Soapstone Networks to Ring NASDAQ(R) Closing Bell in Celebration of the Name and Ticker Symbol Change From Avici Systems
March 17 2008 - 9:00AM
Marketwired
BILLERICA, MA today announced that it will celebrate the change
of the Company's name to Soapstone Networks and ticker symbol
change to SOAP by participating in the NASDAQ� Closing Bell
Ceremony on March 19, 2008 at 4:00 p.m.
"This is an exciting period for the Company as we officially
become Soapstone Networks. We are honored to be able to preside
over the NASDAQ market close in celebration of this milestone,"
said Bill Leighton, Chief Executive Officer, Soapstone Networks.
"We believe that Soapstone is creating a new market for the telecom
industry by making it possible for carriers and enterprises to
automate the service lifecycle and accelerate innovation. By
decoupling services from the underlying network, the Soapstone
service and control framework provides best-in-class choice to
customers."
On February 28, 2008 Avici announced that it would officially
change its name to Soapstone Networks and begin to trade under the
new ticker symbol SOAP as of March 19, 2008.
What: Soapstone to ring NASDAQ Closing Bell
When: Wednesday, March 19, 2008 at 4:00 p.m. (Eastern Time)
Where: NASDAQ MarketSite -- 4 Times Square -- 43rd &
Broadway, New York, NY
Web cast: www.nasdaq.com/reference/marketsite_about.stm begins
at 3:50 p.m.
About Avici Systems
Avici Systems Inc., headquartered in Billerica, Mass., has
provided purpose-built carrier-class routing solutions for the
Internet. The company's routing systems provide IP solutions to
some of the world's leading service providers. www.avici.com
About Soapstone Networks
Soapstone Networks is at the forefront of the movement to
Carrier Ethernet by delivering resource control systems that
realize NGN software-provisioned services in the new Carrier
Ethernet transport network. Soapstone's common control framework
decouples services from underlying network technologies. The
Soapstone solution dynamically provisions precise, SLA-quality
services, continuously optimizing utilization of network resources
to bring orderly, predictable business-driven behavior to service
provider networks. The future of Carrier Ethernet -
www.soapstonenetworks.com
This release contains information about Avici's future
expectations, plans, and prospects, including Avici's expectations
for the growth opportunity for Soapstone Networks, that constitute
forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ
materially from those anticipated. When used in this press release,
the word "will," "expected" and other similar expressions are
intended to identify such forward looking statements. Such risks
and uncertainties include, but are not limited to, the early stage
of Soapstone Networks, market acceptance of our products, services
and enhancements, dependence on our major customer, customer
purchasing patterns and commitments, development of the market
place, product development and enhancement, intensity of
competition of other vendors, technological changes, reliance on
technology and distribution partners, and other risks set forth in
Avici's filings with the Securities and Exchange Commission. Avici
does not undertake any duty to update forward-looking
statements.
For more information, contact: Inna Vyadro Director of Investor
Relations Avici Systems 978-715-2300 Email Contact William J.
Stuart Chief Financial Officer Avici Systems 978-715-2300 Email
Contact
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