A.D. TECH extends "Special Exercise Period" until June 24, 1996.TAUNTON, Mass.--(BUSINESS WIRE)--June 18, 1996--A.D. TECH Inc. (Nasdaq: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 it is extending the "Special Exercise Period" during which the terms of the Company's Redeemable Common Stock Purchase Warrants (the "Warrants") are temporarily modified. The Special Exercise Period now will expire at 5:00 p.m. Eastern Standard Time on Monday, June 24, 1996. During the Special Exercise, each Warrant entitles the holder to purchase one share of Common Stock at an exercise price of $5.00 per share and to receive one Class B Redeemable Common Stock Purchase Warrant ("Class B Warrant") for no additional consideration. After the Special Exercise Period, two Warrants will once again be required to purchase one share of Common Stock at $5.00 per share, and no Class B Warrants will be issued upon exercise of the Warrants. The terms of the Class B Warrants have been described in prior filings with the Securities and Exchange Commission (SEC). "This extension to the Special Exercise Period is intended to allow the SEC time to complete its review of the tender offer materials supplied by the Company," said Glenn J. Walters, A.D. TECH's president/CEO. This shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to resignation or qualifications under the securities laws of any such state. A.D. TECH develops and manufactures high-resolution, patterned, vacuum-metallized coatings for a variety of energy-management applications--including microwave food packaging, authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. holograms, electronic article surveillance See EAS. tags, electrostatic discharge (hardware, testing) Electrostatic Discharge - (ESD) One kind of test that hardware usually has to pass to prove it is suitable for sale and use. The hardware must still work after is has been subjected to some level of electrostatic discharge. materials, electronics, 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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