Friday's PR: name change on Monday!
Friday April 30, 3:26 pm Eastern Time
Company Press Release
RFID Stockholder Bonus
NEW YORK--(BUSINESS WIRE)--April 30, 1999--RFID Systems Corp. (OTC BB: RFID - news); announces that as part of its acquisition by and merger into Electronic Identification, Inc. (''EI(2)''), EI(2) will begin trading on the Over-the-Counter Bulletin Board, Monday, May 3, 1999, under the symbol ''EISQ''.
EI(2)'s Cusip Number is 285734-10-9 and its transfer agent is Olde Monmouth Stock Transfer Company, 77 Memorial Drive, Atlantic Highlands, NJ 07716. RFID's last trading date is April 30, 1999.
As a bonus to stockholders of RFID who send in their RFID stock certificates for transfer into certificates representing shares of EI(2) prior to May 29, 1999, EI(2) will give all such RFID stockholders the right to purchase, for every ten shares owned and tendered, an additional share of common stock at 75% of the market price of EI(2) stock as of the date of exercise. The rights will be exercisable for 30 days after the underlying shares become freely tradable. Market price will be the average closing price of EI(2) stock for the five days preceding exercise.
RFID stockholders who deliver their certificates after May 29, 1999 will not receive the right to purchase additional shares of EI(2).
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, competition, new products and technological changes, intellectual property rights and other risks.
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Contact:
RFID Systems Corp.
John Di Cicco, 604/684-8002
Fax: 604/689-2669
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