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News, Articles and Releases
Asconi Evidences Compliance With
the AMEX Listing Requirements;
Common Stock to Resume Trading
TUESDAY JULY 6, 9:15 AM ET
ORLANDO, Fla., July 6 /PRNewswire-FirstCall/ -- Asconi Corporation
(Amex: ACD), an Eastern European producer of wines and spirits,
today announced that the trading of its common stock on the American
Stock Exchange (AMEX) will resume on Tuesday, July 6, 2004.
Asconi is in receipt of an AMEX correspondence stating, in part,
that as a result of Asconi's filing of its (i) amended Quarterly
Reports on Form 10- QSB/A for the fiscal quarters ended March 31,
June 30 and September 30, 2003, respectively, (ii) Quarterly Report
on Form 10-QSB for the fiscal quarter ended March 31, 2004, and
(iii) Annual Report on Form 10-KSB for the period ended December
31, 2003, the Company has regained its filing and notification requirements
as set forth in the AMEX Company Guide.
Trading in the Company's common stock had been halted in connection
with the Company's announcement of a restatement of its financial
statements. Asconi has been cooperating with the AMEX and the Securities
and Exchange Commission in inquiries into the circumstances surrounding
the amended and restated public filings.
About Asconi Corporation
Asconi Corporation (Amex: ACD-News) is a producer and distributor
of wines and spirits in Eastern Europe. For more information, please
visit http://www.asconi.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates and projections about the Company's
industry, management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict.
Because such statements involve risks and uncertainties, the actual
results and performance of the Company may differ materially from
the results expressed or implied by such forward-looking statements.
Given these uncertainties, readers are cautioned not to place undue
reliance on such forward-looking statements. Unless otherwise required
by law, the Company also disclaims any obligation to update its
view of any such risks or uncertainties or to announce publicly
the result of any revisions to the forward-looking statements made
here; however, readers should review carefully reports of documents
the Company files periodically with the SEC.
Contact: Mr. Serguei Melnik,
Asconi Corporation Chief Operations Officer
Phone: 407 679-9463
Email: info@asconi.com
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