December 30, 2002 — (WEB HOST INDUSTRY REVIEW) — Application delivery and managed hosting company eNucleus Inc. (eNucleus.com) announced on Monday that it has finalized its decision to terminate its equity line financing agreement with Cornell Capital LLC.
In connection with the decision, eNucleus has begun the process of withdrawing its SB-2 registration statement for 11.4 million shares from the Security and Exchange Commission.
“The Company’s decision to pursue more traditional forms of financing,” says CEO John Paulsen, “displays a strong desire to balance its business plan objectives with building lasting shareholder value.”
