Centigram Acquires Additional Shares in InfoInterActive.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 3, 1999-- Centigram cen·ti·gram n. A metric unit of mass equal to one hundredth (10-2) of a gram. centigram one-hundredth of a gram; abbreviated cg. Communications Corporation ("Centigram") (Nasdaq:CGRM CGRM Computer Graphics Reference Model (ISO) ) today announced that it has acquired an additional 400,000 common shares of InfoInterActive Inc. (ME:IIA (1) (Information Industry Association, Washington, DC) In 1999, IIA merged with SPA (Software Publishers Association) to become the Software & Information Industry Association. See SIIA. )(ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :IIA) on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg . Prior to this acquisition, Centigram owned a total of 1,075,000 Special Warrants of InfoInterActive, with each Special Warrant exercisable into one common share of InfoInterActive and one-half of a share purchase warrant ("Warrant") of InfoInterActive. Each whole Warrant is exercisable for one common share of InfoInterActive at a price of $3.00 (Canadian) per share, expiring March 3, 2001. Upon exercise of the Special Warrants, Centigram will own 1,075,000 common shares of InfoInterActive as well as 537,500 Warrants which will entitle Centigram to acquire an additional 537,500 common shares of InfoInterActive for a total of 1,612,500 common shares, which, when added to the additional 400,000 common shares which have been acquired, would total 2,012,500 common shares. Such 2,012,500 common shares of InfoInterActive would comprise approximately 12.6% of the total issued and outstanding common shares of InfoInterActive (after giving effect to the additional common shares of InfoInterActive issuable on exercise of all outstanding Special Warrants of InfoInterActive). Centigram has acquired the shares of InfoInterActive for investment purposes and it has no present intention of increasing its ownership in InfoInterActive. Centigram Communications Corporation Centigram Communications Corporation (Nasdaq:CGRM) is a leading global provider of unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. services to mobile and landline telecom service providers. Leveraging its expertise in voice messaging, call processing and IP-enabled multimedia messaging, the company is delivering next-generation communications services that enable the transmission of voice, text, and multimedia content to wireless and wireline phones, PCs and other devices. Centigram is headquartered at 91 East Tasman Drive, San Jose, CA, 95134. Phone 408/944-0250, fax 408/428-3732, or Web http://www.centigram.com. Centigram has sales and support offices in North America, Europe, Asia, Latin America and Australia. Note to Editors: Centigram is a registered trademark of Centigram Communications Corporation. All other trademarks and registered trademarks are the property of their respective owners. Neither the Montreal nor the Alberta Stock Exchanges Alberta Stock Exchange See Canadian Venture Exchange (CDNX). have approved or disapproved the information herein. |
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