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01/29 09:24 Wave Systems Files Application For Listing on NASDAQ National Market <WAVX.OB>
Wave Systems Files Application For Listing on NASDAQ National Market
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 29, 1999--Wave Systems Corp. (OTC BB: WAVX; wave.com) announced today that it has filed an application with the Listing Qualifications Panel of The Nasdaq Stock Market, Inc. seeking listing on the Nasdaq National Marketr. Shares of Wave's Class A Common Stock currently trade on the OTC Bulletin Board (OTC BB) under the symbol "WAVX". There can be no assurances that Wave will satisfy all of the listing requirements for the Nasdaq National Market. In particular, there can be no assurances that the Company will satisfy the requirement that the minimum bid price for the Company's Class A Common Stock will continue to be at least $5.00 per share through the application review period.
Commenting on the application filing, Steven Sprague, president of Wave Systems, stated, "Though the timing and outcome of our application remains uncertain and subject to a variety of factors, the Board of Directors determined it to be in the best interests of all shareholders that the Company pursue an application for listing at this time."
For more information about Wave please visit wave.com.
About Wave Systems Corp:
Founded in 1988, the mission of Wave Systems Corporation (OTC BB: WAVX) is to create the world's best technologies and services to secure and sell digital information. Wave's core EMBASSY technology is an inexpensive, proprietary hardware and software- based device that enables secure transaction processing and distributed information metering in users' PCs. Embedded in PC hardware and peripherals, set top boxes and other devices, EMBASSY is the foundation for client-based security applications and a new distribution and purchasing model for content and services. This low-cost, secure "system within a system" will enable the personal computer to assume an important new role in the evolving digital economy. By moving secure transactions to the desktop, Wave provides intrinsic value to the electronic commerce process, benefiting PC users, application developers, and hardware manufacturers. For more information, please visit Wave's corporate web site at wave.com
Safe Harbor for Forward-Looking Statements:
Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the loss of market share, changes in consumer buying habits and other factors over which Wave Systems Corp. has little or no control.
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CONTACT:
Wave Contact:
Kent W. Kappen
Wave Systems
408-261-9510
kkappenwavesys.com
or Wave Investor Contact:
David Collins/Kathy Holmes
Jaffoni & Collins
212-835-8500
WAVXjcir.com
or Wave Media Contact:
Aaron Feigin
Fleishman-Hillard
415-356-1033
feiginafleishman.com
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