Registry Magic, Inc. and Synergex International, Inc. Announce Termination of Merger Plans
Companies to Go Their Separate Ways, Explore New Opportunities
BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 18, 2000--Registry Magic, Inc. (Nasdaq:RMAG - news) and Synergex International, Inc., today announced the termination of their Merger Agreement.
``We believe that proceeding with the merger at this time is not in the best interest of either Registry Magic, Inc. or Synergex International, Inc.,'' said Lawrence Cohen, Chairman of the Board for Registry Magic, Inc. ``We will continue to develop our speech recognition technology and applications that assist in voice enabling business applications. Furthermore, we will continue to seek ways to maximize the Company's shareholder value.''
About Registry Magic, Inc.
Registry Magic, Incorporated is a world leader in the development of speech recognition technologies, products and services for the mass market. The Company was founded in November 1995 to exploit the rapidly expanding technologies of speech recognition, and is a pioneer in applying speech recognition technology to solve the needs of many different types and sizes of businesses. www.registrymagic.com.
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Contact:
Registry Magic, Inc., Boca Raton
Media Contact:
Radley Moss or Lisa Buyer
954/426-5127
radley@llcomm.com
lisa@llcomm.com |
