SULCUS COMPUTER CORP. TO REDEEM PREFERRED STOCK.
GREENSBURG, Pa., Nov. 24 ~PRNewswire~ -- Sulcus Computer Corporation (AMEX: SUL), announced today that it has elected to redeem all outstanding shares of its Series A Redeemable Preferred Stock (NASDAQ: SULCP), at the redemption price of $4.00 per share, according to Jeffrey S. Ratner, chairman and chief executive officer. The redemption date has been set for Dec. 30, 1992. Holders of Preferred Stock will have until 4:00 p.m., New York City Time on Dec. 30, 1992 to convert their Preferred Stock in to Common Stock or surrender their shares for redemption. Sulcus Computer Corporation is a leading developer of automated systems for the hospitality, legal and real estate markets. Sulcus Hospitality systems are in operation in more than an estimated 4,500 hotels, resorts, restaurants and country clubs in six continents. Customers include such names as Sheraton, Marriott, Radisson, ANA, Embassy Suites, Nikko, Holiday Inn, ChiChi's, Four Seasons, Canadian Pacific, Interstate, Clubhouse Inns, Sfuzzis, Regent and Novotel. -0- 11~24~92 ~CONTACT: Jeffrey S. Ratner, chairman & CEO; or, John W. Ryba, General Counsel, 412-836-2000, both of Sulcus Computer~ (SUL)
CO: Sulcus Computer Corporation ST: Pennsylvania IN: CPR SU:
LR -- NY050 -- 1089 11~24~92 13:17 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 24, 1992|
|Previous Article:||LAWRENCE TAYLOR TEAMS UP WITH VIRTUAL REALITY TO SET UP ALL PRO SPORTS PRODUCTS, A VIRTUAL REALITY SPORTS AND ENTERTAINMENT GAMES COMPANY|
|Next Article:||CANAL-RANDOLPH LIMITED PARTNERSHIP TO MAKE LIQUIDATING CASH DISTRIBUTIONS|