MAHWAH, N.J., Oct. 6, 2003 (PRIMEZONE) -- Communications Research, Inc. (Pink Sheets:CRHI) is moving forward with the necessary measures to have the Company traded on the Over the Counter Bulletin Board market (OTCBB). Communications Research currently qualifies for the OTCBB as a publicly reporting and filing company with the Securities and Exchange Commission, having reached the public markets via an SB-2 Registration of the Company's stock. The Company has identified a market maker interested in submitting a 15c211 application on behalf of the Company and will be actively pursuing a listing.
"Management strongly believes that a listing on the Over the Counter Bulletin Board market will attract additional investors and market makers to the Company's stock," remarked Company President Carl Ceragno, "which will be more beneficial overall to the Company's valuation and future business prospects. We have a lot of promising opportunities and developments in the pipeline and the Company has a desire to keep listing itself on more highly recognized exchanges as, and when, the Company meets the criteria for being listed on such exchanges, with a hopeful listing on the Nasdaq or Amex as the ongoing developments of the Company warrants."
This news release contains forward-looking statements regarding CRI's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the Internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and CRI disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in CRI's expectations or future events.
For more information related to this release, please contact:
Communications Research, Inc. Carl R. Ceragno, President 67 Ramapo Valley Road, Suite 103 Mahwah, New Jersey 07430 Telephone 201 684-0880 FAX 201 684-0884 www.cri-inc.biz