SAN JOSE, Calif., July 5, 2000 (PRIMEZONE) -- Hybrid Networks Inc., the worldwide leader in fixed broadband wireless access systems, today announced its common stock has been relisted on the Nasdaq National Market System and will begin trading July 6, 2000, under the ticker symbol "HYBR."
The company's stock had been traded on the OTC Electronic Bulletin Board since December 1998.
"Our move to the Nasdaq comes at very exciting time for Hybrid Networks," said Michael D. Greenbaum, president and CEO of Hybrid Networks. "Telecommunications companies continue to select our systems for their fixed-wireless deployments worldwide. Hybrid is poised to build upon its existing leadership position in the explosively growing fixed broadband wireless systems market."
About Hybrid Networks
Hybrid Networks Inc. designs, develops, manufactures and markets fixed broadband wireless systems that enable telecommunications companies to provide businesses and residences with high-speed Internet access. Headquartered in San Jose, Calif., Hybrid has more than 20,000 two-way wireless routers in use in markets worldwide. The company's technology and products are focused on the MMDS and WCS spectrum in the United States and similar spectrum abroad. Hybrid's customers include the leading telecommunications providers, wireless system operators and network service providers.
For more information, call (408) 323-6215 or visit www.hybrid.com.
Some of the statements in this news release are forward looking statements and we caution our stockholders and other that these statements involve certain risks and uncertainties, including risks and uncertainties about whether Hybrid in the future will be able to maintain its leadership position in the fixed broadband wireless systems market. Factors that may cause actual results to differ from results expected or inferred from these statements include, but are not limited to, existing product rollouts or new product development not proceeding as currently anticipated, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, end use demands for wireless communication services, and other business factors. For information regarding certain of these risks and other related risks, see the "Risk Factors" section of Hybrid's annual report for 1999 on Form 10-K on file with the SEC.