APEX DATA COMPLETES MERGER WITH COZUMEL FUNDING; PCMCIA Mobile Communications Connectivity Solutions Provider Gains Publicly Traded Status.PLEASANTON, Calif.--(BUSINESS WIRE)--Jan. 10, 1995--Apex Data, Inc., a "top five" PCMCIA (Personal Computer Memory Card International Association, San Jose, CA, www.pcmcia.org) An international standards body and trade association that was founded in 1989 to establish a standard for connecting peripherals to portable computers. PCMCIA created the PC Card. See PC Card. solutions leader serving the mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings marketplace, has completed its merger with Cozumel Funding, Inc., a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. . The resulting corporation will do business as Apex Data, Inc. with corporate headquarters remaining in Pleasanton, Calif. As a result of the merger, Apex Data is now a publicly traded organization and will be listed on the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. Electronic Bulletin Board System under the symbol "APDA APDA American Parkinson's Disease Association APDA Alaska Public Defender Agency APDA American Parliamentary Debate Association APDA Afghan Peace and Democracy Act APDA Apple Programmers and Developers Association APDA Association of Peyronie's Disease Advocates ." Pursuant to the merger agreement executed between Apex Data and Cozumel, the outstanding shares of Cozumel common stock were reverse split on the basis of one share for each 12 shares outstanding and an additional 12,006,828 were issued. This resulted in approximately 12,830,000 shares outstanding after the merger. Cozumel was organized in 1991 to seek out and evaluate potential business growth opportunities. Upon completion of the merger, the officers and directors of Cozumel tendered resignations. The Apex management team and board of directors was unaffected by the merger. "To continue our pattern of growth, while simultaneously developing innovative technology, we looked at several options," said Apex President and Founder John Chess. "The merger with Cozumel provides us with flexibility in our growth to best serve our customers." Throughout 1994, Apex has debuted several high end PCMCIA products for the local area network (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) data communications and mobile computing markets. One product, MultiCard, allows users to simultaneously remain logged on to a network while sending and receiving data files or faxes via a modem. MultiCard eliminates the need to utilize two separate PCMCIA cards or quit from an application program to check e-mail while faxing or logging on to on-line services. Additionally, Apex entered the wireless data communications market with the Mobile Plus Cellular, a cellular modem enabling easy and reliable data transmission and reception via a portable computer and cellular phone. Founded in 1992, Apex Data, Inc. (National Association of Securities Dealers Electronic Bulletin Board System: "APDA") is a PCMCIA solutions leader in the mobile computing marketplace. The company's wide range of PCMCIA connectivity solutions increase productivity by allowing mobile computer users to communicate effectively from "the road" through the addition of essential computing functions such as data transmission, network interface and other desktop functionality. The company's products are utilized in mobile computers manufactured by such industry leaders as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Compaq and Toshiba. Apex Data is headquartered in Pleasanton, Calif. with an international facility in London, England. CONTACT: McGrath/Power Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Santa Clara Jonathan Bloom, 408/727-0351 |
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