| [September 07, 2004] |
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New Visual Removes Its Trading Symbol from Berlin Exchange
SAN DIEGO --(Business Wire)-- Sept. 7, 2004 -- New Visual Corporation (OTCBB:NVEI), an emerging provider of semiconductors to the broadband telecommunications industry, announced today that it has successfully had its stock removed from trading on the Berlin Stock Exchange. On June 22, 2004, the company learned that it was listed on the Berlin Exchange for trade without its request, approval or knowledge. The company immediately demanded that the Berlin Exchange cease trading. On July 15, 2004, the Berlin Exchange complied with this request.
During 2004 the U.S. restricted so-called "naked short selling." This restriction does not apply to stocks that are listed on the Berlin Stock Exchange. "The Over-the-Counter Bulletin Board is where we trade currently, and we intend to remain on it until we have reached our goals and trade on the NASDAQ or AMEX," stated Brad Ketch, President and CEO of New Visual Corporation.
About New Visual Corporation
Based in San Diego, New Visual is a late-development-stage fabless communications semiconductor company. It is developing an advanced technology that allows data to be transmitted at greater speed and across extended distances over existing copper wire. For more information, visit www.newvisual.com.
With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings.
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