United Leisure Corporation Extends Expiration Date of Its Class A Warrants to May 9, 2002
October 4, 2000 08:09 AM Eastern Time
LOS ANGELES--(BUSINESS WIRE)--Oct. 4, 2000--United Leisure Corporation UTDL , today announced it has extended the expiration date of its issued and outstanding Class A Redeemable Common Stock Purchase Warrants, CUSIP Number 910776-11-1, from 5:00 p.m. EST on November 9, 2000 to 5:00 p.m. EST on May 9, 2002.
As of October 2, 2000, 3,303,279 Class A Warrants were outstanding. The exercise price of the Class A Warrants is $4. 20,357,589 shares of United Leisure Corporation common stock were outstanding as October 2, 2000.
United Leisure Corporation UTDL is the parent company of United Internet Technologies (UIT). UIT develops software that connects electronic devices with the Internet. The company's technology allows users to communicate, interact with and control devices from anywhere in the world. Additional information is available on the company's web site at www.uitlive.com.
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events.
CONTACT: United Internet Technologies, Inc. Ari Potash, 310/441-0900 or The Lippin Group Eric Abner, 323/965-1990 |
