A. D. TECH's warrant conversion program in effect until June 12, 1996.TAUNTON, Mass.--(BUSINESS WIRE)--May 30, 1996--A. D. TECH Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADTC ADTC Armament Development Test Center ADTC Advanced Data Tools Corporation ADTC Apparel Training and Design Centre (India) ADTC Advance Data Transfer Cartridge ADTC Advanced Data Transfer Cartridge ) announced that the terms of the company's 1,150,000 outstanding redeemable warrants have been adjusted for a period through June 12, 1996, unless extended by the company's board of directors. During this "Special Exercise Period," each warrant entitles the holder to purchase one share of A. D. TECH's common stock at an exercise price of $5.00 per share and to receive a Class B redeemable common stock purchase warrant for no additional consideration. The Class B warrants will entitle the holder to purchase one share of A. D. TECH common stock at an exercise price of $5.00 per share through May 12, 1998. After the Special Exercise Period, two warrants will once again entitle the holder to purchase one share of A. D. TECH common stock at $5.00 per share. This announcement shall constitute an offer to sell or the solicitation of an offer to buy any securities of the company, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Offers may only be made through an offering circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. which is available from the company. A. D. TECH develops and manufactures high-resolution, patterned, vacuum-metallized coatings for a variety of energy-management applications -- including microwave food packaging, authentication holograms, electronic article surveillance See EAS. tags, electrostatic discharge materials, microwave sterilization devices and retroreflective films -- using the company's proprietary metallization Met`al`li`za´tion n. 1. The act or process of metallizing. process including a new Pattern Metallization Printing ("PMP See point-to-multipoint and portable media player. PMP - Portable Media Player ") process. CONTACT: Glenn Walters A. D. TECH Inc. 508/823-0707 or Ronald Trahan Ronald Trahan Associates Inc. 508/651-1180 |
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