POWELL, Tenn., Aug. 4, 2004 (PRIMEZONE) -- Green Dolphin Systems Corp. (Pink Sheets:GDLS) announced that Green Dolphin through its counsel has provided and is continuing to provide information and testimony to the staff of the Securities and Exchange Commission in connection with its private investigation of the Company. Both Green Dolphin and its counsel are committed to providing any and all additional information or testimony which the staff of the Commission may request.
Green Dolphin has no continuing relationship, and is not directly or indirectly performing work or selling product to the restaurant chain specified in a prior press release.
Green Dolphin continues to work on corporate fundamentals and the Company is focused to expand and develop its marketing and sales strategies.
Safe Harbor
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to develop and expand its business. Actual results may differ materially from the results anticipated and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among other things, the Company's limited operating history, its limited financial resources, intense competition within the technology industry, incapacity to market and develop its technological capacities, difficulties and risks associated with operating in foreign jurisdictions, domestic and global economic conditions and conditions of the equity markets. More information about the potential factors that could affect the Company's business and financial results is and will be included in the Company's filings with the Securities and Exchange Commission.