Printer Friendly

STATORDYNE CORP. ANNOUNCES EXTENSION OF WARRANTS

 ANAHEIM, Calif., Nov. 9 /PRNewswire/ -- Statordyne Corp. (AMEX: STY.EC) announced today the extension of the expiration date of its stock purchase warrants from Dec. 21, 1993, to June 1, 1994, at 5 p.m., New York time.
 Holders of the warrants are entitled to purchase one share of the company's common stock for each two warrants plus $3.25. Warrant holders may not purchase fractional shares. Holders of an odd number of warrants are entitled to purchase one share of the company's common stock for the odd warrant plus $3.25.
 Statordyne Corp., headquartered in Anaheim, is engaged in the design, manufacture, and marketing of a line of proprietary products for the power quality and "no-break" standby power services industries. Statordyne Corp. has the exclusive, worldwide license on a patented power quality enhancement and generation technology that will protect power-sensitive facilities such as data processing sites, communications centers, automated industrial facilities, hospitals, and airports against short duration electrical power disturbances and long-term outages of utility power.
 -0- 11/9/93
 /CONTACT: James M. Moore, chairman, Statordyne, 714-704-1000; or William F. Coffin, president, Coffin Communications Group, 818-578-0500/
 (STY)


CO: Statordyne Corp. ST: California IN: UTI SU:

LS-MF -- LA040 -- 2492 11/09/93 18:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 9, 1993
Words:205
Previous Article:PRAIRIE OIL REPORTS CONTINUING STRONG PERFORMANCE
Next Article:HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES FILING OF REGISTRATION STATEMENT FOR THE PUBLIC SALE OF 7.5 MILLION SHARES
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters