Aladdin Signs an Agreement to Acquire the Software Protection Business of Micro Security Systems, Inc.Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--December 27, 1994--Aladdin Knowledge Systems Ltd. (NASDAQ/NMS: ALDNF) today announced that its US subsidiary, Aladdin Software Security, Inc., has signed an agreement to acquire the software protection business of Micro Security Systems, Inc., of Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. (NASDAQ/OTC: MISY). Because Micro Security Systems filed for relief under Chapter 11 in July, 1994, the agreement is subject to the approval of 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. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the District of Utah. The agreement also is subject to a 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. process, and to the approval of Aladdin's Board of Directors. Micro Security Systems designs, manufactures, and markets the SecuriKey line of software security products, which protect software programs from unauthorized duplication. MSS's sales for 1994 are estimated at $900,000, while 1995 sales are expected to be slightly lower. According to the agreement, Aladdin will acquire MSS's customer base and the full rights to its product line for $500,000, of which $300,000 will be paid after the Court's approval and due diligence process are completed. The remaining $200,000 will be paid over the following 12 months in exchange for manufacturing and technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . "This is a strategic decision as far as Aladdin s US sales are concerned," Ami Dar, President of Aladdin Software Security, said of the acquisition, "and we believe it will enable us to continue Aladdin's penetration and growth in the US market." Aladdin Knowledge Systems Aladdin Knowledge Systems NASDAQ: ALDN is a company that provides solutions for software digital rights management and Internet security since 1985. Its corporate headquarters are located in Tel Aviv, Israel. Ltd. designs, develops, manufactures and markets HASPb, a family of proprietary software security products that combine hardware and software to prevent unauthorized use of computer programs.
CONTACT: Nurit Benjamini Anne S. McBride
Aladdin Knowledge Systems or The Anne McBride Co.
Tel. 011-972-3-537-5795 Tel. 212-752-0504
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