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Exhibit 99.1
WEDNESDAY OCTOBER 25, 12:54 PM EASTERN TIME
PRESS RELEASE
ENVISION DEVELOPMENT CORP. ANNOUNCES COMMENCEMENT OF AMERICAN STOCK EXCHANGE
DELISTING PROCEDURES
MARLBORO, Mass.--(BUSINESS WIRE)--Oct. 25, 2000--Envision Development
Corporation (AMEX:EDV - news) today announced that the Company has been notified
by the American Stock Exchange that the Exchange intends to file an application
with the Securities and Exchange Commission to delist the Company's shares from
the Exchange. The Exchange's decision is based on the Exchange's view that the
Company does not currently meet certain listing criteria.
After due consideration the Company has determined that it will not appeal the
Exchange's decision, instead will focus its energy on building existing
technologies and increasing the Company's financial performance. Envision's
common stock is eligible for trading on the over-the-counter bulletin board
(OTCBB). The OTCBB is a controlled quotation service that offers real time
quotes, last sale prices and volume information in over-the-counter securities.
While the Company regrets the Exchange's action, Envision wishes to emphasize
that the delisting decision has no effect on the current operations of the
Company. In addition, the Company intends to explore listing on an appropriate
exchange or market at such time as the Company meets applicable listing
requirements.
Envision Development Corporation (www.edvcorp.com) provides secure e-mail
communication technologies to corporations and individuals, professional service
organizations, and specialized software for collaborative communications. This
press release contains forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. Such risks and uncertainties are
described in the Company's filings with the SEC including the Company's Annual
Report on Form 10K and the Registration Statement on Form S-1.
