It seems the so called bashers were nothing but great investigators. Everything that was mentioned as problems for COII turned out to be.
Related Quotes
COII.OB
3 1/8
+1/16
delayed 20 mins - disclaimer
Thursday November 16, 5:03 pm Eastern Time
Press Release
SOURCE: Computerized Thermal Imaging Inc.
CTI Issues Update of Nasdaq Listing Status
LAYTON, Utah, Nov. 16 /PRNewswire/ -- Computerized Thermal Imaging Inc. (CTI -OTC Bulletin Board: COII) announced today an update of its Nasdaq listing status.
On June 26, 2000, CTI was informed that its securities had been approved for trading on the Nasdaq Stock Market. However, shortly thereafter, and prior to the commencement of trading on the Nasdaq Stock Market, the Staff of Nasdaq informed the Company that the commencement of trading would be placed on hold pending further review. Since that time, CTI has retained Deloitte + Touche as its independent accountants and Wilmer, Cutler & Pickering as its national securities counsel, transitioned management of the Company from David Johnston to Richard Secord as previously announced by the Company, terminated its consulting agreement with Manhattan Financial Group, entered into voting agreements with David Johnston and Daron Dillia (d/b/a Manhattan Financial Group), terminated its contractual relationship with CTII de Mexico and provided additional information about that contract and its termination. Many of these actions are described in further detail in the Company's prior press releases and SEC filings.
``CTI has worked very hard over the last few months to address Nasdaq's concerns. The Company believes it has addressed those issues satisfactorily and that it now meets all of the applicable Nasdaq listing standards, except the minimum bid price,'' stated David Packer, President of CTI. ``Barring any unforeseen circumstances, CTI believes that its stock will be approved to commence trading on Nasdaq if the Company's bid price meets the Nasdaq standards in the near future.''
Computerized Thermal Imaging, Inc. is in business to improve the quality of life through the development and deployment of thermal imaging and associated technologies. Information about CTI can be found at www.cti-net.com on the Internet or by calling CTI Public Affairs at (801) 926-1113.
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition to the factors set forth above, other important factors that could cause actual results to differ materially include, but are not limited to, technical risks associated with new technology development, government regulatory approvals and access to working capital. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings. Copies of these filings may be obtained by contacting the Company or the SEC. The Company undertakes no obligation to update any of the forward-looking statements contained in its press releases.
SOURCE: Computerized Thermal Imaging Inc. |
