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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)

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To: frank versace who wrote (1542)	3/30/2000 11:19:00 PM
From: pjd22	Read Replies (1) of 1606

Latest PR _ Plaintree acquires A.T. Schindler; raises $10-million This should give us some confidence in the new management team as they were able to ensure that LAN gets the most out of the deal by ensuring that the maximum potential value is received from the PP. They were able to get the price back to $2 at close yesterday. Now if everyone executes the second half of the PP, LAN will get an extra $10 mil (5,000,000 x $2........hey , I even got it right this time ) to execute their strategy over the next year. Now they will have $20 million. I like it! I think we will see a good recovery tomorrow and once they release the profit next week ( I'm predicting Tuesday...hopefully I go 2 for 2 on the PR predictions ......LAN will take off as we all have been anticipating. Watch for more news on another deal with the Navy and more! Plaintree plans $10-million warrant issue Plaintree acquires A.T. Schindler; raises $10-million Plaintree Systems Inc LAN Shares issued 70,461,807 Mar 29 close $2.00 Thu 30 Mar 2000 News Release Mr. David Watson reports Plaintree Systems has executed all of the agreements necessary to complete the acquisition of A.T. Schindler and its FiRLAN product line. The company also finalized its private placement with Taurus Capital for the sum of $10-million. This week marks the integration of the FiRLAN staff into the Plaintree marketing and engineering facilities. Plans to accelerate research and development on both the wireless and switching LAN product lines are now under way. "We look forward to a new and profitable chapter for Plaintree," said David Watson, Plaintree president and chief executive officer. "With a consolidated engineering staff and funding to take us through the upcoming intense phase of research, development and marketing, we intend to bring new products to the marketplace in the near future." The $10-million private placement with Taurus Capital, raised through special warrants at of $1, also entitles the holders of each special warrant to purchase one-half of a full purchase warrant at the price of $2 (closing price on March 29, 2000). The purchase warrants will be exercisable for a period of 15 months from the closing date.

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