ALR Technologies Inc. -- Formerly Mo Betta Corp. -- Announces a Take-over Bid for A Little Reminder -- ALR -- Inc., Formerly Tren Exploration Inc.REDMOND, Wash.--(BUSINESS WIRE)--March 2, 1999--ALR Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ALRT ALRT Alert ALRT Advanced Light Rapid Transit ALRT Average Likelihood Ratio Test ) today announced a take-over bid share exchange to purchase all of the issued and outstanding Class A Common shares of A Little Reminder (ALR ALR Administrative License Revocation ALR Agricultural Land Reserve (Canada) ALR Automatic Locking Retractor (seat belts) ALR Australian Law Reports (University of Tasmania Library) ) Inc. ("ALR") on the basis of one ALRT Common share for each ALR Class A Common share (the "Offer"). The documentation associated with the Offer is expected to be mailed to ALR shareholders today. The Offer is subject to certain conditions and is expected to expire on March 23, 1999. ALR is in the business of the design, manufacture, marketing and distribution of the ALR(TM) system, a medication compliance device designed to alert patients on time sensitive schedules when to take their prescribed pre·scribe v. pre·scribed, pre·scrib·ing, pre·scribes v.tr. 1. To set down as a rule or guide; enjoin. See Synonyms at dictate. 2. To order the use of (a medicine or other treatment). medication. ALRT has the non-exclusive right to market the ALR(TM) system in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The Board of Directors of ALR is unanimously recommending that ALR shareholders accept the Offer. ALRT Common shares are currently quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . -0- On Behalf of ALR On Behalf of ALRT John Baldwin Michael Best Director Chairman, CEO Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they may affect the company's customers. Actual results and developments may therefore differ materially from those described in this release. The OTC BB has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release. If you would like further information on ALR Technologies Inc., please call toll free at 888/922-7022. Web site: http://www.alrt.com/ |
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