CDC Systems Inc. Announces Retirement of 54 Million Shares of Its Restricted Common Stock.DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Systems Inc. (PINK SHEETS:CUPY) is proud to announce that the Board of Directors has decided to retire 54 million shares of the Company's restricted common stock to increase shareholder value. With the reduced number of shares outstanding each stockholder will be able to realize common stock growth and enhance their current position as a stock owner of CDC Systems Inc. CDC Systems Inc. has developed innovative, highly-efficient natural gas compressors <includeonly></includeonly>A gas compressor is a mechanical device that increases the pressure of a gas by reducing its volume. Compression of a gas naturally increases its temperature. to convert marginal, non-profitable wells into profitable producers. The market of marginal wells numbers 225,000 nationwide and is growing 10,000 to 15,000 every year. CDC Systems compressors are also well-suited for the market of newly drilled wells, which is expected to number approximately 25,000 for 2004 -- the market most commonly focused on by leading compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve companies. Matters discussed in this press release are "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. ." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. For more information about CDC Systems Inc. go to www.cdc-systems.com |
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