CorVu's Board of Directors Approve Special Warrant Dividend.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--March 21, 2000 CorVu Corporation (CRVU 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 : bb) announced today that its board of directors has approved a special warrant dividend to shareholders of record April 28, 2000. Each shareholder will receive a warrant entitling them to purchase an additional share of common stock for every ten common shares they own as of the record date, at an exercise price of $8.00 per share, the closing price of the Company's common stock on March 17, 2000. The warrants will expire on May 28, 2002. The Company anticipates filing a registration statement in connection with the warrant dividend to enable the shareholders to trade the securities. "The dividend will allow for the financing of our current expansion of business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Europe," stated Justin MacIntosh, CorVu's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . In addition to the warrant dividend, the company's board also approved a private placement of stock to raise an additional $2.5 million. CorVu will have the right to call the warrants if and when certain conditions have been met, including when the common stock of the Company trades above $12.00 per share for ten consecutive trading days. MacIntosh continued, "This process allows us to reward our current shareholders in a non-dilutive way, while ensuring access to the capital necessary to fund our continuing growth." About CorVu CorVu is a global provider of Enterprise e-Business Performance Management, Business Intelligence and Balanced Scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing Solutions. Combining OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. query and reporting, executive dashboard alerts, forecasting, and Balanced Scorecard applications, CorVu provides a comprehensive Enterprise Business Performance Management solutions. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Cincinnati, Dallas, Los Angeles, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco, and Washington D.C.; Asia Pacific offices in Sydney, Auckland, Melbourne, Brisbane and Perth; and European offices in London, Munich, Rotterdam, Sheffield and Stockholm. With more than 2500 customers, including companies such as Datacard, Mincom, Prudential, Sara Lee, Unisys, Ford Motor Company and British Airways, CorVu's Enterprise Business Performance Management and Balanced Scorecard solutions are gaining market acceptance. Additional information about CorVu products and services can be found on CorVu's web site at http://www.corvu.com (http://www.corvu.com) or call (800) 610-0769. All company and product names are trademarks of their respective owners. |
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