N@N

Cistera Networks, Inc.: Cistera Networks Files Schedule 14C -- Reverse/Forward Split

^{Published on 2009-06-25 13:49:54, Last Modified on 2009-06-25 13:50:30 - Market Wire}
 

PLANO, TX--(Marketwire - June 25, 2009) - Cistera Networks® (OTCBB: [ CNWT ]), a leading provider of enterprise application platforms and engines for Unified Communications, today announced the filing of an Information Statement informing stockholders of its intention to reverse, then forward split its common shares. The company received the written consent for these actions from stockholders of 11,431,187 shares, representing 65.6% of the company's outstanding shares. This action will eliminate holders of one and two share positions, thereby reducing the number of stockholders to fewer than 300.

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.