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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (61554)	10/27/2000 8:13:04 PM
From: Anthony@Pacific	Respond to of 122087

EDIG<---KERPLOTT!! NASDAQ Denies e.Digital Corporation's Initial Listing Application Company's Shares Continue Trading on OTC Bulletin Board SAN DIEGO--(BUSINESS WIRE)--Oct. 27, 2000--e.Digital Corporation (OTC: EDIG - news) announced that it received notice today that its application to list its shares on NASDAQ was denied due to the company's current failure to satisfy the minimum bid price requirement for initial inclusion. The company's shares will continue trading on the OTC Bulletin Board. Robert Putnam, Senior Vice President of e.Digital, said, ``The company complied with all the NASDAQ listing requirements other than the current minimum bid price. Unfortunately, due to the length of the application's review, we were caught in general market conditions that made it difficult for us, as well as many other high tech companies, to sustain or increase share price. Based on anticipated improving market conditions, business developments, and our increasing revenue, we intend to re-apply for a NASDAQ listing upon improvement in our share price.'' Fred Falk, President and CEO of e.Digital, added, ``Today's denial will not affect any of our OEM business or products. We are dedicated to the successful execution of our business strategy, and we'll continue working with industry leaders to make e.Digital and MicroOS(TM) a global standard in a wide variety of digital devices. We remain very positive about our current and future OEM business and the success of e.Digital.'' About e.Digital e.Digital Corporation offers an engineering partnership for the world's leading electronics companies to link portable digital devices to PCs and the Internet. e.Digital develops and markets to consumer electronics manufacturers complete end-to-end solutions for delivery and management of open and secure digital media with a focus on music players/recorders and portable digital voice recorders. Engineering services range from the licensing of e.Digital's patented MicroOS(TM) file management system to custom software and hardware development, industrial design and manufacturing services. For more information on the company, please visit www.edig.com. Safe Harbor statement under the Private Securities Litigation Reform of 1995: This document contains forward-looking statements relating to future performance, technology and product development that may impact on future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risk factors such as: future products and results; technological shifts; potential technical difficulties that could delay new products; competition; general economic conditions in the markets in which the company operates; the ability of the company, its customers, and suppliers to solve latent Year 2000 compliance issues; pricing pressures; and the uncertainty of market acceptance of new products by OEM's and end-user customers. Note: e.Digital and MicroOS are trademarks of e.Digital Corporation. All other company, product, and service names are the property of their respective owners. -------------------------------------------------------------------------------- Contact: e.Digital Corporation Robert Putnam, 858/679-1504 robert@edig.com Email this story - Most-emailed articles - Most-viewed articles