10/09/98 7:25 pm edt.|
SoftQuad International Inc. NASDAQ Listing Status
TORONTO--(BUSINESS WIRE)--Oct. 9, 1998--SoftQuad International Inc. (NASDAQ:SWEBF)(TSE:SKI), today announced that due to share prices under NASDAQ's minimum requirement, it has been delisted from the NASDAQ stock exchange, effective at the close of business on October 9, 1998. The company's securities will continue to trade on The Toronto Stock Exchange under the symbol: SKI. NASDAQ has notified the Company that the securities of the Company may immediately be eligible to trade on the OTC Bulletin Board. About SoftQuad International:
Alpha Software Corporation (Alpha, Alpha Software), based in Burlington, Mass., and SoftQuad Inc. (SoftQuad), based in Toronto, Canada, are wholly-owned operating companies of SoftQuad International Inc.
Expanding on its tradition of providing solution-based software, Alpha Software now develops and publishes a diverse array of leading products in the utility, business and consumer software categories. Alpha Software owns controlling interest in NewKidCo LLC, a joint venture publishing video games for young children on "next generation" game console systems. NewKidCo's mission is to become the leading provider in the children's video game category with such popular licensed properties as Sesame Street's 'Elmo' from Children's Television Workshop(R) and Steven Spielberg presents TINY TOON Adventures(R) from Warner Bros. Both Alpha Software's and NewKidCo's products are sold nationwide through the retail channel.
SoftQuad Inc. provides a broad range of multi-platform, standards-based software tools that help information creators, gatherers and providers create and publish information. SoftQuad is a founding member and active participant in the World Wide Web Consortium, the Internet Engineering Task Force and Editorial Review Boards.
Sesame Street is a registered trademark of Children's Television Workshop. PlayStation is a registered trademark of Sony Computer Entertainment Inc. All other names are trademarks or registered trademarks of their respective companies.
SoftQuad's press material can be accessed at softquadintl.com
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including without limitation risks of intellectual property rights and litigation, risks in technology development and commercialization, risks in product development and market acceptance of and demand for the Company's products, risks of downturns in economic conditions generally, risks associated with competition and competitive pricing pressures, risks associated with foreign sales, risks associates with the sell-through of products in the sales channels, risks associated with customer concentration and other risks detailed in the Company's filings with the Securities and Exchange Commission.
CONTACT: SoftQuad International Inc.
Steven Schneider, 781/229-2924
...the Rabins' didn't even have the integrity/resolve to advise their shareholders of their intent to relist...? absolutely no corporate governance...yet felt comfortable issuing this release late friday [7:25 pm edt]...this is the kind of crap which simply causes one to simply not believe anything the Rabins parse up...hence the stock price...hence the NASDAQ minimum maintenance requirement...hence the delisting(.)