DiamondSoft, Inc. to Be Acquired By Extensis Inc.; Bitstream to Sell Its Shares in DiamondSoft.Business Editors/High-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 7, 2003 Bitstream Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BITS) announced today that, as part of Extensis Inc.'s acquisition of DiamondSoft, Bitstream will sell its shares in DiamondSoft to Extensis. Bitstream currently owns 31.7% of DiamondSoft. On June 30, 2003, Extensis "announced that it had reached a definitive agreement to acquire DiamondSoft, Inc., the developer of the font management software solution Font Reserve Font Reserve was a Mac OS and Windows compatible font manager sold by Diamondsoft, and later Extensis. Some of the core features were incorporated into a new product, Suitcase Fusion in January 2006. . Extensis is wholly-owned by Celartem Technology USA, Inc." Extensis, which owns Suitcase, and DiamondSoft, which owns Font Reserve, are "joining forces to accelerate further innovations" in font management. "We are thrilled to combine the Extensis and DiamondSoft expertise in font solutions development and are excited for the future products that will result," said Kevin Hurst, Vice President of Product Marketing at Extensis. "Extensis and DiamondSoft understand the font management market better than anyone else," said Brian Berson, President and Founder of DiamondSoft. "We are positioned to market the absolute best client/server font management offering available." "We're very pleased about this acquisition and the precedent it sets," said Anna Chagnon, President of Bitstream. "Both Extensis and DiamondSoft have been at the forefront of font management for years. Now that DiamondSoft is joining forces with Extensis, consumers can only benefit. Going forward, this acquisition will provide users everywhere with complete solutions in font management software." About Bitstream Bitstream Inc. (NASDAQ: BITS) is the leading developer of font technology, digital fonts, and custom font designs. Bitstream licenses its award-winning TrueDoc(R) and Font Fusion Bitstream Font Fusion is a small, fast, object-oriented font engine written in ANSI C capable of rendering high-quality text on any platform, any device, and at any resolution. The entire source code is portable, optimized, and executes independent of operating system and processor. (TM) technologies to Web and application developers, and to manufacturers of information appliances See Internet appliance. (hardware) Information Appliance - (IA) A consumer device that performs only a few targeted tasks and is controlled by a simple touch-screen interface or push buttons on the device's enclosure. , wireless and handheld devices, set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. , embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. , and printers. Setting the standard for excellence in font technology, Bitstream holds numerous key patents that cover the creation of portable fonts for the Internet. Building on this experience, Bitstream has released ThunderHawk(TM), a full-featured browser for the wireless Web. Founded in 1981, Bitstream is the first independent digital font foundry. In 1999, Bitstream created MyFonts.com(TM), Inc. (www.myfonts.com), the Web site for finding, trying, and buying fonts on line. Also in 1999, Bitstream established Pageflex(TM), Inc. (www.pageflexinc.com), the pioneer of a new direction in composition software: Web-top publishing. Bitstream is headquartered in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. . About Extensis, Inc. Extensis Inc., a Celartem company, is a leading publisher of software and tools that extend the capabilities of creative professionals. Extensis' award winning and industry standard products include: Suitcase for font management, Portfolio for asset management, PrintReady for preflight pre·flight adj. Preparing for or occurring before flight. tr.v. pre·flight·ed, pre·flight·ing, pre·flights To check (an aircraft) for airworthiness before flight. and file delivery, plug-in enhancements for Photoshop (Mask Pro, Intellihance, PhotoTools, PhotoFrame), and productivity enhancements for QuarkXPress (QX-Tools, QX-Effects). Extensis was founded in 1993, by creative professionals for creative professionals, and is based in Portland, Oregon and the United Kingdom. Extensis is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Celartem Technology USA Inc., which is wholly owned by Celartem Technology Inc., (Hercules: 4330). For additional information, please visit our website at http://www.extensis.com or call 1-800-796-9798. About DiamondSoft DiamondSoft, Inc., based in Mill Valley, CA, was founded in 1995 to solve the font management problems of the publishing industry. Its mission is to provide software tools that enable professionals to focus on the creative aspects of their jobs, letting the computer handle the mundane and laborious la·bo·ri·ous adj. 1. Marked by or requiring long, hard work: spent many laborious hours on the project. 2. Hard-working; industrious. aspects. For more information, please send email to info@diamondsoft.com. About Celartem Celartem Technology Inc. was established in 1996 to conduct research and development into storage and distribution technologies for digital images. It has developed, and sells VFZ VFZ Vector Format for Zooming VFZ Viktor Frankl Zentrum (Vienna, Austria) VFZ Video Effects technology, which allows digital images to be stored and distributed without any loss in resolution; and the Protected Archive Distribution Server that allows digital images to be distributed over networks in a secure manner at original resolution. On December 11, 2001, Celartem was listed on the Osaka Securities Exchange Osaka Securities Exchange (OSE) Established after World War II, one of the three major securities markets in Japan. , Hercules Market (Hercules:4330). Please visit http://www.celartem.com for more information. Bitstream and TrueDoc are registered trademarks, and the Bitstream logo, Font Fusion, MyFonts.com, and ThunderHawk are trademarks, of Bitstream Inc. Pageflex is a registered trademark of Pageflex, Inc. Other technologies and brand names are trademarks or registered trademarks of their respective companies. |
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