posted
DSL.net Receives Listing Status Update From American Stock Exchange Tuesday January 3, 4:45 pm ET
NEW HAVEN, Conn.--(BUSINESS WIRE)--Jan. 3, 2006--DSL.net, Inc. (AMEX: BIZ - News), a leading nationwide provider of broadband communications services to businesses, today reported that it has been advised by staff of the American Stock Exchange (AMEX) that it intends to suspend trading in the Company's common stock effective as of the commencement of AMEX' trading session on January 9, 2006. AMEX has further notified the Company that AMEX has submitted an application to the Securities and Exchange Commission to strike the Company's common stock from listing on AMEX effective as of the opening of trading on January 10, 2006. ADVERTISEMENT
During the period of suspension, the Company's common stock is eligible to be quoted immediately by market makers on The Pink Sheets, according to that quotation system's staff advice. Further, the Company believes its common stock is eligible for quotation on the OTC Bulletin Board service (OTCBB), subject to a market maker establishing a market in the Company's common stock on such quotation service under applicable OTCBB rules. The Company has been advised by several market makers that they intend to sponsor quotation of the Company's common stock on OTCBB. On or promptly following suspension of trading on AMEX, the NASDAQ will issue a new trading symbol for the Company's common stock, which the Company will announce upon issuance.
AMEX' decision to suspend trading and pursue delisting is based on its determination that the Company is not in compliance with Section 1003(f)(v) of the AMEX Company Guide due to the low selling price of the Company's common stock, and the Company's decision to not effect a requested reverse stock split to address such low selling price nor to appeal AMEX' determinations, as previously reported. The last day of trading of the Company's common stock on AMEX prior to the suspension going into effect will be Friday, January 6, 2006.
About DSL.net
DSL.net, Inc. is a leading nationwide provider of broadband communications services to businesses. The Company combines its own facilities, nationwide network infrastructure and Internet Service Provider (ISP) capabilities to provide high-speed Internet access, private network solutions and value-added services directly to small- and medium-sized businesses or larger enterprises looking to connect multiple locations. DSL.net product offerings include T-1, DS-3 and business-class DSL services, virtual private networks (VPNs), frame relay, Web hosting, DNS management, enhanced e-mail, online data backup and recovery services, firewalls and nationwide dial-up services, as well as integrated voice and data offerings in select markets. For more information, visit www.dsl.net, e-mail info*dsl.net, or call 1-877-DSL-NET1 (1-877-375-6381).
This press release may contain 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, as amended, and, to the extent it does, these forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond DSL.net's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, these risks and uncertainties include, among other things, (i) the resulting effects of AMEX' suspension of trading in the Company's common stock and AMEX' application to de-list the Company's common stock from its exchange; (ii) the possibility that no market maker will sponsor or be authorized to sponsor the Company's OTCBB quotation; and (iii) the timing and initial and continued availability of alternative trading markets for the Company's common stock. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DSL.net undertakes no obligation, and disclaims any obligation, to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional information regarding these and other risks faced by DSL.net, see the disclosure contained under "Risk Factors'' in DSL.net's Annual Report on Form 10-K for the year ended December 31, 2004, which has been filed with the Securities and Exchange Commission.
DSL.net is a trademark of DSL.net, Inc. Other company names may be trademarks of their respective owners.
Contact: DSL.net, Inc. Joe Tomkowicz, 203-782-3885 jtomkowicz*dsl.net
posted
DSL.net Cited by National and State Groups Thursday January 5, 4:35 pm ET 2nd Straight Year Company Recognized by Deloitte Technology Program
NEW HAVEN, Conn.--(BUSINESS WIRE)--Jan. 5, 2006--DSL.net, Inc. (AMEX: BIZ - News), a leading nationwide provider of broadband communications services to businesses, today announced that it has been independently recognized as the 14th fastest growing technology company in Connecticut as part of a statewide Technology Fast 50 program organized by Deloitte and the Connecticut Technology Council.
The rankings are based on percentage of revenue growth over a five-year period (2000 to 2004). During that time, DSL.net revenue increased by approximately 285%. DSL.net was founded in 1998. The Company received its award at a reception late last year hosted by Deloitte and the Council at Fairfield University. It is the second consecutive year that DSL.net has been ranked among the state's 50 fastest growing technology companies. It is only the second year that the Company has been eligible for the five-year ranking period. DSL.net was named a Deloitte "Rising Star" in both 2002 and 2003.
"We are again honored to be recognized by Deloitte and the Council as one of the state's fastest growing technology companies," said David F. Struwas, president and chief executive officer of DSL.net. "This kind of award, together with being named again last year to the Network World 200 list of top communications and networking companies, is further evidence of the hard work and determination of our employees and the loyalty of our customers."
Alex Discepolo, a director of Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50, stated that the Fast 50 companies "have shown the strength, vision and creativity to succeed in today's very competitive technology environment. We applaud the successes of DSL.net and acknowledge it as one of the very few" to again be included among the state's Elite Fast 50 list.
For the second consecutive year, DSL.net also was listed among the prestigious Deloitte Technology Fast 500 rankings for 2005 that include companies throughout North America. DSL.net was ranked 439th on the list.
About Connecticut Technology Council
The Connecticut Technology Council is the largest and most broad-based business association expressly serving the needs of enterprises involved in areas relating to technology, innovation and the commercialization of the sciences. Representing almost 400 members and a community of some 2,500 companies and several hundred thousand employees, CTC strives to serve its members and the general interests of the State of Connecticut as they relate to the growth and success of technology-based development. For more information, visit www.ct.org.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
About DSL.net
DSL.net, Inc. is a leading nationwide provider of broadband communications services to businesses. The Company combines its own facilities, nationwide network infrastructure and Internet Service Provider (ISP) capabilities to provide high-speed Internet access, private network solutions and value-added services directly to small- and medium-sized businesses or larger enterprises looking to connect multiple locations. DSL.net product offerings include T-1, DS-3 and business-class DSL services, virtual private networks (VPNs), frame relay, Web hosting, DNS management, enhanced e-mail, online data backup and recovery services, firewalls and nationwide dial-up services, as well as integrated voice and data offerings in select markets. For more information, visit www.dsl.net, e-mail info*dsl.net, or call 1-877-DSL-NET1 (1-877-375-6381).
DSL.net's business is subject to various risks and uncertainties. For additional information on DSL.net, see its Annual Report on Form 10-K for the year ended December 31, 2004, which is on file with the Securities and Exchange Commission, including the disclosure contained under "Rick Factors" in such Annual Report.
DSL.net is a trademark of DSL.net, Inc. Other company names may be trademarks of their respective owners.
Contact: DSL.net Joe Tomkowicz, 203-782-3885 jtomkowicz*dsl.net
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
