@pos.com and Hand Held Products, Inc. Announce Acquisition.Business Editors/High-Tech Writers @pos (www.atpos.com), (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EPOS (Electronic Point Of Sale) See point of sale. ), a leader in secure, interactive electronic transaction technologies, today announced the execution of a definitive agreement pursuant to which @pos will sell substantially all of its assets to Hand Held Products, Inc. d/b/a HHP HHP Hand Held Products (Barcode Reader Manufacturer, Charlotte, NC) HHP Holistic Health Practitioner HHP High Hydrostatic Pressure HHP Honolulu Heart Program HHP Hydraulic Horsepower HHP Hand-Held Phone ("HHP"), a leader in affordable, high performance, image-based data collection systems. Under the terms of the asset purchase agreement executed by the parties, HHP will acquire substantially all of the assets of @pos, including its intellectual property, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , customer contracts, furniture, fixtures and equipment Furniture, fixtures and equipment (or FF&E) is an accounting term used in valuing, selling, or liquidating a company or a building. FF&E are movable furniture, fixtures or other equipment that have no permanent connection to the structure of a building or utilities. . The purchase price is $5 million in cash plus the assumption of @pos' balance sheet liabilities subject to certain adjustments. The acquisition is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the satisfaction of a number of conditions including HHP's satisfaction with its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review and @pos shareholder approval. About @pos @pos (OTCBB:EPOS) is a leader in secure, interactive electronic transaction technologies. The company delivers technologies that include signature capture pads, web-enabled platforms, smart card interfaces, and encryption engines supporting DES and Triple DES See DES. (cryptography) triple DES - A product cipher which, like DES, operates on 64-bit data blocks. There are several forms, each of which uses the DES cipher 3 times. Some forms use two 56-bit keys, some use three. The DES "modes of operation" may also be used with triple-DES. , in addition to offering an extensive suite of software tools. @pos currently markets its products to the retail, government and banking segments for applications that include electronic signature capture, debit and credit payments. For more information, see www.atpos.com, email to info@atpos.com, or call 408/468-5400. About HHP HHP is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. dedicated to the design and development of affordable, high performance, image-based data collection systems for the retail, transportation, postal, warehousing, logistics and manufacturing markets. Additional information is available online at www.hhp.com. Important Information This press release does not constitute a request for a proxy. @pos plans to file a proxy or information statement with the Securities and Exchange Commission relating to the company's shareholder vote on the acquisition. @pos ADVISES SECURITY HOLDERS TO READ ITS PROXY OR INFORMATION STATEMENT WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Once filed, @pos' proxy or information statement and other relevant documents will be available for free at www.sec.gov. You may also obtain a free copy of the materials, when they become available, by writing to @pos at 3051 North First, San Jose, CA 95134. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement The matters discussed in this communication include forward-looking statements such as statements relating to our ability to successfully complete the transactions contemplated by the asset purchase agreement and statements relative to the acquisition. These forward looking statements are subject to various risks, uncertainties, and other factors that could cause actual results to vary materially from the results anticipated in such forward-looking statements. Such risks and uncertainties include, but are not limited to the possibility that we will be unable to obtain shareholder approval of the transaction or that we will be unable to close the transaction contemplated. The inability to accurately predict the success of our combined companies and other risks are detailed from time to time in our filings with the Securities and Exchange Commission represents our judgment as of the date of this release. We disclaim any intent or obligation to update these forward-looking statements. |
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