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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Bouf who wrote (69051)	1/31/2000 1:16:00 AM
From: vagabond	Read Replies (1) \| Respond to of 108040

Haven't seen anyone mention yet about EBAS becoming EBASE last Friday. They're trying to put a "neutral" light on it (their PR copied below), but it generally tends to be a bad sign. What do folks think? Possibly a good buying opp if the "E" leads to a big selloff (on Friday, it dropped near 6 but then recovered surprisingly well)? Or better to stay away?... Vagabond =================== Friday January 28, 10:35 am Eastern Time Company Press Release SOURCE: ebaseOne Corporation ebaseOne's Ticker Symbol Changes From EBAS to EBASE HOUSTON, Jan. 28 /PRNewswire/ -- ebaseOne Corporation (OTC Bulletin Board: EBAS - news), an emerging player in the Application Service Provider (ASP) market for small and medium sized enterprises, announced today that the company has had an ``E' added to its symbol (OTC Bulletin Board: EBASE - news). This change, instituted by the NASD, is not uncommon for a company in the process of filing with the SEC to become a fully reporting corporation. ebaseOne filed its initial registration statement to become fully reporting on November 22, 1999, and filed its first amendment to its registration statement on January 13, 2000 to answer the SEC's initial comments. The company is expecting another round of comments from the SEC within the next couple of days and intends to answer these comments immediately. It will make every effort to complete the process to become fully reporting prior to the February 24, 2000 deadline. ``Like every other bulletin board-traded company that has yet to have its filing accepted by the SEC at least thirty days before its deadline, we received the 'e`` designation from the NASD as part of their normal policy,' says Charles Skamser, president and CEO of ebaseOne. ``Although it may seem a bit confusing to our stockholders, it is nothing more than the NASD following standard procedures.' ``We are confident that our filings with the SEC are in order and will be accepted before the deadline. Since we have very little control over the length of time it takes the SEC to respond, the addition of an 'E`` has not caused the company to alter its business plans in any way. The fundamentals, operations and goals of ebaseOne are the same today as they have always been and we fully intend to continue with our quest to be the emerging player in the application service provider (ASP) market for small and medium sized enterprises,' adds Skamser. About the Filing Process On January 4, 1999, the Securities and Exchange Commission (``SEC') approved amendments to the NASD Rules to limit quotations on the OTC Bulletin Board to the securities of companies that report their current financial information to the SEC by becoming fully reporting companies. The NASD adds to a security's symbol a fifth character identifier ``E' if the security is not fully reporting with the SEC approximately 30 days prior to the particular company's deadline, which is based on the company's symbol as of January 4, 1999. If companies do not become fully reporting by their deadline, they can not be traded on the OTC BB until they meet the reporting requirement. These companies must be traded on the National Quotation Bureau's (NQB) ``Pink Sheets'. About ebaseOne Corporation ebaseOne Corporation is an emerging player in the application service provider (ASP) marketplace for small and medium sized enterprises. Utilizing technology from Cisco Systems, Sun Microsystems, Marimba, Portal Software and Hewlett Packard, the Company offers an integrated and comprehensive solution of leading packaged software solutions, hosted in a ``Fortune 100' class data center with 24 hour application monitoring, network monitoring and management, and customer service for a flat monthly fee. ebaseOne's mission is to provide a total business solution that enables small and mid-size enterprises to focus on their core business and not on information technology issues. ebaseOne is an executive member of the ASP industry consortium, a member of the Cisco Hosted Application Initiative (CHAI), an executive member of the Sun ServiceProvider.Com program, a member of the HP OpenView Outsourcing program, and a certified Microsoft Solutions Provider. Led by a senior management team with years of experience in the technology and technology management industry, ebaseOne is headquartered in Houston, Texas and can be reached at 713-975-8700 or via its Web site at ebaseone.com.