LYNGBY, Denmark July 12, 2000 (PRIMEZONE) - Olicom A/S (OTC BB:OLCMF) today announced that the Company's common shares are now quoted on the NASD's OTC Bulletin Board(r) under the trading symbol OLCMF. In addition, Olicom's shares continue to trade on the Copenhagen Stock Exchange.
Commenting on Olicom's move to the OTC Bulletin Board(r), Chief Executive Officer Boje Rinhart remarked, "We are delighted that Olicom is now quoted on the Bulletin Board, which should give our Company better visibility in the U.S. capital markets and facilitate the trading of Olicom's common shares."
On April 17, 2000, Olicom requested that Nasdaq review its decision with respect to the delisting of the Company from the Nasdaq National Market. Olicom anticipates that Nasdaq will consider the Company's appeal in September, and that a decision will be rendered after such meeting.
Headquartered in Lyngby, Denmark, Olicom A/S initiates and/or participates in the development of new products and services which leverage leading edge technologies with a primary focus on satisfying the needs of mobile data communications users.
Business opportunities are identified both through the Company's internal research and through the solicitation of ventures with start-up companies, which are offered seed and venture financing as well as access to the Company's established business network and infrastructure. For more information on Olicom, please contact the Company directly or refer to the Company's web site at www.olicom.com. Additional information can also be found in the Company's SEC filings at www.sec.gov.
Except for historical information contained herein, the matters discussed in this news release may contain forward-looking statements, involving risks and uncertainties that may cause actual results to differ materially. Among the factors that could cause results to differ are uncertain market conditions, uncertainty to the actual materialization of revenue and income related to the Company's recent divestiture of certain operations, and any implementation of its current business plan. Further information may be found in Olicom's periodic filings with the US Securities and Exchange Commission (SEC), including the most recent reports on Form 20-F and 6-K, which identify important risk factors related to the Company's business that could cause actual results to materially differ from those contained in the forward-looking statements.
-0- Contact: Boje Rinhart, Chief Executive Officer Olicom A/S Phone: 45-45-27-00-00 Fax: 45-45-27-01-01 bri@olicom.dk Ivan Peill, Associate Director Thomson Financial Investor Relations Phone: 212-701-1972 Fax: 212-363-3971 ivan.peill@thomsonir.com