Patron Reverse Stock Split to be Effective Friday 8/4/06 and Trading to Begin Under New Symbol (OTCBB: PTRN)
04 August 2006 - 6:42AM
PR Newswire (US)
BOULDER, Colo., Aug. 3 /PRNewswire-FirstCall/ -- Patron Systems,
Inc. (OTC:PTRS) (BULLETIN BOARD: PTRS) , a leading provider of
enterprise software to create, manage and share electronic forms
and messages, was informed today by the NASDAQ that Patron's
reverse stock split implementation will be effective at the opening
of trading tomorrow, Friday, August 4, 2006. Additionally, the
NASDAQ has informed Patron that its new reverse split shares will
be traded under a new trading symbol -- PTRN. About Patron Systems
Founded in 2002, Patron Systems was established to develop products
and technologies that close gaps in the management of an
organization's messaging environment. Patron's suite of Active
Message Management(TM) products addresses eform creation, capture
and sharing, and manages data in an industry standard format
(GJXDM) as well as provides solutions for email policy management,
email retention policies, archiving and eDiscovery, proactive email
supervision, and protection of messages and their attachments in
motion and at rest. Patron serves customers in highly regulated
industries such as financial services, legal, public safety and law
enforcement, healthcare, and pharmaceuticals. Further information
is available at http://www.patronsystems.com/ . Forward-Looking
Statements This release may contain statements that are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on current estimates and projections about Patron Systems'
business, which are derived in part on assumptions of its
management, and are not guarantees of future performance, as such
performance is difficult to predict. Actual outcomes and results
may differ materially from what is expressed or forecasted in
forward-looking statements due to numerous factors. Such factors
include, but are not limited to, the Company's ability to execute
effectively its business plan and acquisition strategy, changes in
the market for electronic message management solutions, changes in
market activity, the development of new products and services, the
enhancement of existing products and services, competitive
pressures (including price competition), system failures, economic
and political conditions, changes in consumer behavior and the
introduction of competing products having technological and/or
other advantages. These and other risks are described in the
Company's filings with the Securities and Exchange Commission,
which should be read in conjunction herewith for a further
discussion of important factors that could cause actual results to
differ materially from those in the forward-looking statements. The
Company assumes no obligation to update information concerning its
expectations. Patron Systems, and FormStream, are registered
trademarks of Patron Systems Incorporated. All other company and
product names belong to their respective owners. DATASOURCE: Patron
Systems, Inc. CONTACT: Sales, Martin "Tork" Johnson for Patron
Systems, cell, +1-312-543-7488, or Press, Victor Cruz,
+1-508-655-4397, Web site: http://www.patronsystems.com/
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