DigitalFX International, Inc. Submits Compliance Plan to AMEX
24 Octobre 2008 - 11:03PM
PR Newswire (US)
LAS VEGAS, Oct. 24 /PRNewswire-FirstCall/ -- DigitalFX
International, Inc. (AMEX:DXN), a multi-tier Web 2.0 digital media
products distribution company announced that on October 23, it
submitted a plan, as required, to The American Stock Exchange
(``AMEX') advising AMEX of action the Company will take to regain
compliance with the AMEX's continued listing standards. The Plan
sets forth quarterly milestones and a road map of how the Company
intends to regain compliance with the continued listing rules, but
most importantly, how the Company's new management will steer the
Company towards financial stability for our business, our
employees, our loyal distributor base and our shareholders. The
Plan addresses the introduction of new product initiatives,
discusses management changes and outlines the expected financing
plan of the Company, the first phase of which was launched on
October 15, 2008. The Plan remains subject to review and acceptance
by the AMEX. If accepted, the plan will continue to be subject to
periodic review to determine whether the Company is making progress
consistent with the plan. If the plan is not accepted, or if the
Company does not make progress consistent with the plan, the AMEX
may initiate delisting procedures as appropriate. About DigitalFX
International, Inc. DigitalFX International, Inc. (AMEX:DXN)
markets web-based products such as streaming live and on-demand
video, video email and digital storage that because of their
extremely low cost for the first time brings the next generation
Internet revolution to individuals through its
http://www.helloworld.com/ website and small and medium-sized
businesses via its http://www.firststream.com/ website. The company
also markets proprietary communication and collaboration services,
and social networking software applications, including its flagship
product, called the Studio. For more information about DigitalFX,
please visit us at http://www.digitalfx.com/. To receive public
information, including press releases, conference calls, SEC
filings, profiles, investor kits, News Alerts and other pertinent
information, please click on the following link:
http://www.b2i.us/irpass.asp?BzID=1407&to=ea&s=0
FORWARD-LOOKING STATEMENTS The information contained herein
includes forward-looking statements. These statements relate to
future events or to our future financial performance, and involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, levels of activity, performance, or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place
undue reliance on forward-looking statements since they involve
known and unknown risks, uncertainties and other factors which are,
in some cases, beyond our control and which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future. The safe harbor for forward-looking
statements contained in the Securities Litigation Reform Act of
1995 protects companies from liability for their forward looking
statements if they comply with the requirements of the Act.
DATASOURCE: DigitalFX International, Inc. CONTACT: Investors, , or
DigitalFX International, Inc., +1-702-938-9300 Web Site:
http://www.digitalfx.com/
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Digitalfx International, Inc. (AMEX:DXN)
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