|
ViewCast
Corporation Delisted from Nasdaq
Company Moves to OTC Bulletin Board
DALLAS
(April 3, 2002) - ViewCast Corporation (NASDAQ: VCST) today
announced that it's securities are no longer eligible to
trade on the Nasdaq SmallCap Market and will be eligible
to trade on the Over-the-Counter (OTC) Bulletin Board effective
with the opening of business on April 4, 2002.
The
move to the OTCBB follows ViewCast's receipt of notification
from Nasdaq that the company's securities would no longer
be listed on the Nasdaq SmallCap Market as of the opening
of business on April 4, 2002.
"Although
the company has a plan in place to improve equity, reduce
debt, and continue to look at strategic relationships, we
unfortunately could not meet timing issues of Nasdaq,"
stated Laurie Latham, ViewCast's Chief Financial Officer.
"We want to encourage our shareholders, customers,
and employees that this will not impact our ability to provide
the quality service that customers require from ViewCast.
As with all public companies, we will continue to communicate
with the public through our website, press releases and
required Securities and Exchange Commission filings."
The
OTCBB is a regulated quotation service that displays real-time
quotes, last-sale prices and volume information in over-the-counter
(OTC) equity securities. OTCBB securities are traded by
a community of market makers that enter quotes and trade
reports. Quotations and trading information can still be
accessed via websites such as Yahoo and other quotation
services or through a securities broker. ViewCast's ticker
symbols (VCST and VCSTW) will remain the same.
About ViewCast Corporation
ViewCast develops products and services that provide video
networked solutions. ViewCast maximizes the value of video
through its core businesses: Osprey® Video provides
the streaming media industry's de facto standard capture
cards and ViewCast Systems integrates turnkey streaming
and video distribution systems and software. From streaming
digital video on the Internet to distribution of broadcast-quality
video throughout the corporate enterprise, plus comprehensive
video software applications, ViewCast provides the complete
range of video solutions.
Visit
the company's Web site (http://www.viewcast.com) for more
information.
This
press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, which reflect the Company's current
judgment on certain issues. Because such statements apply
to future events, they are subject to risks and uncertainties
that could cause the actual results to differ materially.
Important factors which could cause the actual results to
differ materially include, without limitation, the following:
the ability of the company to service its debt; continued
significant losses by the company; the ability of the company
to develop and market new products as technology evolves;
the ability of the company to meet its capital requirements;
increased competition in the video communications market;
the ability of the company to maintain current and develop
future relationships with third party resellers, manufacturers
and suppliers; the ability of the company to meet governmental
regulations; and the ability of the company to obtain and
enforce its patents and avoid infringing upon third parties'
patents. For a detailed discussion of these and other cautionary
statements and factors that could cause actual results to
differ from the Company's forward-looking statements, please
refer to the Company's Prospectus filed on July 14, 2000
and its reports on Form 10-K and 10-Q on file with the Securities
and Exchange Commission. All trademarks are property of
their respective holders.
|