SCRIPT SYSTEMS ISSUES STATEMENT ON EXCHANGE OFFER
SCRIPT SYSTEMS ISSUES STATEMENT ON EXCHANGE OFFER HACKENSACK, N.J., Oct. 15 /PRNewswire/ -- Script Systems, Inc.
(NASDAQ: SCPT) today announced that it had been informed by InfoMed, Inc. that InfoMed, Inc. has concluded its discussions with the special committee of Script's board of directors and intends to revise and proceed with the previously proposed exchange offer for the stock of Script. Under the new proposal, each share of the 1,402,424 shares of Script common stock now outstanding would be exchanged for 0.4 share of the common stock of InfoMed Holdings, Inc., a to be formed Delaware corporation which would become a holding company for InfoMed and Script. All 67,500 shares of Script preferred stock would be exchanged for 139,737 shares of InfoMed Holdings, Inc. common. In addition, InfoMed Holdings, Inc. proposes to exchange 2.72 shares of its common stock for each of the 379,626 shares of InfoMed, Inc. common stock outstanding, an aggregate of 370,784 shares of its common for all 10,000 shares of InfoMed, Inc. Series A preferred stock, and an aggregate of 137,502 shares of InfoMed Holdings, Inc. common for the 43,007 shares of InfoMed, Inc. Series B preferred stock. Options and warrants to acquire shares of Script common stock and InfoMed common stock would be changed into rights to acquire InfoMed Holdings, Inc. common stock on the same ratios described above.
Script Systems, Inc. is a publicly held company that is a leading provider of information management systems for physicians' offices, clinics and pharmacies. Script develops, sells and supports data processing systems for single and multi-physician practices and clinics. Script has offices nationwide and over 1,000 installations throughout the United States. This announcement shall not be deemed an offer to purchase or sell any securities. An offering of InfoMed Holdings, Inc. shares may be made only by means of a prospectus. -0- 10/15/92 /CONTACT: Barrett C. O'Donnell of Script Systems, Inc., 609-987-8635, or Sam Witchel of Scharff, Witchel & Co., Inc., 212-983-1060, for Script Systems, Inc./ (SCPT) CO: Script Systems, Inc. ST: New Jersey IN: HEA SU: OFR
TS-OS -- NY065 -- 0447 10/15/92 12:49 EDT
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|Date:||Oct 15, 1992|
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