Datapoint Corporation Announces Interest Payment On Convertible Subordinated Debentures Expected to be Made Within Grace Period.SAN ANTONIO--(BUSINESS WIRE)--Dec. 1, 1999-- Datapoint Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DTPT) announced that it expects to make the Dec. 1, 1999 interest payment on its 8-7/8% Convertible Subordinated Debentures subordinated debenture An unsecured bond with a claim to assets that is subordinate to all existing and future debt. Thus, in the event that the issuer encounters financial difficulties and must be liquidated, all other claims must be satisfied before within the grace period under the terms of the Indenture dated as of June 1, 1981. The Company expects to receive an advance against the purchase price of the European operations from Reboot Systems Inc., the purchaser, to satisfy its obligation. To date, the advance has not been received. However, Reboot Systems Inc. has given the Company assurances that the funds will be made available. 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 and 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. ). This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion