Pre-Cell Solutions Announces Intent To File For Listing On Nasdaq Small
Cap Market Board Approves Immediate Filing as Soon as Criteria Are Met
MELBOURNE, Fla., Sep 18, 2000 /PRNewswire via COMTEX/ -- Pre-Cell Solutions,
Inc. (d/b/a/ Dual Point Communications) (OTC Bulletin Board: TDCM), a leading
provider of wireless technology and telephone services for the prepaid wireless
and home markets, announced today its intent to file for listing on the Nasdaq
Small Cap Market. The board has approved immediate filing for listing as soon as
criteria are met.
The attempt to have the Dual Point stock traded on a senior market marks another
goal in the company's strategic plan. Company officials believe the move
benefits investors by providing greater access to Dual Point stock, as well as
assisting with price stability.
"This is another important step in our evolution," said Thomas Biddix, Chief
Executive Officer and Chairman of the Board of Dual Point Communications. "We
currently meet all requirements for listing on the small cap market, short of
maintaining a share value of $4. With the steady improvement in valuation as we
successfully execute our business plan, we anticipate reaching that level very
soon."
For listing on the Nasdaq Small Cap Market, the company must have a market
capitalization of $50 million, public float of 1 million shares with a market
value of $5 million, a bid price of $4, three market makers, 300 shareholders
and an operating history of one year.
Pre-Cell Solutions recently announced a name change to Dual Point
Communications. The name change is pending shareholder approval. Dual Point
Communications' services include both wireless and at-home dialtone. The
wireless service is available under the EZPrepaid brand. The prepaid residential
services division, Pensacola-based TeleConex, provides in-home dialtone to more
than 5,000 customers in nine southeastern states. The wireless technology
division, Atlanta-based USIntellicom, is a leading developer of intelligent
software and applications for the prepaid wireless industry. Currently, there
are more than 75,000 active prepaid wireless subscribers using the company's
technology.
The prepaid market is projected to grow from an estimated $3 billion in revenue
today to exceed $6 billion in revenue and more than 11 million subscribers by
the end of 2002. Prepaid service provides an easy, cost- effective alternative
for budget-conscious individuals and businesses desiring to control
communication costs, occasional users and those with no or poor credit. To learn
more, visit the company at www.dualpoint.com.
Except for any historical information contained herein, the matters discussed in
this press release contain forward-looking statements that involve risks and
uncertainties that are described in the Company's SEC reports, including the
Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2000,
and each of the Form 10-Qs for the periods ended July 31, 1999, October 31,
1999, and January 31, 2000.
SOURCE Pre-Cell Solutions, Inc.
CONTACT: Brad Billings, Hill and Knowlton, 813-221-0030, for Pre-Cell
Solutions, Inc.
URL: dualpoint.com
prnewswire.com |
