AI
Monday, April 23, 2001 2:44:58 PM
booktech.com Common Stock Temporarily Frozen
WOBURN, Mass.--(BUSINESS WIRE)--April 23, 2001--As of today, the American Stock Exchange (AMEX) halted trading of booktech.com (AMEX:BTC) common stock.
According to CEO Dr. Morris A. Shepard, AMEX exchange officials telephoned Shepard to say AMEX was "halting trading because the company was late in filing its 10K, as is their policy." AMEX also said that they were "aware that booktech.com has recently secured $10 million in funding to continue the development of the Company's operations."
Further, Dr. Shepard said "the late filing was related to a shortage of funds to fully engage our auditors. However, the funds should be available in the next day or so, and the auditors will be engaged at that time. We intend to have the 10K completed within about two to three weeks. At that time we expect to be trading again. In the interim the company continues to serve its clients."
About booktech.com
booktech.com (www.booktech.com) is a digital and online publisher of customized textbooks, coursepackets, and other educational materials for higher education, K-12, distance education, non-profit organizations, and corporate training. Since its inception in 1995, booktech.com has published 7,000 individual customized textbook titles for more than 3,000 professors on 500 campuses, in addition to a dozen K-12 titles such as Breaking the Spanish Barrier and Trade Routes. Company shares have traded on the American Stock Exchange since April 5, 2000 (AMEX: BTC).
CONTACT: Olivia Communications
Jason Sundar, 866/623-3320
or
booktech.com
Patrick McHugh, 781/376-6364
****************
Deloite & Touche is "..on the case..", so this should work out fairly well......
John
WOBURN, Mass.--(BUSINESS WIRE)--April 23, 2001--As of today, the American Stock Exchange (AMEX) halted trading of booktech.com (AMEX:BTC) common stock.
According to CEO Dr. Morris A. Shepard, AMEX exchange officials telephoned Shepard to say AMEX was "halting trading because the company was late in filing its 10K, as is their policy." AMEX also said that they were "aware that booktech.com has recently secured $10 million in funding to continue the development of the Company's operations."
Further, Dr. Shepard said "the late filing was related to a shortage of funds to fully engage our auditors. However, the funds should be available in the next day or so, and the auditors will be engaged at that time. We intend to have the 10K completed within about two to three weeks. At that time we expect to be trading again. In the interim the company continues to serve its clients."
About booktech.com
booktech.com (www.booktech.com) is a digital and online publisher of customized textbooks, coursepackets, and other educational materials for higher education, K-12, distance education, non-profit organizations, and corporate training. Since its inception in 1995, booktech.com has published 7,000 individual customized textbook titles for more than 3,000 professors on 500 campuses, in addition to a dozen K-12 titles such as Breaking the Spanish Barrier and Trade Routes. Company shares have traded on the American Stock Exchange since April 5, 2000 (AMEX: BTC).
CONTACT: Olivia Communications
Jason Sundar, 866/623-3320
or
booktech.com
Patrick McHugh, 781/376-6364
****************
Deloite & Touche is "..on the case..", so this should work out fairly well......
John
.......According to the Great Pumpkin, ".....You're in .....iHub....., Charlie Brown....."!!!
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