DigitalFX International, Inc. Receives Approval of Additional Listing Application
January 09 2008 - 5:00PM
Business Wire
DigitalFX International, Inc. (AMEX:DXN), a digital communications
company, today announced that on January 8, 2008 it received
notification from the Listing Qualifications department of the
American Stock Exchange (�Amex�) approving its application, filed
on December 5, 2007, to list 4,357,679 additional shares of its
common stock on Amex. While the Company filed its additional
listing application on December 5, 2007, as amended and
supplemented with additional information on January�4, 2008, it did
not receive notification from Amex that the securities had been
approved for listing until January 8, 2008, which was subsequent to
a required issuance (pursuant to contractual obligations) of
746,429 of the shares covered by the application. On January 3,
2008, the Company received notification from Amex that it did not
comply with Section 301 of the Amex Company Guide, which provides
that a listed company is not permitted to issue, or authorize its
transfer agent or registrar to issue or register, additional
securities of a listed class until it has filed an application for
the listing of such additional securities and received notification
from Amex that the securities have been approved for listing. The
Amex staff noted that the notification constituted a Warning Letter
pursuant to Section 1009(a)(i) of the Amex Company Guide and that
they had determined not to apply the continued listing evaluation
and follow-up procedures specified in Section 1009 of the Amex
Company Guide at this time. As a result of the approval of the
additional listing application, the Company believes that it has
regained compliance with Amex�s continued listing standards. About
DigitalFX International, Inc. DigitalFX International, Inc.
(AMEX:DXN) is a creator of digital communications and social
networking solutions, as showcased on its social network
http://www.helloWorld.com. The company develops and markets
proprietary communication and collaboration services, and social
networking software applications, including video email, video
instant messaging and live webcasting. DigitalFX International,
Inc. is democratizing the world of online streaming video and
digital media archiving with its flagship product, called The
Studio. The Studio is an affordable, cross digital platform
web-based solution. Only the DigitalFX Studio brings together all
this capability, simply and in one place. Forward-Looking
Statements The information contained herein includes
forward-looking statements. These statements relate to future
events or to our future financial performance, and involve known
and unknown risks, uncertainties and other factors that may cause
our actual results, levels of activity, performance, or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place
undue reliance on forward-looking statements since they involve
known and unknown risks, uncertainties and other factors which are,
in some cases, beyond our control and which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future. The safe harbor for forward-looking
statements contained in the Securities Litigation Reform Act of
1995 protects companies from liability for their forward looking
statements if they comply with the requirements of the Act.
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