Just out - hope it gets to you all
Five Percent of Atrix International Stock Acquired by Firamada
(PR Newswire; 03/31/98)
Atrix Indicates Willingness to Hold Discussions, Requests Additional
Information
MINNEAPOLIS, March 31 /PRNewswire/ Atrix International, Inc. (Nasdaq:
ATXI) announced today that it has been notified by representatives of Firamada,
Inc. (OTC Bulletin Board: FAMH) that Firamada has recently acquired
approximately five percent (5%) of Atrix International's outstanding shares. In
addition, Firamada has issued a press release wherein it has indicated that it
will request representation on the Atrix International board of directors.
W. William Bednarczyk, Atrix International's Chairman, and Steven D.
Riedel, Atrix International's President and Chief Executive Officer, in a joint
statement, commented, "We are eager to discuss these developments with the
principals of Firamada, Inc., as well as discuss their stated desire to
facilitate a business combination between our two companies. We have indicated
this in a letter to the company and have requested certain financial
information from the company to assist us in carrying out our fiduciary duties.
We do not believe that we can execute a letter of intent without first
reviewing this information. We look forward to receiving the information from
Firamada and being able to make a responsible and informed decision on behalf
of our shareholders."
Atrix International is a leading edge manufacturer of remote metering and
production monitoring hardware for the copy control and plastic injection
molding industries. The Company develops and writes proprietary monitoring
software for these same industries. In addition, Atrix manufactures industrial
vacuums, vacuum filters and printed circuit board transport cases for the
office machine/computer industries. The Company also offers numerous
innovative programs for supplying tools and instrumentation for field service
organizations throughout the world. |
