LOS ANGELES, May 3, 2000 (BUSINESS WIRE) -- Vertical Computer Systems, Inc. (OTCBB:VCSYE) announced today that it is now in compliance with all requirements for continued listing on the Over The Counter Bulletin Board. In association with the Company becoming compliant with SEC reporting requirements the Company's stock symbol will resume its original trading symbol of "VCSY". The current stock symbol is VCSYE.
On May 2, 2000 the Company completed and filed its 8-K, reporting its merger with Scientific Fuel Technology, Inc. ("Scientific"), a 1934 Act fully reporting company. Pursuant to the merger and under the provisions of Rule 12g-3 of the Exchange Act, Vertical Computer Systems, Inc. assumed the reporting obligations of Scientific, by electing successor issuer status to Scientific, which causes Vertical Computer Systems, Inc. to become a fully reporting company.
Vertical Computer Systems, Inc. is a multi-lingual portal provider, and e-commerce solutions company, based in the United States. The Company provides a full range of Internet services that include building e-commerce solutions nationally and internationally, distributing content via its multi- lingual portal network (http://www.TheChinaBridge.com); and Internet services (http://www.thepostmaster.net). Through its majority-owned subsidiary, Externet World, Inc., the Company provides online shopping services (http://www.ShoppingInternet.com) and proprietary online gaming software (http://www.ccpsoftware.com). Vertical Computer Systems is committed to building e-commerce communities on the Internet in the Americas, Europe, Asia and Pacific Rim.
SOURCE: Vertical Computer Systems, Inc.