Intrusion (NASDAQ:INZCD)
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Intrusion Inc. Announces Nasdaq Compliance Notification and
Trading Symbol Change
RICHARDSON, Texas, April 20 /PRNewswire-FirstCall/ -- Intrusion Inc. ,
("Intrusion") today announced that Nasdaq has informed the Company of evidence
of compliance with the current requirement necessary for continued listing on
The Nasdaq SmallCap Market, as set forth in the Nasdaq Listing Qualifications
Panel decision dated January 16, 2004, subject to filing the Company's 10-Q on
or before May 15, 2004 evidencing stockholders equity of at least $2.5 million
at March 31, 2004. The Company believes it will satisfy this requirement based
on the closing of its $5.0 million private placement on March 25, 2004.
Effective with the opening of trading on April 21, 2004, the Company's symbol
will change from INZCD to INTZ.
About Intrusion Inc.
Intrusion Inc. is a leading global provider of the Intrusion SecureNet(TM) line
of leading network intrusion prevention, intrusion detection and regulated
information compliance products, as well as deployment technologies and
security services for the information-driven economy. The Intrusion
SecureNet(TM) family of network security products for governments and
enterprises help protect critical information assets by quickly detecting,
analyzing and responding to attacks and the misuse of classified and regulated
information. Associated Intrusion SecureNet(TM) Intrusion Detection(R)
services provide unique value to governments and enterprises in protecting
information assets. For more information, please visit
http://www.intrusion.com/ .
This release, other than historical information, may include forward- looking
statements regarding future events or our future performance, including,
without limitation, statements relating to our ability to maintain compliance
with the terms of our conditional listing with Nasdaq and the continued listing
requirements of The Nasdaq SmallCap Market. These statements are made under
the "safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 and involve risks and uncertainties which could cause actual results to
differ materially from those in the forward looking statements, including,
without limitation, our ability to meet the stockholders equity condition for
continued listing on The Nasdaq SmallCap Market within the specified times, our
ability to comply with all Nasdaq's continued listing requirements currently
and in the future as well as other risks and uncertainties identified in our
Annual Report on Form 10-K and other filings with the SEC. Copies of these
filings can be obtained from our Investor Relations department.
Financial Contact
Michael L. Paxton, VP, CFO
972.301.3658,
Media Contact
Ryon Packer, VP
972.664.8072,
http://www.newscom.com/cgi-bin/prnh/20030703/INTRUSIONLOGO
http://photoarchive.ap.org/
DATASOURCE: Intrusion Inc.
CONTACT: financial, Michael L. Paxton, VP, CFO, +1-972-301-3658, or
, or media, Ryon Packer, VP, +1-972-664-8072, or
, both of Intrusion Inc.
Web site: http://www.intrusion.com/