Amplidyne, Inc. to Redeem All Redeemable Common Stock Purchase Warrants.Business Editors RARITAN, N.J.--(BUSINESS WIRE)--April 6, 2000 Amplidyne am·pli·dyne n. A rotating magnetic amplifier with specialized windings that allow small changes in power input to produce large changes in power output. [Originally a trademark.] , Inc. (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 : AMPD AMPD Alisveris Merkezleri ve Perakendeciler Dernegi (Turkish Council of Shopping Centers and Retailers) AMPD Adenosine Monophosphate Deaminase AMPD Average Miles Driven Per Day AMPD Atomic and Molecular Physics Division , AMPDW), a manufacturer of power amplifiers and wireless internet access See how to access the Internet. products, today announced that it is redeeming all of its publicly traded Redeemable Common Stock Purchase Warrants. On May 10, 2000 the Company will redeem and cancel all Warrants by paying to the holders thereof $.01 for each Warrant. Alternatively, a holder of Warrants may exercise their rights to purchase shares of the Company's Common Stock by paying to the Company the exercise price of $6.00 per share at any time prior to the end of business on May 9, 2000. The closing sales price of the shares of the Company's Common Stock on April 5, 2000 was $71/4. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the redemption will be used for general corporate purposes including working capital. Amplidyne, inc. designs, manufactures and sells ultra liner power amplifiers and related subsystems to the worldwide wireless telecommunications market. These single and multi-carrier linear power amplifiers, which are key component in cellular base stations, increase the power of radio frequency and microwave signals with low distortion. The Company's products are marketed to the cellular, wireless local loop and PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. segments of the wireless telecommunications industry. The Company has also developed products to offer high-speed Internet access to residential and business clients and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . The equipment operates in the 2.4 GHz license free band. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of 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. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates" or "plans" to be uncertain and forward-looking. The forward looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. |
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