A.D. TECH to delist its "ADTCW" warrants.TAUNTON, Mass.--(BUSINESS WIRE)--July 8, 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 today that it will delist its common stock purchase warrants (the "Warrants") from NASDAQ and the Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. , currently traded under the symbol "ADTCW" and "ADT (Asynchronous Data Transfer) A transmission technique used in ISDN PBXs that dynamically allocates bandwidth. See also abstract data type. ADT - abstract data type .W", respectively, immediately following the termination of the tender period for the solicitation of exercises of the Warrants. The tender period is due to expire at 5:00 p.m. (New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time) on Wednesday, July 10, 1996. The company also said it expects its Class B warrants to be listed on NASDAQ by Friday, July 12, 1996. The Class B Warrants will be issued immediately following the termination of the tender period to those holders who exercise the Warrants. The Class B Warrants will be listed on NASDAQ. "The warrant conversion period we have previously announced is due to expire on Wednesday," said Glenn J. Walters, A.D. TECH's president/CEO. "It has been extremely successful, with substantially all the warrants having been exercised. For this reason, we intend to delist the remaining warrants that were originally issued in A.D. TECH's initial public offering," said Walters. This shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to resignation or qualification 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 holograms, electronic article surveillance See EAS. tags, 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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