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Technology Stocks : CCGI: ComTech Consolidated -- Ignore unavailable to you. Want to Upgrade?

To: jimmy who wrote (347)	7/22/1999 10:37:00 AM
From: barbara sperino	Read Replies (1) \| Respond to of 394

(COMTEX) B: COMTECH ACHIEVES FULLY REPORTING STATUS B: COMTECH ACHIEVES FULLY REPORTING STATUS HOUSTON, Jul 22, 1999 /PRNewswire via COMTEX/ -- ComTech Consolidation Group Inc. (OTC Bulletin Board: CCGI) today announced that the company has completed all required filings with the Securities and Exchange Commission to be considered a fully reporting company. Last January 4th 1999 the National Association of Securities Dealers, Inc. (NASD) approved amendments to rule 6530, the Eligibility Rule. These changes require all OTC Bulletin Board stocks make periodic filings with the SEC. The NASD also amended Rule 6540 prohibiting member firms from quoting an issuer's security if the issuer does not comply with the eligibility requirements of Rule 6530. ComTech chairman and chief executive officer, Mr. Winfred Fields said: "This is another major step forward for ComTech, our investors now can be assured that CCGI common stock will remain quoted by the OTC Bulletin Board. Back in April when our new management team took over, becoming a Fully Reporting company was on the top of our list due to the pending changes being implemented by the NASD." Mr. Fields continued, "Now our investors will have timely access to our Quarterly numbers through the SEC Edgar database." Mr. Joel Flowers, ComTech chief financial officer commented on the (COMTEX) B: COMTECH ACHIEVES FULLY REPORTING STATUS B: COMTECH ACHIEVES FULLY REPORTING STATUS HOUSTON, Jul 22, 1999 /PRNewswire via COMTEX/ -- ComTech Consolidation Group Inc. (OTC Bulletin Board: CCGI) today announced that the company has completed all required filings with the Securities and Exchange Commission to be considered a fully reporting company. Last January 4th 1999 the National Association of Securities Dealers, Inc. (NASD) approved amendments to rule 6530, the Eligibility Rule. These changes require all OTC Bulletin Board stocks make periodic filings with the SEC. The NASD also amended Rule 6540 prohibiting member firms from quoting an issuer's security if the issuer does not comply with the eligibility requirements of Rule 6530. ComTech chairman and chief executive officer, Mr. Winfred Fields said: "This is another major step forward for ComTech, our investors now can be assured that CCGI common stock will remain quoted by the OTC Bulletin Board. Back in April when our new management team took over, becoming a Fully Reporting company was on the top of our list due to the pending changes being implemented by the NASD." Mr. Fields continued, "Now our investors will have timely access to our Quarterly numbers through the SEC Edgar database." Mr. Joel Flowers, ComTech chief financial officer commented on the recent developments: "We have filed our 10sb with the Securities and Exchange Commission, our 60 day effective date passed on July 17th 1999. The next step in this process will begin October 1st when the NASD conducts there own compliance search for Companies whose symbols begin with BH-CM, at that point all companies out of compliance will receive a modifier at the end of that companies ticker symbol." Mr. Flowers continued "We have completed our side of this process and look forward to NASD approval in October." Statements regarding financial matters in this press release other than historical facts are "forward looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations including future revenues and earnings, and all other forward looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. SOURCE ComTech Consolidation Group Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Glenn Bartolini, VP Investor Relations of Compass Point Group, 619-525-0800, gb@compasspointgroup.com (CCGI) GEOGRAPHY: Texas INDUSTRY CODE: CPR MLM SUBJECT CODE: OTC * end of story * * end of story *