LITTLE ROCK, Ark., March 16, 2001 (PRIMEZONE) -- The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that it has filed a class action in the United States District Court for the Northern District of Texas on behalf of all individuals and institutional investors who purchased the common stock of Ascendant Solutions, Inc. ("Ascendant" or the "Company") (Nasdaq:ASDS), previously known as ASD Systems, Inc., between November 11, 1999 through January 24, 2000, inclusive (the "Class Period").
The complaint charges Ascendant and certain of its officers and directors with violations of the Federal Securities Laws by issuing false and misleading statements concerning the Company's business. Specifically, the complaint alleges that the Prospectus for the Company's initial public offering contained materially false and misleading statements regarding the Company's past performance and ability to provide reliable outsourced services to online retailers and directmarketing companies.
Cauley Geller Bowman & Coates, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you must meet certain requirements and take appropriate action by March 30, 2001. You are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com.
CAULEY GELLER BOWMAN & COATES, LLP Sue Null, Charlie Gastineau or Jackie Addison 11311 Arcade Drive, Suite 200 Little Rock, AR 72212 Toll Free: 1-888-551-9944 E-mail: info@classlawyer.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca