Dionic (ASE:DION)
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Dionics, Inc. Re-Listed on OTC Bulletin Board
WESTBURY, N.Y., July 26 /PRNewswire-FirstCall/ -- Dionics, Inc. (OTC:DION)
(BULLETIN BOARD: DION) announced today that it has been granted re-listing on
the OTC Bulletin Board, effective Monday, July 19, 2004. The move comes as a
result of the Company's having cured a previous eligibility problem which, in
April 2000, resulted in its having been de-listed. Although the problem was
subsequently cured during 2002, the Company did not seek re-listing at that
time due to the pressure of dealing with severe operational difficulties
stemming from the recent recessionary business cycle.
The small semiconductor/micro-electronics manufacturer, having survived several
years of adverse business conditions, has recently been in a turnaround mode.
Earlier in the year it attracted an investment from Alan Gelband & Associates,
also hired William T. Ryan, a former Philips Lighting Company executive, as its
new V. P. for Business Development, and most recently requested shareholder
approval for an increase in its Authorized Common Shares from 5.0 million to 50
million. As explained by company president, Bernard L. Kravitz, "We lived to
fight another day, and that day has now seen us develop some exciting new
technology that we intend to apply to the fast growing market for LED-based
lighting products. Consistent with increasing shareholder value, we felt that
now was the time to seek the larger audience available to us through re-listing
on the Bulletin Board. We will be continuing our efforts to recast Dionics,
Inc. as a dynamically growing entrant in the burgeoning field of LED-based
lighting," he concluded.
WRITTEN BY DIONICS, INC. MANAGEMENT, THE PRECEDING TEXT CONTAINS
FORWARD-LOOKING STATEMENTS WHICH REFLECT MANAGEMENT'S BEST JUDGMENT OF
CURRENTLY AVAILABLE INFORMATION. SHOULD CERTAIN ASSUMPTIONS FAIL TO
MATERIALIZE, OR UNEXPECTED ADVERSE EVENTS OCCUR, THE COMPANY MAY NOT REACH
MANAGEMENT'S GOALS.
DATASOURCE: Dionics, Inc.
CONTACT: Bernard L. Kravitz, Pres. of Dionics, Inc., +1-516-997-7474,
Fax - +1-516-997-7479