NEW YORK, Dec. 23, 2002 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) and (NIPHIX:EXUSG) today announced the additional listing of the common stock of Exus Networks, Inc. on the Niphix ATS for secondary trading.
Ike Sutton, chairman and CEO of Exus, noted, "Exus is committed to maximizing liquidity for its shareholders. Being listed on NIPHIX gives our shareholders the ability to sell and buy EXUS shares without paying exorbitant trading fees and without dealing with middlemen market makers. In these new times, new avenues for trading and raising funds need to be explored and may be rewarding for investors".
Nimish Gandhi, NIPHIX president, said, "The Niphix Trading System is a fully automated trade execution system that matches buyers' and sellers' orders. Investors place their own trades and find the best price on the system themselves. We are delighted to welcome EXUS to the NIPHIX trading system which will bring EXUS visibility as one of a small group of electronically traded companies."
About Exus Networks, Inc.
Exus Networks, Inc. is a global provider of a broad array of value-added services, concentrating on Distant Education, delivered via a combined satellite and terrestrially based network. These services are provided to a diverse client base in emerging markets that includes medium to large multi-national businesses, universities, Internet service providers and government agencies. Through its division EEN World University, Exus offers the first prepaid Smart EducationCard to students worldwide. To learn more about the Company, please visit its Website at www.exus.net and www.eenworldu.net.
About Niphix Investments
Niphix is an alternative trading system for institutional and individual investors. The Niphix Trading System is a fully automated trade execution system that matches buyers' and sellers' orders. Investors place their own trades and find the best price on the system themselves. The system is available for 24-hour access; however, matching only occurs Monday through Friday, between the hours of 8:00 a.m. and 5:00 p.m. CST. For more information see www.niphix.com or email info@niphix.com. Niphix Investments is a member firm of the NASD and SIPC.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.