Thursday September 3, 1:05 pm Eastern Time
Company Press Release
SOURCE: Strategic Solutions Group, Inc.
Strategic Solutions Group, Inc. Now Trading on the OTC Bulletin Board
ANNAPOLIS, Md., Sept. 3 /PRNewswire/ -- Strategic Solutions Group, Inc. (Nasdaq: SSGI - news), (FKA: Pacific Animated Imaging Corporation) a developer of interactive multimedia software solutions, announced today that it has been informed by the National Association of Securities Dealers (NASD) that its shares do not at this time meet all of the listing requirements for Nasdaq's small cap market, and that, consequently, its listing on that market has been suspended effective on September 1, 1998. SSGI said that its shares are now trading on the Over-The-Counter Bulletin Board.
John Cadigan, Chairman and CEO of SSGI, said that SSGI has been undertaking steps to bring the company back to compliance with NASD requirements for its small cap market, and that the recently announced plans to merge SSGI and TAMSCO should produce a combined entity comfortably exceeding Nasdaq's small cap market listing requirements.
''We value our Nasdaq listing,'' said Mr. Cadigan, ''and we believe the consummation of the TAMSCO merger and other measures which we have already undertaken will allow SSGI to re-apply soon. In the meantime, our shareholders should know that our shares will continue to trade and that price quotations will continue to be available to stockbrokers just as they have been, under the same trading symbol, except that the quotations will appear on the Over-The-Counter Bulletin Board.''
SSGI is a developer of interactive multimedia software solutions for Fortune 500 companies. Their products are used for training and/or operational management of complex production facilities in the areas of computer-based training (CBT), web-based training (WBT), electronic performance support systems (EPSS) and interactive electronic manuals.
TAMSCO is a high technology firm involved in systems integration, wireless telecommunications, development of custom software design and development of avionics equipment, provider of systems engineering and technical assistance services, and manufacturer of electronic systems, subsystems and automatic test equipment for the Department of Defense, the Federal, State, and Local Governments, and for commercial clients.
''Safe Harbor'' Statement under the Private Securities Litigation Reform Act: With the exception of the historical information contained in the release,
the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product demand and market conditions, the result of litigation, technological difficulties, the ability of the company to obtain financing on acceptable terms and/or the factors outside the control of the company, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-QSB for the quarter ended June 30, 1998.
SOURCE: Strategic Solutions Group, Inc.
More Quotes and News: Strategic Solutions Group Inc (OTC BB:SSGI - news) Related News Categories: computers, internet, software
|