BRIGHTON, N.Y., Feb. 27, 2004 (PRIMEZONE) -- Communication Synergy Technology Inc. (ComSynTech) (Pink Sheets:CSYT), a business solutions company, announced today that it will hold a meeting of its Board of Directors at the beginning of Q2.
The meeting has been called to address the issue of the total shares outstanding and options for reducing the number of shares to allow the Company to achieve a fair and reasonable valuation.
Seth Borg, CEO of ComSynTech commented, "The current share structure of the Company is being examined and options for reducing the outstanding shares are being considered." He added, "Our highest priority is creating shareholder value, any strategy for restructuring the outstanding shares of the Company will be focused on that priority."
About ComSynTech
Communication Synergy Technologies Inc. (ComSynTech) develops and markets document creation, management and preservation systems for medicine, industry, finance and government.
The products developed by ComSynTech provide efficiency, flexibility and improved quality by automating the creation, capture, management, distribution, archiving, preservation and retrieval of voice and word documents across multiple markets.
ComSynTech products and development platforms integrate with and complement existing technologies, accelerating time-to-implementation.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of ComSynTech to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in ComSynTech's reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and ComSynTech assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.