Cambex Corporation Announces Form 15 Filing

  
    
  
  
    
      Cambex Corporation (OTCBB:CBEX) today announced that it has filed a Form 
      15 with the Securities and Exchange Commission. Cambex is eligible to 
      suspend registration because it has fewer than 500 holders of record of 
      its common stock and its total assets have not exceeded $10 Million on 
      the last day of its last three fiscal years. As a result of filing the 
      Form 15, the Company will no longer be required to file annual and 
      quarterly reports with the Securities and Exchange Commission. “The 
      Company took this action because it believes that the incremental cost 
      of compliance with the Sarbanes-Oxley Act of 2002 and other public 
      company reporting requirements is not in the best interest of its 
      shareholders. Rather it will focus on and spend its resources to market 
      its High Availability Software and VersaCache technologies ” 
      said Joseph F. Kruy, Chairman and CEO of Cambex.
    
    
      About Cambex Corporation
    
    
      Cambex has been supplying high-performance, high-availability memory and 
      storage solutions for over 35 years for a wide variety of corporate 
      applications. Our solutions are designed to optimize the performance of 
      storage networks. Fibre Channel products include FibreQuik™ 
      Host Bus Adapters and Dynamic Path Failover™ 
      software. Memory products include upgrades for IBM, Sun, and HP UNIX 
      servers. Products are sold directly and through qualified resellers, 
      integrators and OEMs. Cambex is headquartered in Westborough, 
      Massachusetts and can be reached at [phone] or on the World Wide 
      Web at www.cambex.com.
    
    
      Forward-looking statements are made in this release pursuant to the safe 
      harbor provisions of the Private Securities Litigation Reform Act of 
      1995. Investors are cautioned that all forward looking statements are 
      subject to risks and uncertainties, including, without limitation, the 
      timing of new announcements or product introductions by the Company and 
      its competitors, the hiring and retention of key employees, competitive 
      pricing pressures, dependence on third parties for components and 
      products, general economic conditions in the United States and 
      international markets, and the risk factors detailed from time to time 
      in the Company's periodic reports and registration statements filed with 
      the Securities and Exchange Commission.
    
    
      TRADEMARKS: FibreQuik and Dynamic Path Failover are trademarks of Cambex 
      Corporation. All other products or company names mentioned are used for 
      identification purposes only, and may be trademarks of their respective 
      owners.