Conolog Announces Filing of Registration Statement for Publicly Traded Warrants; Potential Net Proceeds Could Equal $35 Million.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--March 8, 2000 Conolog Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CNLG,CNLGW), an engineering and design company that provides digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). solutions (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive ), announced today that it has filed an amendment to the registration statement pertaining to its publicly traded warrants to enable the holders of those warrants to exercise them. The registration statement also relates to 265,500 warrants and 367,750 shares on behalf of selling stockbrokers. If all the holders of the warrants were to exercise their rights in full after the effective date of the registration statement, Conolog would receive approximately $35,000,000 in net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). . Conolog's President, Robert Benou, commented, "With the recent improvement in our share price, we decided it was appropriate for us to make this filing which will permit our warrant holders to exercise their rights if they so desire. We will issue another press release when the registration statement is declared effective." Conolog Corporation is an engineering and design company primarily engaged in providing engineering and technical personnel, and manufacturing a line of digital signal processing systems (DSP), including transmitters, receivers and multiplexers, under the INIVEN trade name. Forward-looking statements in this release are made pursuant to the "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. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, changes in the rates of subscriber acquisition and retention, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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