BPI Announces Extension of Stockholder Rights Offering.Business/Technology Editors NORTH DIGHTON, Mass.--(BUSINESS WIRE)--March 9, 2000 BPI Packaging Technologies, Inc. (the "Company") OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BPIE BPIE Base Procured Investment Equipment , a manufacturer of thin high molecular weight, high density polyethylene High-density polyethylene (HDPE) is a polyethylene thermoplastic made from petroleum. It takes 1.75 kilograms of petroleum (in terms of energy and raw materials) to make one kilogram of HDPE. films and bags, announced that it extended the termination date termination date, n See expiration date. of its stockholder rights offering to Friday, March 17, 2000 at 5:00 PM (EST EST electroshock therapy. EST abbr. electroshock therapy ). Each of the Company's stockholders received one right for each share of the Company's common stock they held on December 2, 1999. Each right entitles the stockholders to purchase 0.7 shares of the Company's common stock at $0.04 per share. James F. Koehlinger, the Company's Acting Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , stated, "If the stockholders exercise all of their rights, they are entitled to purchase an unlimited number of additional shares at the $0.04 per share price. Thus, they have been granted the right to purchase as many shares as they desire, provided that the total number of shares sold does not exceed 15,000,000." Mr. Koehlinger added that if the stockholders have any questions with respect to the rights offering, they should contact Lisa Lima, the Company's Executive Assistant, toll free at 800-628-8206. Statements included in this news release that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, competitive, governmental, technological and other risks and factors, identified from time to time in the Company's reports filed with the SEC. |
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