Caprius Offers Reduced Warrant Exercise Price to Warrant Holders.Business Editors FORT LEE, N.J.--(BUSINESS WIRE)--Sept. 6, 2002 Caprius, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CAPR CAPR Colegio de Abogados de Puerto Rico (Spanish) CAPR Civil Air Patrol Regulation CAPR Computer Assisted Pipeline Review CAPR Capability Requirement CAPR Capability Request ) today announced that it is offering to holders of its outstanding warrants the opportunity to exercise such warrants at a reduced exercise price for a period of 14 days terminating on September 23, 2002. The reduced exercise price for each of the outstanding warrants shall be equal to 20% of its present exercise price, but not less than $0.11 per share. There are currently 4,319,750 shares of Common Stock underlying the warrants at exercise prices ranging from $0.20 to $1.00 per share. The Company will use the proceeds from any warrant exercised for general working capital. The short-term reduction in warrant exercise prices is intended to provide a quick and inexpensive means to obtain additional capital in a difficult climate for raising capital by entities such as the Company. Any warrant exercised also would reduce a portion of the market overhang Market overhang The theory that, in certain situations, institutions wish to sell their shares but postpone the sale because large orders under current market conditions would drive down the share price and that the consequent threat of securities sales will tend to retard the rate created by these warrants and other outstanding warrants and options. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: The statements made in this press release that are not historical fact 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. " which are based upon current expectations that include a number of risks and uncertainties. Additional factors that could potentially affect the Company's financial results may be found on the Company's filings with the Securities and Exchange Commission. |
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