Fusion Common Stock Trades on the Over the Counter Bulletin Board
NEW YORK, June 18
NEW YORK, June 18 /PRNewswire-FirstCall/ -- Fusion (OTC Bulletin Board: FSNN)
today announced the listing of its common stock on the Over the Counter
Bulletin Board (OTCBB) under the symbol FSNN.OB. The OTCBB listing follows the
Company's June 8, 2009 filing of Form 25 with the Securities and Exchange
Commission relating to the voluntary delisting of its securities from the NYSE
Amex Exchange and its de-registration from Section 12(b) of the Exchange Act.
The delisting from the NYSE Amex Exchange became effective at the opening of
trading today and the Section 12(b) deregistration is expected to become
effective on or before September 7, 2009.
The Company's Common Stock Purchase Warrants are expected to trade
over-the-counter on the Pink Sheets under the symbol FSNNW.PK. Given the
relatively light trading volume of the warrants and their expiration in less
than one year, the Company believes that investors will be adequately served
by alternative trading in the "pink sheets" for those securities, and
anticipates no interruption in their trading.
The Company intends to continue to comply with reporting requirements (e.g.,
10-K, 10-Q, 8-K) under the Exchange Act.
Fusion is a new breed of communications carrier, dedicated to providing a full
range of advanced, IP-based voice and data solutions to corporate and carrier
customers worldwide. The Company provides hosted IP-PBX applications, SIP
trunking services, voice traffic termination, private networks, Internet
access and a full suite of enhanced features and services.
For more information, please go to http://www.fusiontel.com.
Statements in this Press Release that are not purely historical facts,
including statements regarding Fusion's beliefs, expectations, intentions or
strategies for the future, may be "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. All forward-looking
statements involve a number of risks and uncertainties that could cause actual
results to differ materially from the plans, intentions and expectations
reflected in or suggested by the forward-looking statements. Such risks and
uncertainties include, among others, introduction of products in a timely
fashion, market acceptance of new products, cost increases, fluctuations in
and obsolescence of inventory, price and product competition, availability of
labor and materials, development of new third-party products and techniques
that render Fusion's products obsolete, delays in obtaining regulatory
approvals, potential product recalls and litigation. Risk factors, cautionary
statements and other conditions which could cause Fusion's actual results to
differ from management's current expectations are contained in Fusion's
filings with the Securities and Exchange Commission and available through
(Logo: http://www.newscom.com/cgi-bin/prnh/20050705/NYTU073LOGO )
FUSION Philip Turits, Treasurer
Damon Testaverde, Managing Director
Network 1 Financial Securities
Contact: Philip Turits, Treasurer, +1-212-201-2407, email@example.com or
Damon Testaverde, Managing Director, Network 1 Financial Securities,
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