Sayett Group Converts WAH-III Debentures into Equity.ROCHESTER, N.Y.--(BUSINESS WIRE)--January 10, 1995--Sayett Group Inc. (NASDAQ/NMS:"SAYT") today announced that it is exercising its option to convert to equity its outstanding debentures in WAH-III Technology Corp., its active-matrix liquid crystal display An active matrix liquid crystal display (AMLCD) is a type of flat panel display, currently the overwhelming choice of notebook computer manufacturers, due to light weight, very good image quality, wide color gamut, and response time. The term was first used in 1975 by Dr T. (LCD (Liquid Crystal Display) A display technology that uses rod-shaped molecules (liquid crystals) that flow like liquid and bend light. Unenergized, the crystals direct light through two polarizing filters, allowing a natural background color to show. ) venture. Upon conversion, the Company will own 68% of WAH-III. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. William E. Hollis, chief executive officer of Sayett Group Inc., "WAH-III has achieved some significant milestones in the design and development of a small, high-resolution (640 X 480 VGA (Video Graphics Array) The display standard for the PC. All PC display adapters support VGA, and Windows machines boot up in "VGA mode" before switching to higher resolutions. and higher) active-matrix LCD. By converting our debentures into equity, we are recognizing the strategic importance of WAH-III's displays to the future growth potential of Sayett Group as a whole. Following the debenture debenture (dəbĕn`chər), document acknowledging indebtedness. In Great Britain a debenture is practically the same as a bond, and debenture stock is similar to preferred stock. conversion, Sayett Group will be able to consolidate WAH-III's sales and operating results with its own, for financial reporting purposes." Sayett Group also confirmed that its warrants ("SAYTW"), which were issued on February 5, 1992, will expire on February 5, 1995, in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the terms of the original Warrant Agreement. The holder of each warrant is entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to purchase one share of Sayett Group common stock at a price of $8.00 until February 5, 1995. These warrants were issued in connection with an initial public offering by the Company. Sayett Group Inc. designs, manufactures and markets state-of-the-art electronic imaging equipment and components for the multimedia marketplace. Through its subsidiaries and ventures, the Company seeks to exploit new technologies with imaging, display and multimedia applications. The Company's common stock is traded on NASDAQ's National Market System under the symbol "SAYT". CONTACT: Sayett Group Inc.
William E. Hollis
Susan Bennetts
716/264-9250
or
Sayett's Investor Relations Counsel:
R.J. Falkner & Company Inc.
R. Jerry Falkner
800/377-9893
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