CBEX Cambex Corp (CE)

Cambex Corporation (OTCBB:CBEX) today announced that it has filed a Form 15 with the Securities and Exchange Commission. Cambex is eligible to suspend registration because it has fewer than 500 holders of record of its common stock and its total assets have not exceeded $10 Million on the last day of its last three fiscal years. As a result of filing the Form 15, the Company will no longer be required to file annual and quarterly reports with the Securities and Exchange Commission. �The Company took this action because it believes that the incremental cost of compliance with the Sarbanes-Oxley Act of 2002 and other public company reporting requirements is not in the best interest of its shareholders. Rather it will focus on and spend its resources to market its High Availability Software and VersaCache technologies � said Joseph F. Kruy, Chairman and CEO of Cambex. About Cambex Corporation Cambex has been supplying high-performance, high-availability memory and storage solutions for over 35 years for a wide variety of corporate applications. Our solutions are designed to optimize the performance of storage networks. Fibre Channel products include FibreQuik� Host Bus Adapters and Dynamic Path Failover� software. Memory products include upgrades for IBM, Sun, and HP UNIX servers. Products are sold directly and through qualified resellers, integrators and OEMs. Cambex is headquartered in Westborough, Massachusetts and can be reached at (508) 983-1200 or on the World Wide Web at www.cambex.com. Forward-looking statements are made in this release pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or product introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, dependence on third parties for components and products, general economic conditions in the United States and international markets, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. TRADEMARKS: FibreQuik and Dynamic Path Failover are trademarks of Cambex Corporation. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.