Cell Robotics International Inc. Announces Distribution of First Semi-Annual Dividend on Preferred Stock.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Sept. 2, 1998--Cell Robotics International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CRII CRII Cooperative Research in Information Infrastructure CRII Customer Returns Improvement Initiative , CRIIP, CRIIW) announced today that it is distributing the first semi-annual stock dividend on its outstanding shares of Series A Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". (the "Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. "). The dividend will be paid to all holders of Preferred Stock of record on Aug. 2, 1998 (the "Record Date"), and shall consist of shares of the company's common stock computed on the basis of 4/10 of one share of common stock for every share of preferred stock owned on the record date. The company is currently completing the tasks necessary to effect the distribution, which is expected to occur in the near future.
CONTACT: Cell Robotics International Inc., Albuquerque
Ronald K. Lohrding, 505/343-1131
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