SAN MATEO, Calif., May 24 /PRNewswire-FirstCall/ --
Eloquent, Inc. (Nasdaq: ELOQ) today announced that the Nasdaq Stock Market
approved the company's request to have its common stock traded on the Nasdaq
SmallCap Market. Eloquent's common stock currently trades on the Nasdaq
National Market. The transfer will become effective as of the commencement of
trading on May 28, 2002. The securities will continue trading under the
symbol ELOQ.
In addition, Eloquent announced today that its Board of Directors has
voted to redeem the rights issued under its stockholder rights plan. This
action was taken in order to comply with certain California legal requirements
that will become applicable to Eloquent's stock option plans and employee
stock purchase plan upon the transfer to the Nasdaq SmallCap Market.
Stockholders will receive a cash payment of $0.001 for each right granted
under the rights plan.
About Eloquent, Inc.
Eloquent provides sales effectiveness solutions to Fortune 1000 companies
-- enabling organizations to increase the productivity of their sales and
marketing organizations, accelerate new revenues and reduce product launch
expenses. Using Eloquent's patented rich media platform, Eloquent
LaunchForce(TM) provides a closed-loop, field readiness solution that helps
companies better equip employees, partners, and channels with the information
they need to be more effective. More than 50 Fortune 1000 companies,
including AT&T, Citibank, Cisco Systems, Hewlett-Packard, Nike, Merrill Lynch,
Sprint and Sun Microsystems have used Eloquent's solutions. Eloquent is a
registered trademark of Eloquent, Inc., headquartered in San Mateo,
California. For more information, visit http://www.eloquent.com.
Except for historical information, all of the expectations and assumptions
contained in the foregoing are forward-looking statements involving risks and
uncertainties. Important factors that could cause actual results to differ
materially from such forward-looking statements include, but are not limited
to, competition in our markets and for qualified personnel, timing of customer
orders and technological change. For additional information regarding these
and other risks, refer to Eloquent's most recent Form 10-Q, on file with the
Securities and Exchange Commission.
SOURCE Eloquent, Inc.
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Related links:
http://www.eloquent.com
CONTACT:
John Curson, Chief Financial Officer of
Eloquent, Inc., +1-650-294-6500; or Investor Relations,
Analysts/Investors, Karen Keating, or General, Pam Roberts, both
of FRB/Weber Shandwick, +1-415-986-1591, for Eloquent, Inc.
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