AMAC Announces Warrants To Purchase 850,000 Common Shares Will Expire December 26, 1998.OCEANSIDE, N.Y.--(BUSINESS WIRE)--Nov. 4, 1998--American Medical Alert Corp., (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 :AMAC AMAC Adults Molested As Children AMAC Assistance to Mine-Affected Communities AMAC Aircraft Monitor And Control AMAC Approximate Message Authentication Code AMAC American Military Arms Corporation AMAC Asset Management Assistance Center ), the designer of two-way voice Personal Emergency Response Systems (PERS a. 1. Light blue; grayish blue; - a term applied to different shades at different periods. ), announced that warrants to purchase 850,000 shares of common stock at $3.50 per share expiring December 26, 1998, will not be extended. At a meeting held on Monday November 2, 1998, the Board of Directors voted by unanimous consent In parliamentary procedure, unanimous consent, also known as general consent, is a situation in which no one present objects. The chair may state, for instance: "If there is no objection, the motion will be adopted. [pause] Since there is no objection, the motion is adopted. that the warrants to purchase 850,000 shares of common stock, originally issued in December 1983, will not be extended past the current expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of December 26, 1998. This press release contains forward looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward looking statements are set forth in the company's filings with the Securities and Exchange Commission (SEC), including the company's Annual Report on Form 10-KSB, the Company's Quarterly Reports on Forms 10-QSB, and other filings and releases. These include uncertainties relating to competition, technological development and trademarks. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion