SOURCE: Zeros & Ones, Inc.

May 24, 2005 11:48 ET

Zeros & Ones: The Show Must Go On

SANTA MONICA, CA -- (MARKET WIRE) -- May 24, 2005 -- Zeros & Ones (OTC: ZROS) today announces its intentions with respect to its status as a publicly held company.

Zeros & Ones, Inc. has been traded on the OTC-BB since 1999, originally trading under the symbol ZOZO and, for the majority of the years, under the symbol ZROS. Prior to that, from 1994 to 1999, the company had operated for several years generating millions in annual revenue as a privately held corporation. The Company also co-owns a privately held subsidiary called Zeros & Ones Technologies, Inc. between the corporate parent and the public shareholders of record at the time the subsidiary was formed.

There have been a number of extenuating circumstances that have interfered with the ability for the company to maintain timely reporting to maintain its listing status on the OTC-BB. As a consequence, the company is facing delistment from the OTC-BB at this juncture. That said, Zeros & Ones would like to announce its intent to appeal to the OTC-BB to return its full status and/or to take the necessary steps to restore a listing on the OTC-BB exchange or higher.

The Zeros & Ones management team remains intact and operations of the business remain unchanged. It is the intent of the company to remain operational regardless of listing status and to maintain Zeros & Ones Technologies, Inc. as a private company. All of the core projects of the company, including ThunderCloud, are expected to continue. The Company remains dedicated to carrying out its vision and moving forward even as its takes the aforementioned steps to regain full status on the OTC-BB.

"The show must go on," said Robert J. Holtz, CEO of Zeros & Ones, Inc. "Thanks go to our loyal shareholders who have expressed support and thanks to Mark for his resilience and trust through what is unquestionably a challenging time for us all. We've come too far not to keep pressing on."

About Zeros & Ones

Founded in 1994, Zeros & Ones, Inc. creates technologies and applications that advance broadband wireless and digital convergence. Its clients and strategic partners, past and present, include some of the world's most recognizable names in computing and entertainment.

This news release contains forward-looking statements, including but not limited to, those that refer to the Company's plans for future securities listings, or future development plans or operating results. Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services; lack of market acceptance of products, services and technologies; inadequate capital; adverse government regulations; competition; breach of contract; inability to earn revenue or profits; dependence on key individuals; inability to obtain or protect intellectual property rights; inability to obtain listing for the company's securities; lower sales and higher operating costs than expected; technological obsolescence of the Company's products; limited operating history and risks inherent in the Company's markets and business.

Contact Information

  • For additional information:
    Zeros & Ones, Inc.
    (800) 710-ONES