ComCam Securities to Delist OTCBB but Maintain Pink Sheets and Deutsche Borse
May 31 2007 - 8:45AM
PR Newswire (US)
WEST CHESTER, Pa., May 31 /PRNewswire-FirstCall/ -- ComCam Inc.
(OTC:CMCA) (BULLETIN BOARD: CMCA) ("Company"), a developer of
enterprise video networking solutions through its wholly owned
subsidiary ComCam International, Inc., announced that effective May
31 the Company's securities will be removed from quotation on the
OTCBB for failure to report in a timely manner. According to
ComCam's CEO, Don Gilbreath, "Since 2002 we have managed to juggle
the costs and associated burdens of the reporting requirements of
OTCBB issuers. However, we have been late three times in our
financial reporting over the last 24 months in violation of NASD
Rule 6530. Despite this setback the Company intends to remain
current in its reporting obligations over the next 12 months at the
end of which time we will be eligible again for quotation on the
OTCBB. Until then the Company will still be quoted on
http://www.pinksheets.com/ as (CMCA) as well as on Deutsche Borse
(WKN 982493)." The Company develops network video
command-and-control products and provides solutions and technical
services to US government agencies, Fortune 500 companies, research
facilities and original equipment manufacturers, systems
integrators and dealers worldwide. Its vision is to augment
technologies not only to communicate better with each other but
also to enhance human communications employing these technologies.
A number of statements contained in this press release may be
considered to be forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended. A
safe-harbor provision may not be acceptable to the forward-looking
statements made in this press release because of certain exclusions
under Section 27A (b). These forward-looking statements involve a
number of risks and uncertainties, including timely development,
market acceptance of products and technologies, competitive market
conditions, successful integration of acquisitions and the ability
to secure additional sources of financing. The actual results the
Company may achieve could differ materially from any
forward-looking statements due to such risks and uncertainties. The
Company encourages the public to read the information provided here
in conjunction with its most recent filings on Form 10KSB and Form
10QSB. ComCam's public filings may be viewed at http://www.sec.gov/
Contact: David Rosen V.P., Corporate Development ComCam
International, Inc. Tel. 610.436.8089 http://www.comcam.net/
DATASOURCE: ComCam, Inc. CONTACT: David Rosen, V.P., Corporate
Development, ComCam International, Inc., +1-610-436-8089, Web site:
http://www.comcam.net/ http://www.pinksheets.com/
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