QADIMA, Israel and MCLEAN, Va., May 11 /PRNewswire-FirstCall/ -- SuperCom Ltd. (BULLETIN BOARD: SPCBF) (Euronext: SUP), a provider of incident management and active RFID solutions, today announced that the previously- announced change in its corporate name to "Vuance Ltd." and the previously announced 1-for-5.88235 'reverse split' of the Company's Ordinary (Common) Shares will be effective for trading purposes on May 14, 2007.
The Company's Ordinary (Common) Shares will begin trading on a post- reverse-split basis on the OTC Bulletin Board under a new stock symbol -- "VUNCF" -- when the stock market opens on May 14, 2007, and on the Euronext exchange under the symbol "VUNC". The Company intends to apply for a listing of its Ordinary (Common) Shares on The Nasdaq Capital Market when all listing requirements have been satisfied.
About SuperCom Ltd.
SuperCom Ltd. (Vuance Ltd.) provides innovative incident management and active RFID solutions to the public safety, commercial and government sectors. The Company's Incident Response Management System (IRMS) is the industry's most comprehensive mobile credentialing and access control system, as required by Homeland Security and other initiatives. Active RFID is a complete, cost- effective solution for the continuous tracking of individuals and assets. For more information, visit the Company's websites at http://www.supercomgroup.com/, http://www.supercom-inc.com/ and http://www.pure-rf.com/.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company.
Contacts:
In Israel: In North America:
Alex Somech RJ Falkner & Co, Inc., Investor
Tel: +972-77-3456-302 Relations Counsel
Fax: +972-50-8961-570 Tel: 800-377-9893
Mobile: +972-54-4297-754 E-mail:
