Summus Works, Inc. New Ticker Symbol SMMW Effective Today Tuesday February 28, 5:55 am ET
STOWE, Vt.--(BUSINESS WIRE)--Feb. 28, 2006--Summus Works, Inc. (Pink Sheets:SMMW - News) announced the Company's common stock will be traded under the new ticker symbol SMMW effective at the open of the market today. "Our name and ticker symbol changes are vital marks of the Company's identity, shaping our vision as we chart Summus Works' future throughout the outdoor sports and media industries," said Summus Works President Dan Burgess. ADVERTISEMENT
Summus Works, Inc. (Pink Sheets:SMMW - News) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact: Summus Works, Inc. Dan Burgess, 802-253-0199 summus*summusworks.com www.summusworks.com
-------------------------------------------------------------------------------- Source: Summus Works, Inc.
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quote:Originally posted by 7 of 9: SMMW is still a 100B share shell
soon to be 200B
lol----they just reduced the authorized from 100 billion down to 80 billion-try again. You can maybe still get in before the big run, there is no need to bash.
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quote:Originally posted by APJEMI: As per Scottrade, they said the new symbol may not show yet because it is a penny stock. I will be glad when it changes on my investment list.
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from another board----Posted by: BIG MILLION HOLDER In reply to: None Date:2/28/2006 4:55:11 PM Post #of 1225
Got some information about todays trading from TdAmeritrade.
They stated that if you own this stock in TD waterhouse/Ameritrade you were not able to trade it today, because of the effective date being today, and it could take up to a few days before it could be setteled between symbols.
He also stated that if you were to trade it before the back office updated your account via broker or what ever it's considered shorting the stock.
So that's probally the reason we had such a low volume day, well 50 million is not low, but compared to what we been having.
Look for probally some huge volume in the next few days. He stated it might be updated tomorrow, and it might not
so for those of you who was trying to buy, that might also be part of the problem in which no orders were filled, because the brokers would have to short the stock to fill your order, and they don't want to be caught short on this running BABY!!!!!!!!!!
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I can still not trade this stock! What is with this changeover? My Scottrade account still shows this position as PRRM# and will not let me trade it!!!
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Now I am showing the price at 0 and the ask at .0001! Does anyone know what the deal is with this? It's my birthday today and this is NOT a very good present!lol...
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Summus Works, Inc. Developing Television Markets, Continuing Network Expansion Mar 2, 2006 7:55:00 AM Copyright Business Wire 2006 STOWE, Vt.--(BUSINESS WIRE)--March 2, 2006--
Summus Works, Inc. (Pink Sheets:SMMW) announced that in line with the Company's VVV policy, its media division is developing television broadcast markets in the states of Colorado and Montana. The company's vision of subscriber base (or "sub base") expansion calls for the establishment or acquisition of existing cable broadcast and/or low power television ("LPTV") stations on which to air the Company's original programming with that of RSN. RSN is a national resort sports network based in Portland, Maine. Summus Works recently launched its wholly owned subsidiary RSN, Steamboat TV-18, in Steamboat Springs, Colo., on Comcast Communications (Nasdaq:CMCSK) (Nasdaq:CMCSA) cable network, the Company is looking for new markets to develop. "Our plan necessitates the expansion of our own sub base to increase the value of our broadcast inventory across a larger network of specifically targeted markets, and so, demographics," explained Steamboat TV-18's Nathan Pickens. He further explained the relationship between the size of a network's subscriber base and its CPM (cost per thousand) impressions available to advertisers. The two markets the Company is targeting have a combined existing advertising inventory valued in excess of $2.5 million, excluding sponsorship, product placement, etc.
Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com. For more information on RSN, visit www.rsn.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Source: Summus Works, Inc.
---------------------------------------------- Summus Works Inc. Dan Burgess 802-253-0199 summus*summusworks.com www.summusworks.com
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He further explained the relationship between the size of a network's subscriber base and its CPM (cost per thousand) impressions available to advertisers. The two markets the Company is targeting have a combined existing advertising inventory valued in excess of $2.5 million, excluding sponsorship, product placement, etc.
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