Intrusion Inc. Announces Effective Date of Reverse Stock Split
26 Mars 2004 - 10:23PM
PR Newswire (US)
Intrusion Inc. Announces Effective Date of Reverse Stock Split
RICHARDSON, Texas, March 26 /PRNewswire-FirstCall/ -- Intrusion
Inc. , ("Intrusion") today announced that the four-for-one (4:1)
reverse stock split of Intrusion common stock approved ata special
meeting held on March 18, 2004, will become effective as of the
opening of business on March 29, 2004. At that time, the trading
symbol of Intrusion stock will become "INZCD" for a period of 20
trading days, after which it will return to "INTZC" until Nasdaq
informs Intrusion that it has satisfied the requirements of its
conditional listing exception. On January 30, 2004 Intrusion
announced that its common stock would continue to be listed on The
Nasdaq SmallCap market via an exception from the $1.00 minimum bid
price requirement granted by a Nasdaq Listing Qualifications Panel.
While Intrusion failed to meet this requirement as of November 5,
2003, the Company was granted a temporary exception from this
standard subject to Intrusion meeting certain conditions, including
the completion of the reverse stock split. In the event the Company
is deemed to have met the terms of the exception, it shall continue
to be listed on The Nasdaq SmallCap Market. The Company believes
that it can meet these conditions, however, there can be no
assurance that it will do so. If at some future date the Company's
securities should cease to be listed on The Nasdaq SmallCap Market,
they may continue to be listed in the OTC Bulletin Board. About
Intrusion Inc. Intrusion Inc. is a leading global provider of the
Intrusion SecureNet(TM) line of leading network intrusion
prevention, intrusion detection and regulated information
compliance products, as well as deployment technologies and
security services for the information-driven economy. The Intrusion
SecureNet(TM) family of network security products for governments
and enterprises help protect critical information assets by quickly
detecting, analyzing and responding to attacks and the misuse of
classified and regulated information. Associated Intrusion
SecureNet(TM) Intrusion Detection(R) services provide unique value
to governments and enterprises in protecting information assets.
For more information, please visit http://www.intrusion.com/. This
release, other than historical information, may include forward-
looking statements regarding future events or our future
performance, including, without limitation, statements relating to
our ability to regain compliance with the continued listing
requirements of The Nasdaq SmallCap Market. These statements are
made under the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and involve risks and uncertainties
which could cause actual results to differ materially from those in
the forward looking statements, including, without limitation, our
ability to meet the conditions for continued listing on The Nasdaq
SmallCap Market within the specified times, our ability to comply
with all Nasdaq's continued listingrequirements currently and in
the future, whether the reverse stock split will have the desired
consequences, as well as other risks and uncertainties identified
in our Annual Report on Form 10-K, our Definitive Proxy Statement
on Schedule 14A filed with the SEC on February 12, 2004 and other
filings with the SEC. Copies of these filings can be obtained from
our Investor Relations department. Financial Contact Michael L.
Paxton, VP, CFO972.301.3658, Media Contact Ryon Packer, VP
972.664.8072,
http://www.newscom.com/cgi-bin/prnh/20030703/INTRUSIONLOGO
http://photoarchive.ap.org/ DATASOURCE: Intrusion Inc. CONTACT:
financial, Michael L. Paxton, VP, CFO, +1-972-301-3658, or , or
media, Ryon Packer, VP, +1-972-664-8072, or , both of Intrusion
Inc. Web site: http://www.intrusion.com/
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