Base Ten announces successful rights offering; company raises $4.25 million in net proceeds.TRENTON Trenton, town, Canada Trenton, town (1991 pop. 16,908), SE Ont., Canada, on the Bay of Quinte at the mouth of the Trent River and at the south end of the Trent Canal. Its manufactures include textiles, electronic components, and paper and steel products. , N.J.--(BUSINESS WIRE)--Nov. 11, 1994--Mike Kranzler, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Base Ten Systems Inc. (NASDAQ/NMS:BASEA BASEA Boston Area Solar Energy Association ), announced today that the Series B Rights offering which expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on Nov. 9, 1994 resulted in conversion of over 96% or 815,709 of the 847,532 outstanding rights providing the company with approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $4.25 million in cash after underwriter's commission and expenses. Kranzler said, "I am most grateful for the confidence placed in us by our shareholders and delighted to be able to aggressively advance our business plan. We are very anxious to take advantage of the opportunities generated by our Medical Technology Division, particularly in the PHARMASYST(TM) product line. These funds will enable us to accelerate the expansion and development of new software products which the industry needs and for which we see an immediate strong demand. The proceeds from this offering will enable the company to implement its strategy of introducing new products in the fields of medical technology and pharmaceutical manufacturing, capitalizing on our skill and reputation in safety critical software." Base Ten Systems Inc. manufactures and develops medical software, secure communications and weapons control systems for both national and international markets. CONTACT: Base Ten Systems Inc., Trenton
Edward J. Klinsport, 609/586-7010
or
Strategic Growth International Inc., New York
Richard Cooper, 212/826-9622
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