Ecometry Corporation Completes Merger With SG Merger Corp.Business Editors/High Tech Writers DELRAY BEACH Delray Beach, resort city (1990 pop. 47,181), Palm Beach co., SE Fla., on the Atlantic coast; settled 1895, inc. 1911. Mostly residential, Delray Beach is also the trade center for a citrus-fruit and vegetable-growing region. , Fla.--(BUSINESS WIRE)--May 31, 2002 Ecometry(R) Corporation (Nasdaq:ECOM ECOM Electronic Commerce ECOM Emergency Communications ECOM Electronics Command (Army) ECOM Emission Control ECOM Electronic Computer-Originated Mail ECOM United States Army Electronics Command ECOM Ethernet Communication Module ), a provider of integrated software Separate software components or applications that have been combined into one package. See integrated software package. solutions for multi-channel commerce, today announced that the merger of SG Merger Corp. into Ecometry, with Ecometry being the surviving corporation, became effective today. The merger agreement between Ecometry and Syngistix, Inc. was terminated effective today. As a result of the merger, shareholders other than SG Merger Corp., Wilburn W. Smith and Allan J. Gardner will receive $2.70 per share, in cash. Ecometry's common stock will cease to be publicly traded and will be delisted from Nasdaq, effective the close of the market today. About Ecometry Corporation Ecometry is a provider of multi-channel commerce solutions worldwide. The Ecometry family of products ensures customer satisfaction throughout the multi-channel shopping and buying experience. Its flagship product, Ecometry Retail Enterprise(TM) is a customer-focused, high volume suite of business applications designed to completely automate front-end and back-end In their most general meanings, the terms front end and back end refer to the initial and the end stages of a process flow. These terms acquire more special meanings in particular areas. operations across multiple channels. It enables retailers to acquire, retain and manage customers, suppliers and partners from one centralized database. Headquartered in Delray Beach, Florida Delray Beach is a city in Palm Beach County, Florida, USA. As of the 2000 census, the city had a total population of 60,020. As of 2004, the population estimated by the U.S. Census Bureau is 64,150. , Ecometry's client roster includes industry-leading retailers such as Nordstrom, Time Life, Brookstone, Zales, Hickory Farms, Levenger, Nine West, Coldwater Creek, Hallmark, Urban Outfitters and Lego. For more information, visit http://www.ecometry.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release may contain forward-looking statements, express and implied. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements, including without limitation the risk factors discussed in Ecometry's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , filed on March 8, 2002 and Ecometry's other filings with the SEC. |
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