Advantego (CE) (USOTC:ADGO)
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Adams Golf, Inc. (OTCBB: ADGO pre split, OTCBB: ADGF post split) today
announced that, on February 15, 2008, the Over-The-Counter Bulletin Board’s
Corporate Actions group approved the Company’s
one-for-four reverse stock split. Additionally, the state of Delaware
approved the Company’s Certificate of
Amendment to its Certificate of Incorporation. The Company has been
informed by the Over-The-Counter Bulletin Board that its trading symbol
has changed from ADGO to ADGF. The Company’s
common stock should begin trading on a split-adjusted basis on the
Over-The-Counter Bulletin Board on or about February 19, 2008.
As stated previously, in conjunction with the reverse stock split, the
Company has submitted an application for listing its common stock on the
NASDAQ Capital Market. The application is subject to review and approval
by NASDAQ’s Listing Qualifications Department.
The Company hopes to complete the listing on NASDAQ’s
Capital Market by the end of the first quarter of 2008, however, there
can be no assurance that the Company’s common
stock will be approved for listing on any of the markets operated by
NASDAQ.
This press release contains "forward-looking statements" made under the
"safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. The statements include, but are not limited to, statements
regarding using terminology such as "may," "expect," "intend," “hopes,”
"estimate," "anticipate," "plan," "seek," “feel,”
“continued,” “continue”
or "believe." Such statements reflect the current view of the Company
with respect to future events and are subject to certain risks,
uncertainties and assumptions related to certain factors including,
without limitation, the following: the ability of the Company to satisfy
the initial listing bid price requirement for the proposed NASDAQ
listing, Nasdaq approval of the listing, increased investor audience,
interest or valuation, and events and other factors detailed under "Risk
Factors" in our Securities and Exchange Commission filings. These
filings can be obtained by visiting the corporate governance section of
our website at www.adamsgolf.com
or by contacting Adams Golf Investor Relations at InvestorInfo@adamsgolf.com.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to be correct. Based upon changing
conditions, should any one or more of these risks or uncertainties
materialize, or should any underlying assumptions prove incorrect,
actual results may vary materially from those described herein. Except
as required by federal securities laws, Adams Golf undertakes no
obligation to publicly update or revise any written or oral
forward-looking statements, whether as a result of new information,
future events, changed circumstances or any other reason after the date
of this press release. All subsequent written and oral forward-looking
statements attributable to the Company or persons acting on its behalf
are expressly qualified in their entirety by the applicable cautionary
statements.