CALVERTON, N.Y., Nov. 19, 2004 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR) announced today that it has successfully had its stock delisted from the Berlin-Bremen Stock Exchange as of the close of business on Thursday, November 18, 2004. AdZone is one of more than 200 U.S. publicly traded companies whose stock had been listed on this exchange without the company's prior knowledge, consent or authorization.
Charles Cardona, president & CEO of AdZone stated, "As is the case with several hundred other companies, we were appalled to learn that our stock could be listed for trading on an international stock exchange without our consent or knowledge. From our perspective, there is no justifiable explanation for this, yet we believe, as many others do, that this is the work of individuals using 'naked short selling' tactics due to the benefit of the 'arbitrage' loophole that none of the present regulations are designed to close."
The CEO added that investors looking to purchase shares of AdZone Research should only purchase their shares from the NASDAQ Over-The-Counter: Bulletin Board (OTCBB) under the symbol ADZR, as shares traded on the Berlin-Bremen Stock Exchange or any other foreign exchange are not currently recognized by AdZone. He commended German securities authorities for their help in the delisting process.
About AdZone Research: AdZone Research specializes in automated retrieval, classification, analysis and delivery of worldwide Internet data for global defense as well as media metrics. Through surveillance of more than one half million Web sites worldwide, AdZone provides tracking and monitoring of targeted information on the Internet, with an expanded focus on global Internet analysis of security-related data transmissions. See: http://www.adzoneresearch.com .
Certain statements contained herein are "forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.