Message #46 From:
Stock News Bot Date: December 5, 2006 11:18:00 AM
KANA News KANA Software Shares Begin Trading on the OTC Bulletin Board Under KANA.OB
MENLO PARK, Calif.--(BUSINESS WIRE)--KANA Software Inc. (OTCBB: KANA.OB, formerly Pinksheets: KANA.PK), a
world leader in multi-channel customer service, today announced that its
shares of common stock have begun trading on the OTC Bulletin Board
(OTCBB) under the ticker symbol KANA.OB.
"The upgrade to the OTC Bulletin Board reflects the resumption of
current reporting requirements, as well as related operational
efficiencies resulting from our efforts to streamline the organization
over the past year,” said Michael Fields,
KANA's CEO and Chairman of the Board. “We
anticipate that the listing on the OTC Bulletin Board will increase our
corporate visibility and trading liquidity, making it easier for
prospective investors to purchase our common stock. Building upon this
achievement, KANA is working diligently to regain NASDAQ listing status
as soon as possible."
About the OTC Bulletin Board
The OTC Bulletin Board (OTCBB) is a regulated quotation service that
displays real-time quotes, last-sale prices, and volume information in
over-the-counter (OTC) equity securities. An OTC equity security
generally is any equity that is not listed or traded on Nasdaq or a
national securities exchange. OTCBB securities include national,
regional, and foreign equity issues, warrants, units, American
Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).
About KANA
KANA is a world leader in multi-channel customer service. KANA's
integrated solutions allow companies to deliver consistent, managed
service across all channels, including email, chat, call centers and Web
self-service, so customers have the freedom to choose the service they
want, how and when they want it. KANA's clients report double-digit
increases in customer satisfaction, while reducing call volumes by an
average of 20%. KANA's award-winning solutions are proven in more than
600 companies worldwide, including approximately half of the world's
largest 100 companies. For more information visit www.kana.com.
Cautionary Note Regarding Forward-looking Statements Under the Private
Securities Litigation Reform Act of 1995:
Information in this release regarding KANA's expectations, beliefs, and
intentions are forward-looking statements that involve risks and
uncertainties. All forward-looking statements included in this release
are based upon information available to KANA as of the date of this
release, which may likely change, and we assume no obligation to update
any such forward-looking statement. These statements include statements
about increases in corporate visibility and trading liquidity, ability
of prospective investors to purchase KANA’s common
stock, and KANA’s NASDAQ listing. These
statements are not guarantees of future performance and actual results
could differ materially from our current expectations. Factors that
could cause or contribute to such differences include, but are not
limited to: volatility of our stock price, low trading volume in our
common stock, competition in our marketplace, the risk of lack of market
acceptance of KANA's products or services; and KANA's history of losses.
These and other factors are risks associated with our business that may
affect our operating results and are discussed in KANA's filings with
the Securities and Exchange Commission, including our most recent annual
report on Form 10-K and our quarterly reports on Form 10-Q.
NOTE: KANA is a registered trademark of KANA Software, Inc. All other
company and product names may be trademarks of their respective owners.
