| |
"Valuable and Pertinent Information" - Under The Terms Of The Trust
Sample News Release:
______________________________________________________________________
DENVER, Oct. 31 /PRNewswire/ -- Deceler8 Technology Corporation (''Deceler8'' or the ''Company'') (Nasdaq:DCLY) announced that 1,140,000 of the 1,475,000 outstanding options and warrants were exercised by the Company's Chairman and contributed to a trust. The remaining 335,000 options are held by key employees of the Company, and when acquired by the employees will be subject to restrictions [?] upon resale. Under the terms of the trust these shares will be carried as treasury stock on the Company's balance sheet until released. The trust provides that upon the Chairman's death, disability, or termination of his employment the shares will be released ratably over the subsequent ten (10) years, unless the Board of Directors determines otherwise.
For more information about Deceler8's Prost8 2000 and other products and services, contact:
Dumass Gimmie, CEO
info@deceler8.com
URL: www.deceler8.com
SOURCE Deceler8 Technology Corporation
More news for referenced ticker symbols: DCLY, and related industries: computer.
______________________________________________________________________
Bounced Czech
(FBN - Trust.) |
|
