CHARLOTTE, N.C., March 22, 2000 (PRIMEZONE) -- Xpedian, Inc. (OTCBB:XPDN) announces that the process has been initiated to be listed on the newly created market segment of the Hamburg Stock Exchange called the High Risk Market.
The High Risk Market is a market segment that features predominantly companies in the United States that are listed on either the OTC Bulletin Board or the NASDAQ. This listing enables European shareholders to trade on a local platform and helps to facilitate establishing banking relationships in Hamburg which is the largest banking center in Germany with over 200 banks.
The Hamburg Stock Exchange is not only the most traditional one in Germany, but also the most modern. Hamburg is the most important and most dominating German city as well, for the Internet and multimedia which is an excellent market for B2B Internet related companies. It also has a modern electronic trading system which enables Hamburg's leading brokers to guarantee orders at the moment when prices are established. Finally, the most important fact is that Hamburg is very open to young and small companies with promising business projections.
Xpedian, Inc. President and CEO Dale Chapman commented, "We are very excited about this application and are confident of securing a listing on the Hamburg exchange over the next quarter. It has proven very beneficial for US listed companies to obtain a presence in the European markets especially now that European investors can purchase stock in US companies locally through their own trading floors. In addition we look forward to being on an exchange located in the largest banking establishment in the whole of Germany, with 60 German banks and 37 foreign banks having located their headquarters in Hamburg."
Xpedian, Inc. recently acquired licensing agreements for the distribution/marketing rights to sophisticated Artificial Intelligence (AI) software, licensed by Commerce Capital Group, LLC. Xpedian, Inc. will use this advanced technology to deliver web-based financial planning services. This e-commerce network will enable established Brokerage Firms, Certified Public Accountants, Financial Planners, Attorneys, and other financial intermediaries to provide value-added, on-line financial and estate planning products and services to their clients.
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Securities Litigation Reform Act of 1995: This release contains forward- looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competition, new and untested products, uncertainty of revenues and earnings, fluctuations in stock price and liquidity, fluctuating operating results, and other risks detailed from time to time in the company filings with the Securities and Exchange Commission.