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Computone Corporation Announces Shareholders Rights Program.


Business Editors

ATLANTA--(BUSINESS WIRE)--Dec. 19, 2001

Computone Corporation (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: CMPT CMPT Computer Science (course)
CMPT Compartment
CMPT Compute
CMPT Centre for Marine and Petroleum Technology (UK)
CMPT Certified Manual Physical Therapist
) announced today that its Board of Directors approved a Shareholders' Rights Program under which existing shareholders of record will receive the right to purchase additional Computone common stock at a reduced price for a specific period of time.

Computone has designed the program to raise additional capital without a significant dilutive effect. It is envisioned that the funds raised through this Program will adequately meet capital demands through the second quarter of 2002, at which time the Company expects to achieve profitability. Details of the Program are in process of being finalized and more complete information will be made available to Computone shareholders in the near future.

Computone (OTC BB: CMPT) (www.computone.com) has been a leader in the IT industry since 1984. Computone designs, manufactures and markets a line of servers for remote network management, E-commerce, and remote access communications for Internet, Sun(R) (SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA)
SUNW Stanford University Network Workstation (Sun Microsystems, Inc) 
), Linux(R), Hewlett-Packard(R) (HWP HWP Height (and) Weight Proportionate
HWP Half-Wave Plate
HWP Highway Patrol
HWP Height Weight Proportional
HWP Hewlett-Packard Corporation (stock symbol)
HWP Hydrolyzed Whey Peptides
), Microsoft(R) Windows(R) NT (MSFT MSFT Microsoft (stock symbol)
MSFT Movimento Sociale Fiamma Tricolore (Italy)
MSFT Multi-Stage Fitness Test
MSFT Master of Science in Family Therapy
MSFT Macalester Students for Fair Trade
) and Novell(R) (NOVL NOVL Novell, Inc. (stock abbreviation, AMEX) ). Multi-User Solutions (www.multiuser.com), a subsidiary of Computone provides nationwide on-site hardware maintenance.

This press release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. CMPT disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.

All trademarks are properties of their respective owners.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 19, 2001
Words:279
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