Autonomous and Summit Establish New Record and Shareholder Meeting Dates.ORLANDO, Fla.--(BW HealthWire)--March 17, 1999--Autonomous Technologies Corporation (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 NM: ATCI ATCI Albany Transcomm International ) and Summit Technology, Inc. (NASDAQ NM: BEAM) announced today that they have agreed to extend the closing of their proposed merger to a date no later than April 30, 1999. Autonomous and Summit had planned to hold their stockholder meetings on March 30, 1999, but a longer than anticipated SEC review of the S-4 registration statement and joint proxy statement/prospectus has resulted in the delay. Autonomous understands that Summit will file a final amendment to the S-4 within the next few days, with an anticipated effective date and mailing next week. The Boards of Directors of Autonomous and Summit have reset the record dates for the meetings to March 19, 1999 and have rescheduled the meetings to April 29, 1999. Autonomous designs, develops and markets next generation excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. instruments for laser vision correction. The company's LADARVision(R) System combines high-speed, laser radar eye tracking with precisely controlled small beam shaping technology. For more information, contact Autonomous Technologies at 2800 Discovery Drive, Orlando, FL 32826 (407) 384-1600, or visit us on the web at www.autonomous.com. This press release contains a forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about the anticipated effective date and mailing of the joint proxy statement/prospectus. Actual results could differ materially from those projected in the forward-looking statement if there is a delay in the processing of the Registration Statement and Joint Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. with the Securities and Exchange Commission or a delay in the holding of the shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. . |
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