Dynacore Common Stock Approved for Quotation On the OTC Bulletin Board.Business Editors SAN ANTONIO--(BUSINESS WIRE)--June 18, 2001 Dynacore Holdings Corporation, f/k/a Datapoint Corporation (EBB:DYHC) ("Dynacore" or the "Company"), announced today that the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). (R)) has approved the application for listing and quotation of the Company's Common Stock 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. (a quotation system operated by NASD(R)). The Common Stock of the Company is being quoted and traded under the symbol DYHC. Since the confirmation of the Company's Amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. Plan of Reorganization in December 2000, the Company has been actively pursuing an acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. , property or business that may be beneficial to it and its shareholders. Although the Company has not entered into any proposals, arrangements or understandings with the owners of any business or company regarding the possibility of an acquisition by or merger transaction with the Company, the Company has received expressions of interest regarding such a possibility from several businesses. After preliminary 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. was conducted in this regard, formal presentations from two of these businesses were made to the Company's Board of Directors. Upon careful consideration, the Company's Board of Directors concluded that neither opportunity was in the best interests of the Company and its shareholders, and therefore terminated any further discussions with these businesses. The Company's executive management also reviewed a third business opportunity. However, after the completion of preliminary due diligence, both parties could not agree upon a proposal to enter into serious negotiations. The Company is however, actively pursuing additional opportunities for an acquisition or merger transaction, although the Company can give no assurance that any such endeavor will be successful or profitable. 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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