Printer Friendly

Display Technologies Inc. Announces Protect Period for Warrant Redemption.

ORLANDO, Fla.--(BUSINESS WIRE)--Jan. 26, 1999--Display Technologies Inc. (Nasdaq:DTEK) Tuesday announced that it has made arrangements with its warrant agent, Continental Stock Transfer & Trust Co., to provide a three-day protect period for holders of the company's common stock purchase warrants who wish to exercise their warrants prior to the close of business Wednesday, Jan. 27.

The protect period allows warrant holders to tender their warrant certificates to the warrant agent on or before Feb. 1, provided they deliver the exercise price and the written exercise notice prior to the close of business tomorrow. Each warrant entitles its holder, upon payment of the exercise price of $4.32 per warrant, to receive one share of DTEK common stock, which closed at $6.56 today.

As previously announced, the company has set Thursday, Jan. 28, as the date for redemption of all unexercised warrants at the redemption price of $.07 per warrant.

Display Technologies, through its subsidiaries, designs, manufactures, installs and services high-tech electronic computer driven video displays, message centers, scoreboards and business identity signs, and also manufactures a line of compressed air filter products.

Certain matters addressed in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Such forward-looking statements are subject to a variety of risks and uncertainties that could cause actual results to be different materially from those anticipated by the company's management. The Private Securities Litigation Reform Act of 1995 (the "1995 Act") provides certain "safe harbor" provisions for forward-looking statements. All forward-looking statements made in this release are made pursuant to the 1995 Act. For more information on the potential factors which could affect the company's financial results, reference should be made to the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 1998.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 26, 1999
Words:327
Previous Article:HP Continues to Drive Intelligent Device Communication Standards by Supporting Jini Technology; HP's Successful JetSend Technology to Complement...
Next Article:NBT Bancorp Inc. Announces Record Earnings and Declares Cash Dividend.


Related Articles
The Seagram's stock redemption plan may not last long.
Hauppauge Digital announces that the trading date with respect to its Class A Redeemable Warrants will expire at the close of business on July 17,...
Deswell Industries Inc. To Redeem Its Outstanding Common Share Purchase Warrants.
Bonso Electronics International Inc. Announces Extension of Trading for Warrants.
Bonso Electronics International Inc. Announces Rescission of Warrant Call and the Dismissal of Litigation.
Bonso Electronics International Inc. Announces Extension of Trading for Warrants.
Display Technologies Inc. Calls for Redemption of Stock Warrants.
Paravant Authorizes Protect Period With Regard to Warrant Redemption.
Zix Corporation Restructures Convertible Notes.
Zix Corporation Completes Redemption of $1.6 Million of Convertible Notes.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters