To: Jim Bishop who wrote (17119 ) 12/16/1999 12:49:00 AM From: SSP Read Replies (1) | Respond to of 150070
SVRI - SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 15, 1999--Silicon Valley Research, Inc. (OTC BB: SVRI), in response to requests from investors, confirmed today that, to the best of their knowledge, there has been no selling of SVR securities by a Company director or executive officer since 1996. All stock certificates held by directors and executive officers are restricted and the appropriate filings would have to be made to the Securities and Exchange Commission under the provisions of Rule 144 before such stock could be released to the market. In addition, each Company director and executive officer who is an SVR shareholder participated in a warrant financing in September, 1999 and therefore is restricted in selling SVR stock until March 25, 2000 pursuant to Rule 16b of the Securities Exchange Act of 1934. Currently, there are 28,654,068 shares of SVR common stock issued and outstanding. The number of shares in the public float is approximately 14 million. Founded in 1979, Silicon Valley Research, Inc. develops, markets and supports innovative IC physical design software for floorplanning, placement, routing, custom layout and parasitic extraction of deep submicron Integrated Circuits (ICs). SVR also provides design consulting services and support to its customers. The advanced technology in SVR's production-proven tools results in dense, high yielding, high performance chips. Headquartered in San Jose, California, SVR has sales representatives in the United States, Asia, and Europe. Information on potential factors which may affect the Company's financial results are included in the Company's Quarterly Reports on Form 10-Q and the Company's Annual Report on Form 10-K. The preceding paragraphs include forward-looking statements. Such forward-looking statements involve risks and uncertainty, and actual results of the Company could vary materially from the forward-looking statements as a result of factors including, without limitation, liquidity and capital resources, new products and rapid technological change, dependence on certain customers and potential fluctuations in quarterly operating results and lengthy sales cycles. Further information on potential factors which may affect the Company's financial results are included in the Company's Quarterly Reports on Form 10-Q and the Company's Annual Report on Form 10-K. (For additional information, visit SVR's Web site, svri.com ) --30--alx/sf* CONTACT: Silicon Valley Research, Inc. James O. Benouis, 408/361-1018 benouis@svri.com