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Funding for startups

Chorum Withdraws IPO

RICHARDSON, Texas -- Chorum Technologies Inc., today announced that in light of current market conditions, it has submitted an application to withdraw its Registration Statement with the Securities and Exchange Commission.

"Because of market conditions at the present time, we have withdrawn our registration for an initial public offering," said Scott Grout, Chorum Technologies' president and CEO. "Product, customer and company development remain solidly on track and we will be closely monitoring the public markets as we go forward."

http://www.chorumtechnologies.com
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