Comamtech Announces New Trading Symbol on NASDAQ (COMT)
November 12 2010 - 4:01PM
Marketwired
Comamtech Inc. ("Comamtech") (NASDAQ: CNIC) announces that it has
received a new trading symbol on NASDAQ which will be COMT. The new
trading symbol will replace the predecessor Copernic Inc. symbol of
CNIC. The new trading symbol will be effective at the market open
of NASDAQ Stock Market ("Nasdaq") on Monday, November 15, 2010.
The new trading symbol was obtained in connection with the
completion of the Comamtech plan of arrangement, as previously
announced on November 4, 2010, pursuant to which the shareholders
of Copernic Inc. have become shareholders of Comamtech.
Comamtech Inc. has filed an appeal to the recent delisting
notice which it received from Nasdaq in connection with the
completion of the plan of arrangement. The appeal will stay the
suspension and the delisting through the conclusion of the appeal
process. Comamtech has been informed by Nasdaq that the hearing
will be held on December 16, 2010. Comamtech shares shall continue
to trade at least until said hearing date or longer depending on
the determination by Nasdaq of the continuing suitability of the
trading of Comamtech shares on Nasdaq. Comamtech has previously
announced a reverse acquisition of DecisionPoint system (OTCBB:
DNPI) which is expected to be an important factor in the appeal to
Nasdaq regarding continuation of trading of the Comamtech shares.
Comamtech anticipates meeting all of the Nasdaq listing
qualification requirements effective as of the closing of the DNPI
acquisition, however, there is no guarantee or assurance that the
appeal will succeed.
About Comamtech Inc.
Comamtech is the successor to Copernic which was sold to N.
Harris Computer Corporation on November 4, 2010.
Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties that can cause actual outcomes to differ materially
from plans, projections, expectations and other anticipated
results. Some of these risks and uncertainties are detailed in the
Company's filings with the U.S. Securities and Exchange Commission
and the Ontario Securities Commission. The Company expressly
disclaims an intent or obligation to update any description of the
scope, focus or subject matter of the forward-looking statements or
any other matters contained in this press release except as
otherwise required by law.
Contacts: Comamtech Inc. Marc Ferland President and Chief
Executive Officer 514-992-1234 mferland@comamtech.com
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