Datapoint Announces Interest Payment On Convertible Subordinated Debentures Made Within Grace Period.SAN ANTONIO--(BUSINESS WIRE)--June 24, 1999-- Datapoint Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DTPT) today announced that it had made the June 1999 interest payment on its 8 7/8% Convertible Subordinated Debentures within the grace period under the terms of the Indenture dated as of June 1, 1981. In addition, the Company noted that negotiations and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. efforts are proceeding on the acquisition of S.F. Digital and the Corebyte product family as well as the sale of Datapoint's European Operations. Corebyte, the core product of S.F. Digital, provides a cost effective, comprehensive and innovative network solution for corporations with large data management requirements, public and private institutions, and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . The acquisition is subject to completion of due diligence and approval by Datapoint's Board of Directors. With regards to its European Operations, Datapoint and its wholly-owned subsidiary, Datapoint International Inc., have entered into a Letter of Intent to sell these operations for $49.5 million plus the assumption of certain liabilities to an investor group headed by Blake Thomas, the president of the corporation and which includes key European management employees and Aim High Enterprises, of Braintree, Mass. The acquisition is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent certain conditions including acquisition financing, the negotiation of definitive purchase documentation, necessary governmental and third party consents and the completion of due diligence. With its U.S. headquarters in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , and international headquarters in Paris, France, Datapoint is a recognized innovator in modern networking infrastructure. Datapoint specializes in the design, integration and maintenance of data, voice, video and networking communications solutions including call center, computer-telephony integration (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) and distributed video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. products and services. This press release contains forward-looking statements that involve uncertainties, including, but not limited to, risks and uncertainties related to foreign currency translations, the competitive environment and other risks. Future trends and results may differ materially from disclosures contained in this release. |
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