Novoste Announces Adjournment of Shareholder Meeting until September 26, 2005 to Permit Negotiation of Revised Terms of Merger Agreement.NORCROSS, Ga. -- Novoste Corporation (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 : NOVT) announced today that it adjourned its Special Meeting in lieu of an Annual Meeting of Shareholders until September Until September is a 1984 romantic drama set in France. It stars Karen Allen as an American tourist in Paris who falls in love with a married Frenchman (Thierry Lhermitte). External links 26, 2005. The Company stated that it had convened its shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. on September 14, 2005, as scheduled, and adjourned the meeting to provide further time to negotiate revised terms of its merger agreement with ONI ONI abbr. Office of Naval Intelligence Noun 1. ONI - the military intelligence agency that provides for the intelligence and counterintelligence and investigative and security requirements of the United States Navy Medical Systems. Alfred J. Novak, the company's President and Chief Executive Officer stated: "Based upon the comments we have received from a number of our shareholders on the proposed merger transaction, the Company and ONI are currently negotiating certain revisions to the terms of the Merger Agreement. If we are successful in this effort, we will disseminate to our shareholders a supplemental proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. describing the terms as revised. There can be no assurance, however, that Novoste and ONI will be able to reach agreement on the terms of a revised agreement." Novoste noted that the meeting will be reconvened on September 26, 2005 at 9:00 a.m. local time at the Novoste headquarters located at 4350 International Blvd., Norcross, Georgia. About Novoste Novoste common stock is traded on the NASDAQ National Stock Market under the symbol NOVT. For general company information, please call (770) 717-0904 or visit Novoste's web site at www.novoste.com. Forward-Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements include, but are not limited to, statements regarding the benefits of the proposed merger between Novoste and ONI, the combined company's plans, objectives and expectations, Novoste's proposed sale of its VBT VBT Valence Bond Theory VBT Very Bad Thing VBT Visual Basic for Test (software language) VBT Världens Barnsligaste Tjugonioåring business, and all other statements that are not historical facts. These forward-looking statements are based on the current beliefs and expectations of Novoste's and ONI's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in these forward-looking statements. |
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