Y3K Secure Entp Sftw (NASDAQ:YTHK)
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Y3K Announces Effectiveness of SB-2
BELLEVUE, WA, May 14 /PRNewswire-FirstCall/ -- Y3K Secure Enterprise Software,
Inc., (OTC/BB: YTHK), an end-to-end unified communications and technologies
company serving the small to medium business and residential market, announced
today that the Securities and Exchange Commission had declared its Form SB-2
Registration Statement effective as of 3:00 p.m. Eastern Standard Time on May
14, 2004. The registration statement relates to the resale by selling security
holders of its common stock, including shares issued to Cornell Capital
Partners, L.P under its $20,000,000 Standby Equity Distribution Agreement with
Cornell. The Company will not receive any proceeds directly from the resale of
the Common Stock.
About Y3K Secure Enterprise Software (http://www.ythk.com/)
Y3K Secure Enterprise Software, Inc. is a provider of end-to-end unified
communication technologies for the small- to medium-business market. Y3K
utilizes secure next-generation voice services, instant messaging, data
transfer, internet, conference calling and enterprise software to design
solutions to meet the communication needs of today's business world.
Through the integration of web based telecommunications and cutting edge
software technology, Y3K economically delivers secure unified communication
solutions that break down distance, time and media barriers to allow people to
communicate anywhere, anytime and across multiple mediums. Y3K has offices in
Bellevue and Seattle, Washington.
This report includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. The information in this news release includes
certain forward-looking statements that are based upon assumptions that in the
future may prove not to have been accurate and are subject to significant risks
and uncertainties, including statements as to the future performance of the
company. Although the company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance that such
expectations or any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not limited to,
successful performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic risks and
uncertainties.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these securities in any state in
which such offer or sale would be unlawful prior to registration or
qualification under the securities law of any such state.
Contact: Jennifer Stephens, Investor Relations,
DATASOURCE: Y3K Secure Enterprise Software, Inc.
CONTACT: Jennifer Stephens, Investor Relations,