Data 1, Inc. Plan of Reorganization Approved.SARASOTA Sarasota (sâr'əsō`tə), city (1990 pop. 50,961), seat of Sarasota co., SW Fla., on Sarasota Bay; settled c.1884, inc. 1914. , Fla.--(BUSINESS WIRE)--July 1, 1998--On June 19, 1998, the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , Middle District of Florida, Tampa Division entered the order confirming Data 1, Inc.'s (Nasdaq E.B.B. symbol:DMEM DMEM Dulbecco's Modified Eagle's Medium (for cell culture growth) DMEM Design Manufacture and Engineering Management Department ) Plan of Reorganization which provides for fair and equitable equitable adj. 1) just, based on fairness and not legal technicalities. 2) refers to positive remedies (orders to do something, not money damages) employed by the courts to solve disputes or give relief. (See: equity) EQUITABLE. payment to all creditors and allows Data 1, Inc. to immediately move forward with its new business plan. "The company has worked long and hard in solving its past problems and is now focused on reestablishing its business and creating an exciting and profitable future," said Howard Davidsmeyer, Chairman of the Board.
CONTACT: RMJ & Associates
Peter Bianchi, 281/596-9000
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