Audre extends notes one year.SAN DIEGO--(BUSINESS WIRE)--May 30, 1995--Audre Recognition Systems Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :ARS ARS In currencies, this is the abbreviation for the Argentine Peso. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) Tuesday reported that it has reached an agreement with its noteholders to extend the due date of its notes one year to May 25, 1996. The unsecured Unsecured A loan or equity interest that is given without any guarantee of payment, performance, satisfaction or opportunity for return from the recipient. No property, interest or security is used as collateral in either a guarantee or a pledge. 8 percent promissory notes promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. which total $600,000 can be converted into shares of Audre Recognition Systems Inc. stock any time prior to April 30, 1996. The conversion price shall be 75 percent of the lowest consecutive five-day average of the stock's daily market price during the term of the note. AUDRE (AUtomatic Digitizing "Digitizer" redirects here. For the computer device, see Digitizing tablet. For the digitizer in Tablet PC's, see Tablet PC. Digitizing or digitization and REcognition), founded in 1983, is a designer and developer of automatic document conversion software. The company designs, develops and markets a line of proprietary applied intelligence-based software systems. AUDRE's products are used to convert engineering drawings, technical publications and maps to computer-intelligent formats. CONTACT: Cambridge Capital Holdings Steven Scheinberg, 305/358-1007 or Financial Relations Board Timothy C. Kent, 310/442-0599 (news media info) |
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