Boca Research Announces Proposed Changes to the Composition of its Board of Directors.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--June 17, 1999-- Boca BOCA Building Officials and Code Administrators International, Inc. BOCA Bird Observers Club of Australia BOCA Business Object Component Architecture BOCA Borland Object Component Architecture (Borland) Research, Inc.(R) (Nasdaq:BOCI BOCI Bank of China International BOCI Buckner Orphan Care International ) today announced the proposed composition of its Board of Directors since the Infomatec Integrated Information Systems AG purchase of approximately 19.9% of the outstanding Boca Research common stock, pursuant to the common stock purchase agreement. The changes to the Board increased the number of Directors from eight to nine. Pursuant to the stock purchase agreement with Infomatec, four members of Infomatec's management team have been appointed to Boca Research's Board. The new Board appointees will stand for election at Boca Research's Annual Meeting, to be held on August 16, 1999. New Board appointees from Infomatec include Karl Gruns, chief financial officer, Gerhard R. Harlos, co-chief executive officer, Alexander Haefele, co-chief executive officer and Edward Will, chairman and chief executive officer of Infomatec International AG, a subsidiary of Infomatec. Also standing for election at the Annual Meeting will be Boca Research's Chairman, Robert W. Ferguson and four of Boca Research's current outside directors, Arthur R. Wyatt, professor at the University of Illinois University of Illinois may refer to:
Tony Zalenski, Boca Research's president and chief executive officer commented, "Our partnership with Infomatec will make Boca Research a stronger player in the Internet and we look forward to their counsel as elected members of our Board." Portions of this news release contain forward-looking statements 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Such risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements included in this release. Boca Research Corporate Information Founded in 1985, Boca Research is a leading provider of hardware and software technology. Boca Research provides communications solutions that enable data transmission, connectivity of devices, and access to applications and information via the Internet, personal computers, and/or server-based environments. The Company designs, manufactures, markets, and supports quality, innovative products that have a cost, performance, and time-to-market advantage. Boca Research markets modems, thin client/server computing devices, information appliances See Internet appliance. (hardware) Information Appliance - (IA) A consumer device that performs only a few targeted tasks and is controlled by a simple touch-screen interface or push buttons on the device's enclosure. , I/O cards and multiport mul·ti·port adj. Having, relating to, or being a system of multiple ports for injecting fuel separately into each cylinder of an engine. products under the Boca Research name. The Company also markets modems and software under the Global Village(R) brand name. Products are sold worldwide through original equipment manufacturers (OEMs), wholesale distributors, value-added resellers (VARs), and retailers. Boca Research is a U.S. corporation headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and ventures worldwide. Notes to Editors: For copies of recent press releases from Boca Research via fax, call 800-331-1323. For product or company information via the Internet, visit our Web sites at http://www.bocaresearch.com and http://www.globalvillage.com. |
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