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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )

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To: Kent Sarikaya who wrote (238)1/26/1998 8:42:00 PM
From: Trader X  Read Replies (1) of 718
 
ADFlex Announces Withdrawal of Common Stock Offering

CHANDLER, Ariz.--(BUSINESS WIRE)--Jan. 26, 1998--ADFlex Solutions Inc.
(Nasdaq/NM:AFLX - news) Monday announced that, due to market conditions, it has determined not to proceed with its previously announced public offering of the company's common stock.

''Due to the recent disappointing performance by many technology stocks, we have concluded that the planned offering is not in the best interests of the company stockholders at this time,'' stated Rolando C. Esteverena, ADFlex Solutions chairman, president and chief executive officer.

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We should see pop in price Tuesday based on this news.

-Kevin
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