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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.
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Publication:Business Wire
Date:Jan 26, 1999
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