Cogent Communications Announces 1-for-20 Reverse Stock Split
19 2월 2005 - 6:15AM
PR Newswire (US)
Cogent Communications Announces 1-for-20 Reverse Stock Split
WASHINGTON, Feb. 18 /PRNewswire-FirstCall/ -- Cogent Communications
Group, Inc. (AMEX:COI), a leading facilities-based provider of
low-cost, high speed Internet access and Internet Protocol
Communications services, has announced that its board of directors
has approved a 1-for-20 reverse stock split of all outstanding
shares of the company's common stock, par value $0.001 per share.
This reverse stock split follows the conversion of all shares of
the company's preferred stock to shares of common stock. After the
reverse stock split, the company will have approximately 32.4
million outstanding shares of its common stock. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO ) The
company has filed a preliminary Information Statement on Form 14C
with the Securities and Exchange Commission regarding the reverse
stock split. The split will be effected after the Information
Statement has been mailed to the company's stockholders and the
applicable waiting period has expired. About Cogent Communications
Cogent Communications (AMEX:COI) is a multinational, Tier 1
facilities- based ISP that specializes in providing businesses with
high speed Internet access and point-to-point transport services.
Cogent's facilities-based, all- optical IP network backbone spans
11 countries and provides IP services in markets located in North
America and Europe. Since Cogent's inception, Cogent has exploited
the benefits that IP technology provides, building one of the
largest and highest capacity IP networks in existence. This network
enables Cogent to offer large bandwidth connections at highly
competitive prices. Network ownership also enables Cogent to offer
superior customer support through the ability to control service
delivery and network monitoring end-to-end. Cogent Communications
is headquartered at 1015 31st Street, NW, Washington, D.C. 20007.
For more information, visit http://www.cogentco.com/. Cogent
Communications can be reached in the United States at (202)
295-4200 or via email at . Information in this release may involve
expectations, beliefs, plans, intentions or strategies regarding
the future. These forward-looking statements involve risks and
uncertainties. All forward-looking statements included in this
release are based upon information available to Cogent
Communications Group, Inc. as of the date of the release, and we
assume no obligation to update any such forward-looking statement.
The statements in this release are not guarantees of future
performance and actual results could differ materially from our
current expectations. Numerous factors could cause or contribute to
such differences. Some of the factors and risks associated with our
business are discussed in Cogent's registration statements filed
with the Securities and Exchange Commission and in its other
reports filed from time to time with the SEC.
http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO
http://photoarchive.ap.org/ DATASOURCE: Cogent Communications
Group, Inc. CONTACT: Public Relations: Jeff Henriksen, +
1-202-550-5493, , or for Investor Relations: Ried Zulager,
+1-202-295-4274, , both of Cogent Communications Group, Inc. Web
site: http://www.cogentco.com/
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