PDSi Issues Response to Unusual Market Activity in Its Stock
November 11 2010 - 3:09PM
Marketwired
Pinnacle Data Systems, Inc. ("PDSi" or the "Company") (NYSE Amex:
PNS) announced that as a result of unusual market activity in the
Company's shares, NYSE Amex contacted the Company in accordance
with its usual practice and requested that the Company issue a
public statement indicating whether there are any corporate
developments that might explain the unusual activity.
The Company stated that it is not aware of any corporate
developments that might explain the unusual market activity, and it
is the Company's policy not to comment on unusual market activity
or rumors.
About PDSi
PDSi is a global provider of Electronics Repair and Reverse
Logistics Services, ODM/OEM Integrated Computing Services, and
Embedded Computing Products and Design Services for the Diversified
Computing, Telecom, Imaging, Defense/Aerospace, Medical,
Semiconductor and Industrial Automation markets. PDSi provides a
variety of engineering and manufacturing services for global OEMs
requiring custom product design, system integration, repair
programs, warranty management, and/or specialized production
capabilities. With facilities in the U.S., Europe and Asia, we
ensure seamless support for solutions all around the world.
More than just an ODM, integrator or reverse logistics provider,
PDSi's engineering, technical and operational capabilities span the
entire product lifecycle allowing us to better understand and
develop custom solutions for each of our customer's unique
requirements. Our product capabilities range from board-level
designs to globally certified, fully integrated systems,
specializing in long-life computer products and unique,
customer-centric solutions. Our capability to perform higher-level
repair services in-region allows us to customize solutions for our
customers so that they can deliver world-class service levels to
their customers with reduced logistics, component replacement and
inventory costs.
"PDSi puts computer technologies to work for
our customers."
For more information, visit the PDSi website at
www.pinnacle.com.
Safe Harbor Statement
Portions of this release include forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including, but
not limited to, statements regarding the Company achieving its
financial growth and profitability goals, or its sales, earnings
and profitability expectations for the fiscal year ending December
31, 2010. The words "believe," "expect," "anticipate," "estimate,"
"intend," "seek," "may" and similar expressions identify
forward-looking statements that speak only as of the date of this
release. Investors are cautioned that such statements involve risks
and uncertainties that could cause actual results to differ
materially from historical or anticipated results due to many
factors. These factors include, but are not limited to, the
following:
- changes in general economic conditions, including prolonged or
substantial economic downturn, and any related financial
difficulties experienced by original equipment manufacturers, end
users, customers, suppliers or others with whom the Company does
business;
- changes in customer order patterns;
- changes in our business or our relationship with major
technology partners or significant customers;
- failure to maintain adequate levels of inventory;
- production components and service parts cease to be readily
available in the marketplace;
- lack of adequate financing to meet working capital needs or to
take advantage of business and future growth opportunities that may
arise;
- inability of cost reduction initiatives to lead to a
realization of savings in labor, facilities or other operational
costs;
- deviation of actual results from estimates and/or assumptions
used by the Company in the application of its significant
accounting policies;
- lack of success in technological advancements;
- inability to retain certifications, authorizations or licenses
to provide certain products and/or services;
- risks associated with new business practices, processes and
information systems;
- impact of judicial rulings or government regulations, including
related compliance costs;
- disruption in the business of suppliers, customers or service
providers due to adverse weather, casualty events, technological
difficulty, acts of war or terror, or other causes;
- risks associated with doing business internationally, including
economic, political and social instability and foreign currency
exposure; and
- other factors from time to time described in the Company's
filings with the United States Securities and Exchange Commission
("SEC").
The Company undertakes no obligation to publicly update or
revise any such statements, except as required by applicable law.
For more details, please refer to the Company's SEC filings,
including its most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q.
Contact: Nick Tomashot Chief Financial Officer (614) 748-1150
Email Contact
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