American Multiplexer Corp (OTC:AMUT) announces that the Securities and Exchange Commission has temporarily suspended the trading of its stock for a period of two weeks starting today at 9:30 a.m. The suspension is for failing to submit their quarterly and or annual filings on a timely basis. AMUT was included with a group 25 other companies whose trading was also suspended.
American Multiplexer Corp wishes to inform their stock holders that they are already in the process completing their filings for the years 2000, 2001, 2002 and 2003. The Company has engaged an attorney and is in the process of engaging a public accounting firm to complete the required audits and filings. It is the Company's goal to complete and submit any filings as expeditiously as possible and be in compliance.
Mr. Edward Tan, CEO of AMC said, "The suspension of trading is only a regulatory issue and there are no issues regarding the health and viability of the company. We will do everything required to be in compliance as quickly as possible."
About eFotoXpress
eFotoXpress is a software utility that uses wavelet compression technology and the new JPEG2000 standard to easily compress very large images so that they may be sent by e-mail without any loss in quality. eFotoXpress is the first product that uses the new JPEG2000 standard so that compressed images may be sent via e-mail. New eFotoXpress features include talking slide show and text images and choices of print sizes. A large 80m image can easily be compressed to 80K without loss of quality.
The eFotoXpress product is an easy-to-use photo utility that compresses images with highest possible efficiency. The digital images can be sent to many different recipients with one click of a button. This product is designed to compress any high-resolution JPEG images from different digital cameras, scanners and camcorders. eFotoXpress works with many email utilities, such as Microsoft Outlook, Yahoo, and Hotmail. This utility will allow digital camera users to send more digital pictures over the Internet at a greater speed through the use of highly integrated compression technologies.
About AMC
Located in Sunnyvale, California, AMC (a publicly traded company) is a major leader in developing JPEG2000 consumer products. The company continues to invest its resources in the compression technology that addresses the digital camera market. Visit us at www.amux.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are based on current plans, estimates and projections and contain risks. Do not place reliance on them. Other factors can change these forward-looking statements and may lead to potential risks and total losses. Consult your investment advisors before making any investment in the stocks. The company is not responsible for any inaccuracies.