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Virtual Universe Corporation (CDNX: VRX) - Share Price Increase Causes Trading Halt
TORONTO, Dec. 6 /CNW/ - Virtual Universe Corporation (CDNX:VRX) announced today that CDNX has halted trading in its common shares due to unusual trading activity. The last trade prior to the halt closed at $0.27 per common share, an increase of 80% over the closing price of the common shares on December 5, 2001.
Lorn Becker, President and CEO of Virtual Universe Corporation confirmed that there are no undisclosed material changes relating to the Company or its business, nor are there any corporate developments to be announced. "We know of no material event or change that would cause the rapid increase in the trading price of the company's shares," he stated.
Virtual Universe Corporation is a Canadian technology company focused on becoming a leader in Internet voice communications. It has developed unique, proprietary technology called Virtual Talker(TM), which allows multiple participants to engage in real-time verbal conversations online. Virtual Talker(TM) applications include Instant Meetings, Internet teleconferencing, distance education, online gaming, customer relationship management and more.
For further information: Lorn Becker, President, Virtual Universe Corporation, (780) 465-5959, www.vu.com
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