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Wed, June 17, 2009Tue, June 16, 2009Mon, June 15, 2009Cistera Networks Inc. Cistera Networks Files Schedule 14 C-- Reverse Forward Split
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Published in Science and Technology on Thursday, June 25th 2009 at 13:49 GMT, Last Modified on 2009-06-25 13:50:30 by Market Wire🞛 This publication is a summary or evaluation of another publication
PLANO, TX--(Marketwire - June 25, 2009) - Cistera Networks® (
Once the splits are accomplished, the Company intends to terminate the registration of its shares with the SEC, thereby eliminating its obligations to file current and periodic reports with the SEC, and the associated, significant costs of Sarbanes-Oxley compliance. Because of the deregistration, the shares will no longer be eligible for quotation on the OTCBB, but the company anticipates that it will be quoted on the Pink Sheets, and intends to provide current company information through the Pink Sheets News Service.
"The company is current on its filings obligations under the Securities Exchange Act," commented Greg Royal, Cistera's CEO. "This voluntary move is part of a larger plan aimed at reducing costs and focusing expenses on growing the business and increasing shareholder value."
About Cistera Networks, Inc.
Cistera Networks is a leading provider of enterprise communications platforms and services. The company blends powerful application infrastructure with industry-specific business processes, to deliver the benefits of voice, video and data convergence to the user. For more information, please see [ www.cistera.com ]
This release may be deemed to contain forward-looking statements that are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of Cistera Networks that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by Cistera Networks with the SEC, specifically the most recent reports on Form 10-K and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.