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ORS Orsus Xelent Technolgies New Common Stock

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Share Name Share Symbol Market Type
Orsus Xelent Technolgies New Common Stock AMEX:ORS AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Orsus Xelent Trading Expected to Resume Tomorrow on a Pre-Split Basis

08/02/2011 9:07pm

Marketwired


Orsus Xelent Technolgies New Common Stock (AMEX:ORS)
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Orsus Xelent Technologies, Inc. ("Orsus" or the "Company") (NYSE Amex: ORS) reported that, as authorized by shareholders at the Company's annual meeting in December, the Company's board of directors approved a 1:12 reverse split of the Company's issued and outstanding shares which was to have been effected today. The Company learned late yesterday, however, that the necessary filings to effectuate the reverse split could not be completed, resulting in what the Company believes is a temporary postponement of the reverse split.

Under the circumstances, the NYSE Amex exchange halted trading in the Company's common stock today, but indicated that trading will resume tomorrow (Wednesday, February 9) on a pre-split basis. The Company is working to complete the reverse split process and expects the reverse split to be effective in the near future.

About Orsus Xelent Technologies, Inc.

Incorporated in the State of Delaware and headquartered in Beijing, China, Orsus Xelent Technologies, Inc. is an emerging designer and manufacturer of award-winning mobile phones for the Asian market, primarily the People's Republic of China ("PRC"). The Company's business encompasses the design of mobile phones, related digital circuits, and software development, and it is a recognized pioneer in mobile phone integration technology. It introduced the region's first wristwatch-style cellular phone, and it continues to break new ground with state-of-the-art phones that include advanced features such as fingerprint recognition and touch-screen displays. The Company also is focused on developing and marketing, under its Proxlink trademark, special application mobile phones for specialized users in a wide variety of professions in business and government. Since the Company's launch in 2004, it has established "Orsus" as a popular brand and achieved a significant share of the world's largest mobile phone market. It maintains more than 179 service call centers across the PRC, with additional offices in Shanghai, Hong Kong, Shenzhen, and Tianjin. For more information, please visit the Company's web site: www.orsus-xelent.com.

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission.

Contact: PRC Orsus Xelent Technologies, Inc. Guoji Liu CEO Tel: 010-85653777 Fax: 010-85653666

1 Year Orsus Xelent Technolgies New Common Stock Chart

1 Year Orsus Xelent Technolgies New Common Stock Chart

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1 Month Orsus Xelent Technolgies New Common Stock Chart

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