SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Bishop who started this subject7/7/2000 4:23:28 PM
From: SSP  Read Replies (2) of 150070
 
Applied Medical Devices, Inc. Announces Letter of Intent to Merge

DENVER, July 7 /PRNewswire/ -- Applied Medical Devices, Inc.
(OTC Bulletin Board: AMDI), today announced it has entered into a letter of
intent with NISCO Systems, Incorporated, of Lawrenceville, Georgia. NISCO was
organized in 1999 to design and install high-speed telecommunications
infrastructures for corporations, specializing in complex inter-building,
intra-building, outside-plant and corporate networks.
The terms of the merger and other information regarding NISCO and the
Company will be provided to shareholders in a proxy statement to be filed with
the Securities and Exchange Commission.
In addition to shareholder approvals, the closing of the merger will be
subject to completion of due diligence and the execution of a definitive
agreement, which is expected to include representations and warranties
customary to a transaction of this nature.
Allan Lager, President of the Company, stated, "We have been engaged in a
long-standing effort to find a suitable merger partner. We believe that we
have been successful in accomplishing our objective with NISCO, and we are
hopeful that the merger process will proceed smoothly and that we will be able
to close the merger later this year."

INVESTOR NOTICES
This press release includes "forward-looking statements" as defined by the
Securities and Exchange Commission (the "SEC"). Such statements are those
concerning the Company's merger plans. All statements, other than statements
of historical fact, included in this press release that address activities,
events or developments that the Company believes or anticipates will or may
occur in the future are forward-looking statements. This includes completion
of the proposed merger and other matters. These statements are based on
certain assumptions made by the Company based on its experience, expected
future developments and other factors it believes are appropriate in the
circumstances. Such statements are subject to a number of assumptions, risks
and uncertainties, many of which are beyond the control of the Company.
Investors are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ materially from
those projected in the forward-looking statements.
Investors and security holders are advised to read the proxy statement to
be filed with the SEC in connection with the proposed merger because it will
contain important information. The proxy statement will be filed with the SEC
by the Company. Investors and security holders may obtain a free copy of the
proxy statement (when available) and other documents filed by the Company with
the SEC at the SEC's website at www.sec.gov. The proxy statement may also be
obtained from the Company by directing such request to the Company, at P.O.
Box 2365, Edwards, Colorado 81632; telephone (970) 926-3631.

SOURCE Applied Medical Devices, Inc.
-0- 07/07/2000
/CONTACT: Greg Pusey of Applied Medical Devices, Inc., 970-926-3631/
(AMDI)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext