O'DONNELL DAVIS MANAGEMENT AND SCRIPT SYSTEMS SHAREHOLDERS COMMITTEE SIGN AGREEMENT
O'DONNELL DAVIS MANAGEMENT AND SCRIPT SYSTEMS
SHAREHOLDERS COMMITTEE SIGN AGREEMENT
HACKENSACK, N.J., Dec. 9 /PRNewswire/ -- O'Donnell Davis Management, Inc. and the Script Systems, Inc. (NASDAQ: SCPT) shareholders committee have signed an agreement whereby all parties agreed to dismiss immediately all litigation including federal and state claims and counterclaims.
These actions involved the two participants in the agreement plus Script, Barry Mindes, Bernard Albanese, Harold Rapaport, and the board of directors of Script.
As part of the agreement, Mr. Innes will join a newly created executive committee which will report to the board of directors. This committee will meet regularly to discuss various matters important to the operations of Script Systems.
/CONTACT: Barry Mindes of Script Systems, 201-343-8500, or Sam Witchel of Scharff, Witchel & Co., 212-983-1060, for Script Systems/
(SCPT) CO: Script Systems Inc.; O'Donnell Davis Management Inc. ST: New Jersey IN: SU: SM-CK -- NY036 -- 0544 12/09/91 12:25 EST