eSoft to Begin Trading on Nasdaq
Business Wire - July 31, 1998 01:55
BOULDER, Colo.--(BUSINESS WIRE)--July 30, 1998--eSoft Inc., currently listed on the Vancouver Stock Exchange,
announced today that it has received notification from the Nasdaq Stock Market that eSoft common stock has been
conditionally approved for trading on the Nasdaq SmallCap Market on Tuesday, August 4, 1998 under the symbol ESFT.
"This listing exposes eSoft to the larger U.S. pool of individual and institutional investors and expands the market for the
company's stockholders," said Phil Becker, founder and CEO of eSoft. "The Nasdaq listing reflects eSoft's significant capital
growth in the last year as well as increased investor interest in the company."
The company has traded on the Vancouver Stock Exchange (VSE:EZ.U) since March 1998 and intends to voluntarily delist
from that exchange at a future date.
About eSoft's IPAD
The IPAD (Internet Protocol Adapter) is the first complete Internet connectivity product on the market. It defines a new
product category -- the all-in-one Internet box.
The IPAD integrates all of the hardware and software needed to connect a business to the Internet, while providing functions
such as email, Web browsing, Web publishing, a domain name server, remote access and complete firewall security. It installs
in less than two hours and requires little or no ongoing technical administration.
Before the IPAD, companies needed to purchase and integrate expensive individual components to connect their local area
networks to the Internet. The connectivity process required a high level of technical expertise and lengthy installation time.
With the IPAD, smaller organizations can now obtain the same Internet power as the world's largest businesses for a fraction
of the time, expense and complexity of traditional solutions.
About eSoft Inc.
eSoft Inc. (NASDAQ:ESFT) was founded in 1984 and is headquartered in Boulder, Colo. The company developed the IPAD
family of products including Models 1200, 2500 and 5000. eSoft's mission is to remove the technological barriers for
companies wanting to access the Internet.
The eSoft IPAD is available worldwide through distribution and a network of international sales agent organizations. Contact
eSoft at 5335 Sterling Drive, Boulder, Colo., 80301, USA; 303/444-1600 phone; 303/444-1640 fax; www.esoft.com or
ir@esoft.com.
Statements made in this Press Release that are not historical or current facts are "forward-looking statements" made pursuant
to the safe harbor provisions of Section 27A of the Securities Act of 1993 ("The ACT") and Section 21E of the Securities
Exchange Act of 1934. These statement often can be identified by the use of terms such as "may," "will," "expect," "believes,"
"anticipate," "estimate," "approximate" or "continue," or the negative thereof. The Company intends that such forward-looking
statements be subject to the safe harbors for such statements. The Company wishes to caution readers not to place undue
reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements
represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to
risks, uncertainties and important factors beyond the control of the Company that could cause actual results and events to differ
materially from historical results of operations and events and those presently anticipated or projected. These factors include
adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, failure to gain
product approval in foreign countries and failure to capitalize upon access to new markets. Additional risks and uncertainties
which may affect forward-looking statements about the Company's IPAD business and prospects include the possibility that a
competitor will develop a more comprehensive or less expensive IPAD solution, delays in market awareness of eSoft and its
products, possible delays in eSoft's marketing strategy, which could have an immediate and material adverse effect by placing
eSoft behind its competitors. The Company disclaims any obligation subsequently to revise any forward-looking statements to
reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated
events. These factors and others are discussed in the "Management's Discussion and Analysis" section of the Company's
Reports on Form 10-KSB for the fiscal year ended December 31, 1997 and Form 10-QSB for the quarter ended March 31,
1998, to which reference should be made. The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
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