Datapoint Enters Into Stock Purchase Agreement to Sell European Operations.PARIS--(BUSINESS WIRE)--Aug. 19, 1999-- Datapoint Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DTPT) announced today that it and several of its direct and indirect subsidiaries, have entered into a Stock Purchase Agreement to sell its European operations for $49.5 million plus the assumption of certain liabilities to Reboot Systems Inc., a group that includes Aim High Enterprises of Braintree, Mass., and key European management employees headed by Blake Thomas, the President of the Corporation. 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 the buyer obtaining acquisition financing, the resolution of certain unresolved business issues, and obtaining shareholder and debenture holder consent to the transaction. The Corporation may make a tender offer to acquire up to all of the outstanding debentures of the Corporation at a price which has not yet been determined. The sale of its European operations is consistent with the desire of the Corporation to focus its efforts and resources on acquiring, developing and marketing products with Internet and e-commerce applications. In this regard, through its subsidiary, Corebyte Inc., the Corporation recently acquired the Corebyte(tm) product family which consists of Internet communication and networking software  This article is written like a personal reflection or and may require .Please [ improve this article] by rewriting this article in an . products. 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 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. |
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