Ed - merger...thought of you...here it is: Gordon
Puma Technology, Inc. and ProxiNet, Inc. Sign Letter
of Intent to Merge
SAN JOSE, Calif., Aug. 8 /PRNewswire/ -- Puma Technology, Inc. (Nasdaq: PUMA - news) today announced that it has
signed a letter of intent to merge ProxiNet, Inc. (``ProxiNet') into Puma Technology's operations in consideration of an
undisclosed number of shares of Puma common stock. ProxiNet is a privately held Internet application development firm based
in Emeryville, Calif. ProxiNet's technology enables accelerated Web and intranet access by handheld computing devices
through a highly scalable ``smart' proxy-based architecture.
The closing of the merger is subject to certain conditions, including the satisfactory completion of due diligence and execution of
a definitive agreement. The parties expect that the transaction will be accounted for a purchase. The letter of intent has an
expiration date of August 22, 1999. The parties do not intend to disclose any additional details of the transaction until after
closing.
Bradley A. Rowe, Puma Technology President and CEO, stated, ``The merger of Puma and ProxiNet will signal an important
step in adapting the handheld industry for mainstream consumer usage. By combining our respective technologies and
knowledge, we plan to address e-commerce and wireless Internet access in new and innovative ways. We are very focused on
completing this acquisition by the end of this month, so that we can combine efforts to enter this rapidly evolving marketplace.'
About ProxiNet, Inc.
ProxiNet's innovative technologies enable full and immediate access to Web content and corporate data from handheld devices
anytime, anywhere. Its highly scalable ProxiWare(TM) system provides individuals and organizations with secure, graphical and
real-time access to existing, unmodified Web content from a variety of handheld devices. ProxiWeb, ProxiNet's flagship
service, is built on the company's ProxiWare(TM) architecture. A highly-scalable and intelligent middleware solution,
ProxiWare is the combination of ProxiNet's proprietary Smart Delivery System (SDS) and cluster computing, both of which
were developed out of the DARPA*-funded BARWAN (Bay Area Remote Wireless Access Network) research project at
the University of California, Berkeley. The SDS instantly reformats Web content, including graphics and text, optimizing it for
instant delivery to any handheld computing device, including PDAs, such as the Palm Computing Platform, computers powered
by Microsoft Windows CE and smart phones. Recognizing the constraints imposed upon narrow-bandwidth connections, SDS
minimizes the amount of traffic transmitted to optimize and significantly increase the speed of delivery. ProxiWare technology is
constructed on a three-part architecture, consisting of an ultra thin client, proxy server software and a unique set of application
building blocks. Robust and highly scalable, ProxiWare is extensible, flexible and fully parameterized to support any information
appliance. The ProxiWare solution is generally available to Internet Service Providers (ISPs), content providers, hardware
manufacturers, enterprise software vendors and Fortune 500 companies. Partnerships with wireless modem manufacturers
Novatel and Metricom, separately, ensure that these popular wireless modem packages offer users the benefit of receiving a
free ProxiWeb trial with every modem shipped. PDA and handheld device owners can currently download ProxiWeb at no
cost from the ProxiNet Web site, www.proxinet.com.
About Puma Technology, Inc.
Puma Technology (Nasdaq: PUMA - news), a leading provider of mobile device management and synchronization software,
enables consumers, mobile professionals and information technology officers in the corporate enterprise to harness the full
capabilities of handheld organizers/computers, ``smart phones' and other wireless personal communication platforms. The
Puma Technology© Intellisync© software platform is the global standard for synchronization and control of the critical
connection between handheld devices and vast stores of information found in corporate databases, the Internet and individual
desktops. Puma is the only company that provides an end-to-end PDA management solution that addresses virtually every
scenario for synchronization, total customization of device-based applications, centralized backup, security, information flow
control, notification, and browsing of critical information. The company's Intellisync platform enables the management and
development of software to make handheld devices true extensions of the corporate server, the Internet and individual
desktops. The Intellisync platform enables mobile access to up-to-the-minute, accurate, ``anytime, anywhere' information and
has been adopted worldwide by individuals, companies, mobile device manufacturers, telecommunications carriers and on-line
contact, calendar and event services. The company, headquartered in San Jose, Calif., maintains a web site at
www.pumatech.com.
With the exception of historical factual information, the statements made in this press release constitute forward-looking
statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve certain risks and uncertainties including, without limitation, the timely availability and
acceptance of new products and upgrades, the impact of competitive products and pricing, consummation of binding
agreements with prospective business partners and other factors set forth from time to time in Puma Technology's reports and
registration statements filed with the Securities and Exchange Commission. Actual results could differ materially. Puma
Technology disclaims any obligation to update any forward-looking statements as a result of developments occurring after the
date of this press release.
NOTE: Puma Technology, the Puma Technology logo and Intellisync are trademarks of Puma Technology, Inc. which may be
registered in some jurisdictions. ProxiNet, ProxiWeb and ProxiWare are trademarks of ProxiNet, Inc. All other marks are
owned by their respective owners. |
