Datapoint Common and Preferred Stock Now Quoted On NASDAQ's OTC Bulletin Board Effective Monday, August 24.SAN ANTONIO--(BUSINESS WIRE)--Aug. 24, 1998--Datapoint Corporation announced today that its common stock and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. is now quoted on the National Association of Securities Dealers' Over-the-Counter Bulletin Board, effective August 24, 1998. Datapoint Corporation's common stock is quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol DTPT, and its preferred stock is quoted under the symbol DTPTP. Datapoint is making arrangements for the quoting of its subordinated debentures, as the Bulletin Board does not quote debt instruments. Datapoint announced earlier this month that its securities will no longer be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol DPT, effective at the end of business Friday, August 21, 1998. The NYSE's decision was an administrative event for Datapoint and does not reflect any material change in Datapoint's financial health. With its U.S. headquarters in San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , TX, and international headquarters in Paris, France, Datapoint specializes in the design, integration, and maintenance of data, voice, and video communication solutions and markets its products and services in 40 countries worldwide. The company is known for its superior R&D and as an inventor of many noteworthy technologies, including the Local Area Network (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ), 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. and multi-speed networking. Datapoint*s World Wide Web site is located at www.datapoint.com.
CONTACT: Datapoint Corporation, Paris
Blake Thomas, President & Chief Operating Officer
33-1-4007-3701
or U.S. Headquarters, San Antonio
Sharon Riggs, Investor Relations
210/593-7901
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