Bogen Communications International Calls Publicly Traded Warrants.Business Editors RAMSEY, N.J.--(BUSINESS WIRE)--March 30, 2000 Bogen Communications International, Inc., (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 :BOGN) ("Bogen") today announced that it is calling its publicly traded Common Stock Purchase Warrants ("Warrant") for redemption. The Redemption Date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. is May 1, 2000. Each Warrant that has not been exercised by the Redemption Date will be redeemed by Bogen for $.01 per Warrant. Each Warrant entitles the Holder to purchase one Common Share of Bogen Communications International, Inc., for $5.50. There are approximately 2,569,866 publicly traded Warrants outstanding. The closing price of Bogen Common Stock on March 27, 2000 was $12.50. Holders of the Warrants may exercise their Warrants anytime prior to 5:30 pm, Eastern Standard Time, on Monday, May 1, 2000. The Warrants will not be exercisable and will cease to be outstanding and there will be no market for them after the Redemption Date. The Warrant Agent is Continental Stock Transfer & Trust Company, 2 Broadway, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004. Continental's telephone number is (212) 509-4000. Commenting, Jon Guss, Bogen's 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. , stated: "The opportunity to call the public warrants for redemption results from the market recognition of the value we have created in the past two years. Warrant holders still have the opportunity until May 1, 2000 to share in that value through becoming common shareholders by exercising their warrants. Going forward, the Company will have a simpler capital structure as well as a ready pool of funds with which to pursue its strategy of growth through acquisitions and internal investment." Bogen Communications International, Inc., based in Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now and Munich, Germany, develops, manufactures, and markets telecommunications peripherals, sound processing equipment, and unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. products and services. Bogen's products are sold to commercial, industrial, professional and institutional customers worldwide. Except for historical information contained herein, the statements made in this release constitute 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. that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including general market conditions, new technological developments, competition, potential acquisitions and divestitures, the availability of financing alternatives and other risks detailed from time to time in Bogen's reports on file at the Securities and Exchange Commission, including Bogen's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 1998, and Bogen's Form's 10-Q for the fiscal quarter ended September 30, 1999. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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