WEST CHESTER, Pa., May 31, 2007 — ComCam Inc. (OTC Bulletin Board: CMCA) ("Company"), a developer of enterprise video networking solutions through its wholly owned subsidiary ComCam International, Inc., announced that effective May 31 the Company's securities will be removed from quotation on the OTCBB for failure to report in a timely manner.
According to ComCam's CEO, Don Gilbreath, "Since 2002 we have managed to juggle the costs and associated burdens of the reporting requirements of OTCBB issuers. However, we have been late three times in our financial reporting over the last 24 months in violation of NASD Rule 6530. Despite this setback the Company intends to remain current in its reporting obligations over the next 12 months at the end of which time we will be eligible again for quotation on the OTCBB. Until then the Company will still be quoted on http://www.pinksheets.com as (CMCA) as well as on Deutsche Borse (WKN 982493)."
The Company develops network video command-and-control products and provides solutions and technical services to US government agencies, Fortune 500 companies, research facilities and original equipment manufacturers, systems integrators and dealers worldwide. Its vision is to augment technologies not only to communicate better with each other but also to enhance human communications employing these technologies.
A number of statements contained in this press release may be considered to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be acceptable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including timely development, market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. The Company encourages the public to read the information provided here in conjunction with its most recent filings on Form 10KSB and Form 10QSB. ComCam's public filings may be viewed at http://www.sec.gov
Contact:
David Rosen
V.P., Corporate Development
ComCam International, Inc.
Tel. 610.436.8089
Email
# # #