Golden Systems Urges Caution in Trading Shares

Golden Systems Inc. in Simi Valley has issued a statement urging caution in the trading of its shares.

The company reminded stockholders and potential stockholders that its financial condition has made it late in filing its periodic reports with the Securities and Exchange Commission. In addition, Golden Systems has made no public statements since Oct. 9, when it announced the hiring of Farber & Hass LLP as its auditors for the fiscal year ended March 31, 1998.

That audit has not been completed, and no periodic reports have been filed covering any periods after the quarter ended Dec. 31, 1997.

Company officials said they took the unusual step of issuing the statement because there recently has been an increased level of discussion about Golden Systems in a few Internet locations that may cause an increase in trading activity and a run-up in the price of Golden Systems’ common stock.

Golden Systems cautioned its stockholders, securities dealers and agents that any reportedly new information about Golden Systems has not come from or been approved by the company.

Golden Systems designs power switches for manufacturers in the electronics industry.