CONCORD, Calif., June 27, 2005 (PRIMEZONE) -- COMC, Inc. (OTCBB:CINJ) has announced that, effective today, it has changed its name to ICF Corporation and effected a one-for-ten reverse split of its outstanding Common Stock. The Company's post-reverse-split Common Stock began trading on the NASD Over-the-Counter Bulletin Board today under the new ticker symbol "ICFO" (OTCBB:ICFO). The Company effected the name change and reverse split by filing a Certificate of Amendment to its Certificate of Incorporation with the Delaware Secretary of State. The Company's shareholders approved these changes by a majority vote of over 75%.
The name change will identify the Company more closely with its wholly-owned operating subsidiary, ICF Communication Solutions, Inc., and allow the Company to capitalize on associated name-recognition and goodwill. The reverse split will allow the Company to have a more manageable number of shares outstanding and increase the per-share price of the Company's Common Stock, making the stock more attractive to institutional buyers.
About ICF Corporation
ICF Corporation, through its wholly-owned operating subsidiary ICF Communication Solutions, Inc., is a technology service company in the telecommunications industry with a service coverage area which includes California, Arizona and Texas. The Company designs, implements, supports and manages LAN/WAN computer network systems, voice communication network systems, and premise wiring for both data and voice. The Company also distributes and maintains equipment on behalf of major telecommunications equipment manufacturers. The Company's clients are primarily Fortune 1000 sized enterprises demanding the highest level of service to support their complex and growing national voice and data network systems. In servicing these customers, the Company provides trained and experienced technicians and design engineers on a rapid-response basis to meet customers' telecommunications planning, design, installation, maintenance and emergency needs.
Forward Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements in this news release include statements regarding the Company's name change and stock split. Factors which could cause the actual results to differ materially from these forward-looking statements include such factors as may be detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.