Attunity: Decision in Litigation Announced.Business Editors/High-Tech Writers WAKEFIELD, Mass.--(BUSINESS WIRE)--March 31, 2003 Attunity Ltd. (Nasdaq: ATTU Attu, island: see Aleutian Islands. ), a leading provider of standards-based integration middleware for accessing mainframe, enterprise data sources and legacy applications, announced today that on Friday March 28, 2003, a jury in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of had entered a verdict against the Company and in favor of the Special Situations Funds awarding damages in the amount of approximately $603,000, plus interest and costs. The lawsuit dealt with a technical issue relating to the Funds right to have the shares they purchased in a private placement in October 2001 registered for resale by December 31, 2001 and their right to receive liquidated damages Monetary compensation for a loss, detriment, or injury to a person or a person's rights or property, awarded by a court judgment or by a contract stipulation regarding breach of contract. in the event of a delay in the registration of their shares. The registration statement permitting the resale of their shares was declared effective on a later date. The Company believes that it demonstrated at trial that the delay was caused by the Funds and accordingly, the Company should not be held liable for the delay and the Funds should not be rewarded for their delaying actions. The Company and its counsel disagree with the decision and the Company intends to assess the viability of an appeal with its legal advisors. About Attunity Ltd. Attunity(TM) is a leading provider of standards-based integration middleware for accessing mainframe, enterprise data sources and legacy applications. Founded in 1987 and traded on the NASDAQ exchange, Attunity's worldwide operations support over 1,000 direct end-users including many of the Fortune 1000. Through distribution and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreements with global-class partners such as Oracle and HP, Attunity-based solutions are deployed on tens of thousands of systems worldwide. The Attunity Connect product family provides standards-based access to over 35 data sources on 20 different computing platforms. Attunity Connect adapters reside natively on each target platform and provide enterprise-class integration capabilities such as real-time read/write access, distributed transaction management, heterogeneous joins between relational and non-relational data sources, and optimized query execution. Attunity Connect makes legacy systems accessible through SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. and XML based interfaces including JDBC (Java DataBase Connectivity) A programming interface that lets Java applications access a database via the SQL language. Since Java interpreters (Java Virtual Machines) are available for all major client platforms, this allows a platform-independent database , ODBC (Open DataBase Connectivity) A database programming interface from Microsoft that provides a common language for Windows applications to access databases on a network. , JCA (1) (Java Cryptography Architecture) An umbrella term from Sun for implementing security functions for the Java platform. It includes Sun's Java Security API as well as the Java Cryptography Extension (JCE), which adds more programming interfaces for encryption , COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. and SOAP. Attunity's products are available through direct sales and support offices in the United States, the United Kingdom, France, Israel, the People's Republic of China, and Australia, as well as distributors in Japan, S.E. Asia, Europe and Latin America. For more information, visit www.attunity.com or email info@attunity.com. Copyright (C) 2003 Attunity Ltd. All rights reserved. (Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors, including but not limited to risks and product technology development, market acceptance of the products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.) |
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