Lotus Pacific Files Application To Be Listed On NASDAQ National Market
PISCATAWAY, N.J.--(BUSINESS WIRE)--April 7, 1999--Lotus Pacific Inc. (OTC:LPFC - news) announced today that it has submitted an application for listing on the NASDAQ National Market and has filed Form 10 with the Security Exchange Commission.
''I believe that our company has taken the necessary steps and is ready to be listed on the NASDAQ National Market,'' said Jeff Gull, vice president of Lotus Pacific. ''Achieving a NASDAQ listing will attract a whole new level of investors to our growing company. This is an important milestone for Lotus Pacific and our shareholders in achieving our goals and objectives.''
About Lotus Pacific:
Lotus Pacific is an Internet technology and services company focused on developing and marketing Internet-related products and services in the U.S. and international markets with an emphasis on financial services. Through its subsidiaries, Regent Electronics Corporation, Arescom, TurboNet Communications, US Securities & Futures Corp. and Professional Market Brokerage, Lotus Pacific offers unique Internet-related products like the TeleWeb(TM) system, TeleWeb(TM)/WonderTV(TM) set-top boxes, Internet routers, cable modems, and online financial trading systems. Through realizing its Internet-WallStreet Solutions(TM) concept, Lotus Pacific provides new Internet solutions, services, and opportunities for its customers and shareholders. Lotus Pacific's progressive approach is open to technical cooperation and marketing partnerships with major industry-related companies such as Microsoft (Nasdaq:MSFT - news), Cisco (Nasdaq:CSCO - news), Lucent (NYSE:LU - news), AT&T (NYSE:T - news), Broadcom (Nasdaq:BRCM - news), At Home (Nasdaq:ATHM - news), America Online (Nasdaq:AOL - news), EarthLink (Nasdaq:ELNK - news), Yahoo (Nasdaq:YHOO - news), Time Warner (NYSE:TWX - news), Sun Microsystems (Nasdaq:SUNW - news), Charles Schwab (Nasdaq:SCH - news) and E*Trade (Nasdaq:EGRP - news). For more information about Lotus Pacific, see the company's web site at www.lpfc.com.
Please note: Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' for forward-looking statements. Certain information included in this news release (as well as information in oral statements or other written statements made or to be made by Lotus Pacific, Inc.) contain statements that are forward-looking, such as statements relating to plans for future expansion, various business development activities, planned capital expenditures, anticipated sales and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Lotus Pacific, Inc. These risks and uncertainties included, but are not limited to, those relating to development, expansion and marketing activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state laws, market competition factors, and the company's ability to obtain a NASDAQ National Market listing.
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Contact: Lotus Pacific Inc.
Jeff Gull (Tel: 732-885-1750) |
