Virage Transfers Stock Listing to The NASDAQ SmallCap Market
SAN MATEO, Calif. - July 9, 2003 - Virage, Inc. [NASDAQSC: VRGE], a leading provider of video and rich media communication software, today announced that it has transferred from The NASDAQ National Market to The NASDAQ SmallCap Market. Virage's common stock will continue trading under its current symbol: VRGE.
About Virage
Established in 1995, Virage is a leading provider of video and rich media communication software. Virage builds integrated rich media business solutions for corporations, media & entertainment companies, universities and government agencies worldwide. Headquartered in San Mateo, California, Virage (www.virage.com) has offices throughout the United States and Europe.
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Forward Looking Statements
This press release contains "forward-looking" statements about the products and services of Virage, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are denoted by such words as "will continue trading", and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties, which could cause actual results to differ materially. There is no assurance that the company's common stock will reach the $1.00 per share bid price required to maintain a listing on either The NASDAQ SmallCap or The NASDAQ National Market beyond the applicable compliance period(s). In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including but not limited to our annual report on Form 10-K and 10-Q filings, available online at www.sec.gov. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Virage and VideoLogger are registered trademarks of Virage, Inc. The Virage logo, SmartEncode, VS Webcasting, VS Publishing, VS Production, MediaSync, Virage ControlCenter, ScreenCast and Virage Solution Server are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
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