RNKE - Roanoke Technology Corp. (fka rnke)

[jmhollen]

RNKE -Roanoke Technology Corp. to Withhold 50 Million Shares to Reduce Float for Shareholder Benefit

Business Editors/High-Tech Writers

ROANOKE RAPIDS, N.C.--(BUSINESS WIRE)--Jan. 2, 2004--Roanoke
Technology Corp. (OTCBB:RNKE) announced that the issuance of a block
of 50,000,000 shares of stock, within the active "float" of the
company, has been suspended indefinitely to reduce the amount of
shares in the float; this should make shorting Roanoke Tech stock more
difficult.

This should also benefit loyal shareholders as it is expected to
reduce the "shorting" of shares that, as previously reported, has been
fairly prevalent.

RNKE CEO Mr. David Smith commented "We would like our loyal
shareholders to know that these 50,000,000 and that the company will
continue to be vigilant and take appropriate action to protect
shareholder interest as and when necessary."

CONTACT: Roanoke Technology Corp.
David L. Smith, 252-537-9222

KEYWORD: NORTH CAROLINA
INDUSTRY KEYWORD: SOFTWARE HARDWARE
SOURCE: Roanoke Technology Corp.