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Adrenalin Shareholders Approve Merger With McGlen Micro.


LOS ANGELES--(BUSINESS WIRE)--Nov. 15, 1999--

Adrenalin Interactive Inc. (Nasdaq:ADRN ADRN Attention Deficit Resource Network
ADRN Antimalarial Drug Resistance Network
ADRN Advance Document Revision Notice (Boeing configuration management form) 
) Monday announced that, at its Annual Meeting held Nov. 11, 1999, the Shareholders of the Company voted to approve the previously announced merger with McGlen Micro Inc.

All of the other propositions submitted to the shareholders at the meeting were also approved.

Jay Smith, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Adrenalin said: "This is an exciting decision for the company and paves the way for our highly anticipated merger with McGlen to occur. All the shareholders should be very pleased."

George Lee Several people share the name George Lee:
  • Sir George Lee (English politician) (1700–1758), English politician, Privy Counsellor, MP for Brackley 1733-1742, for Devizes 1742–1747, for Liskeard 1747-1754, and for Launceston 1754-1758
, CEO of McGlen commented: "We believe the merger with Adrenalin as a public company will substantially benefit our e-commerce business."

Adrenalin Interactive develops and licenses Internet games for the World Wide Web, entertainment titles for personal computers, and console video games See video game console.  for Sony, Nintendo and Sega. Adrenalin also develops and licenses electronic toys, particularly interactive, Web-powered toys that are refreshed from a PC via the Internet.

Adrenalin creates interactive television games for digital set-top boxes and publishes or licenses certain PC games in 24 countries and 15 languages.

McGlen Micro is a private company that provides e-commerce services and products for a wide range of computer-related categories. McGlen Micro has a unique consumer interface and software technology that is popular with mass-market consumers. In March 1999, McGlen Micro acquired a similar company Access Micro Inc dba AMT See vPro.  Component Inc. The offices are located in Tustin, Calif.

The statements set forth above with respect to the proposed merger, the benefits thereof and the potential growth of the combined company are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 within the meaning of the term in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. As such, they are inherently uncertain and should not be unduly relied upon. As to the consummation of the proposed acquisition, uncertainties include the ability of the parties to negotiate definitive agreements, completion of satisfactory due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  by both parties, the receipt of regulatory approvals, the satisfaction of other conditions to closing and other uncertainties normally associated with the consummation of business acquisitions. As to the hoped for benefits of the acquisition and potential future growth, uncertainties include the ability to successfully integrate the companies' businesses, technologies and management, the availability of sufficient capital to expand the businesses, customer acceptance on new products, competition and other uncertainties associated with integrating businesses after acquisitions and growth.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 15, 1999
Words:391
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