news for you guys at the wee hours of the am. sorry 'bout the format.
InfoNow Announces Plans to Seek Nasdaq Listing; Delists from Vancouver Stock Exchange
DENVER, March 1 /PRNewswire/ -- InfoNow Corporation
(OTC Bulletin Board: INOW) today announced that it plans to seek a listing on
the Nasdaq Small-Cap Market before the end of the current year. The Company
also announced that the Vancouver Stock Exchange had approved the Company's
request to delist its shares effective at the close of trading on March 15,
1999.
"We believe that a listing on the Small-Cap Market will significantly
increase the visibility of our Company and the ease of investing in our stock.
We also view a Small Cap listing as an important first step to realizing our
long term goal of listing our shares on the Nasdaq National Market System,"
said Michael Johnson, the Company's CEO. Johnson added, "We believe that
continued improvements in the Company's operations combined with potential
proceeds from a financing of approximately $4.0 million will allow us to meet
the qualifications for an initial listing with the Small Cap Market. Although
we have not set a target date to apply for a Small Cap listing, we have begun
to explore several potential sources of financing."
About InfoNow Corporation
InfoNow helps leading international companies Turn Inquiries Into
Sales(TM) through a modular suite of web-based, one-to-one marketing
technologies. InfoNow outsources these services via the public Internet and
private intranets to clients in fifteen countries, including eight of the
ten largest global computer and networking firms and six of the eight largest
banks in North America, as well as other industry leaders like Allstate,
American Airlines, FedEx, Maytag, Shell, Transamerica, United Healthcare, and
Visa. For more information, please visit infonow.com.
Except for historical information contained herein, matters discussed in
this release are forward-looking statements that involve risks and
uncertainties, and actual results may be materially different. Factors that
could cause actual results to differ include the risk that sales of the
Company's services may not develop as expected and the risk that the Company
may not obtain a listing on the Small Cap Market as planned or that such a
listing will increase trading activity or liquidity of the Company's stock.
Additional information is contained in the Company's reports on form 10-KSB
and 10-QSB filed with the SEC. InfoNow is a registered trademark of InfoNow
Corporation.
SOURCE InfoNow Corporation
Web Site: infonow.com
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