HERE IS THE FULL PRESS RELEASE
....FOR THOSE WHO DON'T WANT TO SEARCH FOR IT
Tuesday March 31, 6:00 pm Eastern Time
Company Press Release
SOURCE: Atrix International, Inc.
Five Percent of Atrix International Stock Acquired by Firamada
Atrix Indicates Willingness to Hold Discussions, Requests Additional Information
MINNEAPOLIS, March 31 /PRNewswire/ -- Atrix International, Inc. (Nasdaq: ATXI - news) announced today that it has been notified by representatives of Firamada, Inc. (OTC Bulletin Board: FAMH - news) 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. |
