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newtothis5

01/14/05 3:37 PM

#16025 RE: newtothis5 #16024

SunnComm Launches “Operation: Get Shorty”
SunnComm plans to “X-Clear” all foreign stock transactions; Company Changes Name, Receives New CUSIP Number.


PHOENIX--November 12, 2002—SunnComm Technologies, Inc. (OTC: SUNX) president and chief executive officer Peter H. Jacobs announced today that SunnComm has launched “Operation: Get Shorty,” the next phase in SunnComm’s battle to eliminate the illegal practice known as “naked short selling”.

As part of “Operation: Get Shorty,” SunnComm plans to clear and settle all foreign stock sales directly through the company’s transfer agent, a process known as “X-Clearing.” Additionally, SunnComm has officially changed its name to SunnComm Technologies, Inc. and has received a new CUSIP number from Standard & Poor’s. The company is now awaiting its new stock symbol and effective date from the NASDAQ Market Integrity Department, which the company expects to receive shortly.

“We believe that the majority of the naked short selling activity occurs through foreign brokerage transactions, primarily in Canada and Europe,” Jacobs stated. “By ‘X-Clearing’ these transactions, we will be able to monitor foreign trades to ensure, to the greatest extent possible, the legitimacy of every stock transaction. In simple terms, if the sale of SunnComm’s common stock occurs outside the U.S., the seller must have physical access to the shares being sold in order to complete the transaction. Combined with additional strategies, ‘Operation: Get Shorty’ should greatly inhibit, if not eliminate, an illegal practice that dilutes legitimate shareholders and the value of their investments through improper shorting activity and market manipulation.”

SunnComm had previously announced that on November 18, 2002, First American Stock Transfer, the company’s transfer agent, will begin the process that will culminate in all authenticated SunnComm shareholders exchanging their current SunnComm certificates for new SunnComm Technologies, Inc. replacement certificates. Current SunnComm shareholders should request a physical certificate from their brokerage firm. By doing this, each shareholder will then become the shareholder of record, which will cause the brokerage firms to require physical delivery of the shares previously purchased by the shareholder. Registered shareholders may call the company’s toll-free shareholder hot-line at (1-866-SUNNCOM) should they have questions regarding the procedure.