Steve, they are trading as SPCOD until 01/27/97, after that they'll go back to SPCO. Have no idea why. Their PR said so without any explanation. Doesn't look kosher to me - otherwise they'd explain. Also, notice that they almost doubled the number of authorized shares. One thing is good though - Fred Gibbons is out of the management. --Boris
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The following is ANMI/SPCO' p-release
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Allegro Common Stock to Trade on Nasdaq Small-Cap Market as SPCOD from December 30, 1996 Until January 27, 1997 and as SPCO Thereafter
FAIRFIELD, N.J., Dec. 30 /PRNewswire/ -- Allegro New Media Inc announced today that the merger of its wholly owned subsidiary, SPC Acquisition Corporation, with Software Publishing Corporation (formerly Nasdaq: SPCO), announced on December 23, 1996, became effective on December 27, 1996.
Allegro reported that, as of the effective time of the merger, the number of authorized shares of common stock of Allegro was increased from 18 million to 30 million.
Allegro also announced that its common stock will be listed under the symbol SPCOD on the Nasdaq Small-Cap market from December 30, 1996 until January 27, 1997; and as SPCO from and after January 28, 1997.
Allegro New Media is an international supplier of visual ommunications and business productivity computer software through its three operating subsidiaries: Software Publishing Corporation (SPC), based in San ose, California; Serif Inc., based in Nashua, New Hampshire; and Serif Europe) Limited, based in Nottingham, England. The Serif subsidiaries were acquired in August 1996.
Allegro's principal product line now includes ActiveOffice(TM), ASAP WordPower(TM), ASAP WebShow(TM), ASAP(TM), Harvard Graphics(R), Harvard ChartXL(R), Harvard Spotlight(R), PagePlus(TM), DrawPlus(TM), Entrepreneur 1000 Forms and Letters and Learn To Do(R) Windows 95 with
John C. Dvorak. The Harvard product line is a group of products from SPC which have no connection with Harvard University.
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for computer software, the amount of sales of the company's products, the competitive environment within the computer software industry, the ability of the company to integrate the operations of Allegro, SPC and Serif, the level and costs incurred in connection with the company's product development efforts and the financial strength of the retail industry. Investors are also directed to consider other risks and uncertainties discussed in documents filed with the Securities and Exchange Commission.
The merged companies' products are available at retail outlets throughout North America and Europe or may be ordered directly by calling 888-ALLEGRO or 800-336-8360. For more information visit websites at businessp1us.com or spco.com. SOURCE Allegro New Media, Inc. |
