CE Software, Inc. - Press Releases & Announcements
FOR IMMEDIATE RELEASE, Wednesday, January 07, 2004
"CE Software Stock is Not Worthless" States Company President
WEST DES MOINES, Iowa, January 7, 2004 - CE Software, Inc. (OTC Symbol: CESF) announces that there has been a significant mix-up on the status of the company's outstanding stock.
John S. Kirk, CE Software's President, stated that the company's former transfer agent, Wells Fargo, sent a letter to the Depository Trust Clearing Corporation ("DTC") that our stock was "worthless, null and void." This caused DTC to notify all stockbrokers to remove our stock from their customer accounts and return it to DTC for cancellation. We are working with First American Bank of Des Moines, IA, our new transfer agent, and DTC to resolve this problem. DTC informs us that both our old and our new transfer agents are cooperating and that the shares will be restored to our stockholder's brokerage accounts.
"Without any implication as to the value of our stock," John S. Kirk, President, said, "I can state that we have approximately $580,000 in cash and no long or short term debt except payables and accruals in the ordinary course of business with about 14,483 shares outstanding. We are certainly not 'worthless, null and void.'"
For more information, please contact CE Software's president, John S. Kirk at email@example.com
Future shareholder communications on this matter and other matters will be available at www.cesoft.com in the Press section of our Web site.
Since 1981, CE Software, Inc. has developed productivity software, automation utilities and e-mail software that save time and effort for millions of Microsoft Windows and Macintosh users. For more information: (515) 221-1801 or www.cesoft.com
© Copyright 2004 CE Software, Inc. All rights reserved. QuicKeys and QuickConference are U.S. registered trademarks of CE Software, Inc. InOut Tracker Trans Lucy, CE Software, CE and the CE Software logo are trademarks of CE Software, Inc. All other brand or product names are trademarks of their respective owners.