Company Contact:
Michael Liss
WARP Technology Holdings, Inc.
610-715-5656 mliss@warpsolutions.com
Public Relations Contact:
Domenick Cilea
Springboard Public Relations
732-863-1900 x.102 dcilea@SpringboardPR.com
For Immediate Release:
WARP Technology Holdings, Inc. Listed on the Berlin-Bremen
Stock Exchange without Authorization
NEW YORK (May 19, 2004) – WARP Technology Holdings, Inc. (OTC BB: WRPT), a leading provider of network and application acceleration software, today announced that it has been recently made aware of an unauthorized listing of its common stock on the Berlin Stock Exchange. WARP officials became suspicious that the company may have been targeted for naked shorting due to the unregulated nature of the Berlin Exchange.
WARP, along with other companies of which WARP is aware, have been subjected to this unauthorized listing. WARP’s executive team is in the process of requesting the immediate removal of the common stock from the Berlin listing.
“We have immediately instituted a plan to address the negative impact of un-regulated naked shorting on the company's reputation and stock price,” explained Gus Bottazzi, WARP’s President and CEO. As part of the plan, WARP has implemented the following:
The company, through its attorneys, will investigate the source of the listing on the Berlin Stock exchange to determine who initiated the listing application and whether such actions, without authorization violated securities laws of United States and Germany.
The company will undertake to solicit cooperation with other companies similarly situated and seek a unified effort to protect all such companies
About WARP Technology Holdings, Inc.
WARP Technology Holdings (OTC BB: WRPT) is a leading provider of network and application acceleration technology solutions. Through its subsidiaries WARP Solutions, Inc. and SpiderSoftware, Inc., and its licensing arrangement with iMimic Networking, Inc., the company offers a strategic portfolio of software and hardware solutions to significantly improve the speed, performance, and reliability of business-critical applications and content delivered over IP-based networks. For information, contact 877-688-9277.
Cautionary Statement
Statements contained herein which are not historical information are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties. Actual results could differ materially from those included in the forward-looking statements for a variety of reasons, including the level of acceptance of the WARP 2063e product by the marketplace, the ability of the product to achieve the results for which it is designed, the ability of the company to raise capital to fund operations and marketing programs for this product, competition from other approaches to application acceleration and network architecture, and other risks described in the Company’s filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
