MAYBE THIS NEW CON-O-LOG REVERSE SPLIT WILL WORK TO INCREASE SHAREHOLDER VALUE. LOL
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Conolog Announces Results of Annual Shareholders' Meeting
SOMERVILLE, N.J., July 1 /PRNewswire-FirstCall/ -- Conolog Corporation (Nasdaq:CNLG) announced the results of its annual meeting of shareholders held on Wednesday, June 25, 2003. A total of 1,070,084 shares were voted.
The following directors were elected to serve until the next Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified: Robert Benou, Marc Benou, Arpad Havasy, Louis Massad, Edward Reilly and Graham Edwards.
In addition, shareholders approved the amendment of the Certificate of Incorporation of the Company to give effect to a one-for-two reverse split of the common stock of Conolog Corporation, the granting of an aggregate of 800,000 shares of the Company's common stock to its officers and/or directors and the Company's selection of Rosenberg Rich Baker Berman & Company as the Company's independent auditors for the 2003 fiscal year.
Conolog President Marc Benou commented, "We are pleased with the results of the meeting. By approving the Company's proposals, our shareholders confirmed their confidence in Conolog and its management."
About Conolog Corporation
Conolog Corporation provides engineering and design services and technical personnel placement to a variety of industries, government organizations and public utilities nationwide. The Company's INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
Contact: Conolog Corporation: Robert Benou, Chairman, 908/722-8081; National Financial Network, Geoffrey Eiten, Investor Relations; 781/444-6100, ext. 613 or email geiten@nfnonline.com, or visit www.nfnonline.com/cnlg.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Conolog Corporation
CO: Conolog Corporation
ST: New Jersey
SU:
Web site: conolog.com
prnewswire.com
07/01/2003 13:23 EDT |
