MONTREAL, Dec. 29, 2005 (PRIMEZONE) -- Central Network Communications Inc. (Pink Sheets:CLCW), that has been trading Over the Counter in the Pink Sheets of the Nasdaq, under the ticker symbol of CNCW, announced today that it has completed a reverse split of all its outstanding shares with the ratio of one share for each hundred shares (1:100). Consequently, the Nasdaq has assigned the Company a new Ticker Symbol, CLCW, effective today.
This action has been taken not only to rationalize its image with respect to the financial community but also to permit the Company to be in a better position to attract new investment capital.
As CNC enters the new calendar year with its new reduced float, it is confident to attract new business opportunities for its Pyramid cost management and decision support software for the healthcare industry.
Central Network Communications Inc. is a public company listed on the OTC: Other market, now trading under the ticker symbol CLCW. For more information, visit www.cncinc.ca
CNC's Safe Harbour Statement: Except for any historic information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, beliefs, plans, projections, objectives, goals, assumptions of future events or performances are not statements of historical fact and may be "forward looking statements". Forward looking statements in this release may be identified through the use of such words as "expects," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to market its products and services in a competitive environment as well as other factors.