Metrologic Instruments Intends to File an Amendment to its Registration Statement; Management Decides to Retain Shares.Business Editors BLACKWOOD blackwood, name for several trees, especially an acacia. , N.J.--(BUSINESS WIRE)--Sept. 9, 2003 Metrologic Instruments Metrologic Instruments is an automated identification and data capture (AIDC) company headquartered in Blackwood, New Jersey. Metrologic Instruments designs, manufactures and markets bar code decoding hardware, adaptive optical solutions and high-speed image processing , Inc. (NASDAQ-NMS: MTLG), experts in optical image capture and processing solutions that design, manufacture and market sophisticated imaging and scanning solutions for a variety of point-of-sale point of sale n. pl. points of sale A business or place where a product or service can be purchased. Also called point of purchase. point , commercial and industrial applications using a broad array of laser, holographic See holographic storage. and vision-based technologies, today announced that it will file with the Securities and Exchange Commission an amendment to its registration statement reducing the number of shares of common stock being offered from 2,022,500 to 1,500,000. The 522,500 shares that were to be sold by certain selling shareholders including C. Harry Knowles, the company's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , who intended to offer 200,000 shares of currently issued and outstanding common stock, and the Knowles Science Teaching Foundation ("KSTF") which intended to offer 300,000 shares of currently issued and outstanding common stock, will no longer be included in the offering. Therefore, the offering will now consist of 1,500,000 shares of common stock to be offered by the Company with an overallotment option overallotment option See greenshoe. of 15%. C. Harry Knowles, Metrologic's Chairman and CEO, stated, "At the time the Company filed its registration statement with the SEC, I added my shares and those of KSTF, to Metrologic's stock offering to provide increased and non-dilutive liquidity to the public float of the Company's shares. I have been gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the daily trading in the Company's shares has maintained a strong average rate. I believe this is in part due to the increase in the number of public shares as a result of our 3 for 2 stock split. With the additional 1.5 million shares that would be added to our public float from Metrologic's potential stock offering, I believe that adding my shares to the potential offering is unnecessary. Accordingly, the shares of Metrologic stock owned by me directly and KSTF will be retained." A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy these securities nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Metrologic Metrologic designs, manufactures and markets sophisticated imaging and scanning solutions for a variety of point-of-sale, commercial and industrial applications. Our solutions use a broad array of laser, holographic and vision-based technologies. Metrologic offers expertise in 1D and 2D bar code reading, portable data collection, optical character recognition optical character recognition (OCR), method for the machine-reading of typeset, typed, and, in some cases, hand-printed letters, numbers, and symbols using optical sensing and a computer. , image lift, and parcel dimensioning and singulation detection for customers in retail, commercial, manufacturing, transportation and logistics, and postal and parcel delivery industries. In addition to its extensive line of bar code scanning and vision system equipment, the company also provides laser beam delivery and control systems to semi-conductor and fiber optic manufacturers, as well as a variety of highly sophisticated optical systems. Metrologic products are sold in more than 100 countries worldwide through Metrologic's sales, service and distribution offices located in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe and Asia. Forward Looking Statements 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. contained in this release are highly dependent upon a variety of important factors which would cause actual results to differ materially from those reflected in such forward looking statements, including among other things, when and whether Metrologic's registration statement will become effective and whether Metrologic completes the sale of common stock. When used in this release and documents referenced, the words "believes," "expects," "may," "should," "seeks," or "anticipates," and similar expressions as they relate to Metrologic or its management are intended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and Exchange Commission. |
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