Tricord to keep Nasdaq Listing/now in compliance.
Tricord Systems, Inc. to Remain Listed On Nasdaq
PLYMOUTH, Minn.--(BUSINESS WIRE)--Jan. 4, 1999--Tricord Systems, Inc. (Nasdaq: TRCD - news) today announced that it has received notice from the Nasdaq Stock Market that the Company is in compliance with listing requirements and its common stock will continue to be traded on the Nasdaq SmallCap Market. Tricord announced in September 1998 that it was not then meeting the minimum bid requirement.
Tricord Systems, Inc., develops and markets storage system management software for the Windows NT® market. Tricord Storage Management Software (TSMS) facilitates the transparent sharing of data on network-attached storage devices, enabling organizations to centralize data storage functions and reduce the costs associated with data management and storage. Tricord is based in Plymouth, MN USA. For more information, please call 1-800-TRICORD or 612-557-9005, or visit us at www.tricord.com.
''Safe-Harbor'' Statement Under Private Securities Act of 1995: The statements contained herein that are not historical facts contain forward-looking information with respect to plans, projections or future performance of the Company. There is no guarantee or assurance that these plans, projections or future performance of the Company as indicated will be achieved, and actual results could differ materially. Factors, certain risks and uncertainties which could impact the Company's future results include, without limitation, the ability of Tricord to complete development and release commercially its storage management software products, the ability of Tricord to sign OEM partners, market acceptance of Tricord-enabled products, the ability of the Company to maintain its cost structure in accordance with its operating plan, and other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K for fiscal 1997.
Tricord, Tricord Storage Management Software and Network Storage Made Simple are all trademarks, registered trademarks, or service marks of Tricord Systems, Inc. All other names mentioned are trademarks, registered trademarks, or service marks of their respective companies.
|
