Base Ten nets $7.0 million from warrants.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)--May 5, 1995--Base Ten Systems Inc. (Nasdaq/NMS:BASEA BASEA Boston Area Solar Energy Association ) announced today that 97 percent of the outstanding $6.00 Class A Purchase Warrants that 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 May 1, 1995 have been exercised and that the company netted $7.0 million after expenses. The company's financial condition has been significantly strengthened by the proceeds from the exercise of the Warrants as shown below: Jan. 31, 1995 May 1, 1995 Cash and cash equivalents $ 3,600,000 $10,200,000 Shareholder's equity $12,700,000 $19,500,000(a) Working capital $ 8,500,000 $15,000,000(a) Book value per share $ 1.81 2.60(a) Current ratio 3.5 to 1 5.5 to 1(a) (a) Estimated
Mike Kranzler, chairman and chief executive officer, stated,
"Base Ten's exciting future is the result of both the successes and
opportunities developed by our Medical Technology Division. The
proceeds from the Warrants will be dedicated to investment in
product development, marketing and working capital to exploit those
successes and opportunities.
"We are most grateful to our Warrantholders and our Shareholders
for the confidence demonstrated by their outstanding response in
exercising Warrants. Management is very conscious of the obligation
to continue to justify that confidence and is committed to work for
further increases in shareholder values."
Base Ten Systems Inc. is a diversified technology company
concentrating on safety critical products for use in medical
software, manufacturing execution systems and weapons control
products.
CONTACT: Base Ten Systems Inc., Trenton Edward Edward killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide J. Klinsport, 609/586-7010 or Strategic Growth International Inc. Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a E. Cooper Cooper may refer to:
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