American Dental Technologies' stockholders approve acquisition of Texas Airsonics.SOUTHFIELD, Mich.--(BUSINESS WIRE)--July 29, 1996--American Dental Technologies Inc. ("ADT (Asynchronous Data Transfer) A transmission technique used in ISDN PBXs that dynamically allocates bandwidth. See also abstract data type. ADT - abstract data type ") announced that its stockholders today approved the acquisition of Texas Airsonics Inc. ("Texas Air"). At the end of business on July 31, 1996, Texas Air will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ADT. Texas Air is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. which develops and manufactures air abrasive products for the dental and industrial manufacturing markets and is ADT's sole supplier of dental air abrasive products. As of March 31, 1996, Texas Air had total assets of $5,593,098 and a net worth of $2,988,963. Texas Air has 30 employees and a 23,000 square foot modern manufacturing facility in Corpus Christi, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. . The acquisition of Texas Air will lower ADT's cost for Dental air abrasive products and will improve ADT's net worth and working capital. Texas Air stockholders approved the transaction on July 27, 1996. In exchange for each outstanding share of Texas Air stock, Texas Air stockholders will receive 5.425 shares of ADT common stock ("stock") together with a warrant to purchase 3.321 shares of stock at a purchase price of $1.4104 per share, exercisable for a period commencing one year and one day and ending three years following the effective date of the merger. Currently, 16,006,795 shares of ADT stock are outstanding and 2,106,871 shares of Texas Air are outstanding. Consummation of the transaction is expected at the end of business July 31, 1996, upon the filing of the necessary corporate documents with the Texas Secretary of State. "This is an important step in our company's strategic development," stated Anthony D. Fiorillo, ADT's president and 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. . "Texas Air has been our manufacturing partner for several years and this combination of resources will strengthen our position in the growing dental air abrasive market. ADT has evolved into a fully integrated company having research and development, manufacturing, sales and marketing capabilities for each of our current product lines!" ADT's innovative products, the KCP KCP Party of Communists of Kyrgyzstan KCP Khmer Citizen Party (Cambodia) KCP Kingston Computer Planet KCP knurling cup point (fasteners) KCP Kernel Control Path 100, the KCP 1000, the KCP 1000 PAC and the PulseMaster line of dental lasers, are recognized leaders in the dental high technology market. The KCP works like a miniature sandblaster sand·blast n. 1. a. A blast of air or steam carrying sand at high velocity to etch glass or to clean stone or metal surfaces. b. A machine used to apply such a blast. 2. spraying away decay, usually without a need for anesthesia. The PAC utilizes a high intensity light source to rapidly cure composite fillings. PulseMaster lasers allow dentists to treat gum disease gum disease Dentistry Gingival disease, often in the form of gingivitis and bone loss 2º to toxins produced by bacteria in plaque accumulating along the gum line Clinical Early–painless bleeding; pain appears with advanced GD as bone loss around the and perform other procedures with little or no bleeding and less need for anesthesia. American Dental Technologies, headquartered in Southfield, develops and manufactures advanced technologies for dentistry and markets them worldwide. It is listed on the Nasdaq SmallCap Market under the symbol ADLI. CONTACT: American Dental Technologies, Southfield Diane Miller, 810/353-5300 
Does anyone know what Texas Air shares are worth today (05/15/2009)? Have certificate and was wondering if it's worth anything besides the paper it's written on?
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