NYSE Suspends Trading of Tricom ADSs
12 May 2004 - 12:25AM
PR Newswire (US)
NYSE Suspends Trading of Tricom ADSs SANTO DOMINGO, Dominican
Republic, May 11 /PRNewswire-FirstCall/ -- Tricom, S.A. announced
today that the New York Stock Exchange, Inc. (NYSE) has determined
to suspend trading and pursue delisting of the Company's American
Depositary Shares (ADSs), ticker symbol TDR. The NYSE reached its
decision following the Company's financial restructuring update
announcement on May 6, 2004. The Company believes that its ADSs may
be quoted on the OTC (over-the- counter) Bulletin Board ("OTCBB")
within the next several days. The OTCBB is a regulated quotation
service that displays real-time quotes, last-sale prices and volume
information in OTC equity securities. More information about OTCBB
can be found at http://www.otcbb.com/. The Company intends to issue
a press release when such trading commences. About TRICOM Tricom,
S.A. is a full service communications services provider in the
Dominican Republic. We offer local, long distance, mobile, cable
television and broadband data transmission and Internet services.
Through Tricom USA, we are one of the few Latin American based long
distance carriers that is licensed by the U.S. Federal
Communications Commission to own and operate switching facilities
in the United States. Through our subsidiary, TCN Dominicana, S.A.,
we are the largest cable television operator in the Dominican
Republic based on our number of subscribers and homes passed. For
more information about Tricom, please visit http://www.tricom.net/.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release that are not strictly historical
in nature are forward-looking statements. These statements are only
predictions based on current information and expectations and
involve a number of risks and uncertainties. Actual events or
results may differ materially due to various factors. Factors which
may cause actual results to differ materially from those discussed
herein include economic considerations that could affect demand for
telecommunications services and the ability of the Company to make
collections, including devaluation of the Dominican peso, the
effect of the Company's default on its indebtedness, the inability
to reach an agreement with our creditors on a restructuring plan,
inflation, regulatory factors, legal proceedings, exchange controls
and occurrences in currency markets, competition, and the risk
factors set forth in the Company's various filings with the
Securities and Exchange Commission, including its more recently
filed Annual Report on Form 20-F. The Company undertakes no
obligation to revise these forward-looking statements to reflect
events or circumstances after the date hereof. DATASOURCE: Tricom,
S.A. CONTACT: Miguel Guerrero, Investor Relations of Tricom, S.A.,
+1-809-476-4044, +1-809-476-4012, or Web site:
http://www.tricom.net/
Copyright