COMMUNICATIONS RESEARCH, INC. ANNOUNCES PUBLIC TRADING OF ITS STOCK TO COMMENCE
COMMUNICATIONS RESEARCH, INC. ANNOUNCES PUBLIC TRADING OF ITS STOCK TO COMMENCE
MAHWAH, NEW JERSEY July 9, 2003 --Communications Research, Inc. (OTC-CRHI) today announced trading on their common stock has commenced on the Over-the-Counter Pink Sheets under the trading symbol CRHI.
Communications Research, Inc. spun off from Visual Telephone International, on May 21, 1999 as an independent company, once again. During this time the company spent a considerable amount of time and money to register the company with the Securities and Exchange Commission (SEC) and receive a trading symbol from NASD on the OTC Bulletin Board.
In the early part of this year a decision was made to revise our filing and list the company on the OTC Pink Sheets, with continuance as a fully reporting company, while the application process for the BBX. was resolved. With the recent announcement by NASDAQ, that plans to roll out the BBX are officially terminated, the company will be trading on the Pink Sheets until officially approved to move up to the Bulletin Board.
Shortly, shareholders of record shall receive a packet by US Mail which includes an authorization letter and information pertaining to release of the remaining half of their stock distribution from the spin-off.
Carl R. Ceragno, President, Communications Research commented "While we have worked hard and done well for these past years in light of the economic conditions, we need additional revenue to accelerate our growth, replace old outdated equipment and provide a war chest for funding newer and larger projects. With this we can aggressively grow by attracting new clients and competitively winning larger projects we are fully capable of handling.
"We additionally intend to jump our competitive position by acquisition, that is purchase established companies with a client base and bring them under our umbrella to expand our reach. We hope our shareholders will recognize our potential and growth strategy to be an active part of our future and theirs."
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 press 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
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