Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (17412)	11/15/1999 11:15:00 AM
From: RCJIII	Respond to of 29382

ADRN finally closes the McGlen deal, this one is now ready to begin a move up. (BSNS WIRE) Adrenalin Shareholders Approve Merger With McGlen Micro Adrenalin Shareholders Approve Merger With McGlen Micro Business & Technology Editors LOS ANGELES--(BUSINESS WIRE)--Nov. 15, 1999--Adrenalin Interactive Inc. (Nasdaq:ADRN) Monday announced that, at its Annual Meeting held Nov. 11, 1999, the Shareholders of the Company voted to approve the previously announced merger with McGlen Micro Inc. All of the other propositions submitted to the shareholders at the meeting were also approved. Jay Smith, CEO of Adrenalin said: "This is an exciting decision for the company and paves the way for our highly anticipated merger with McGlen to occur. All the shareholders should be very pleased." George Lee, CEO of McGlen commented: "We believe the merger with Adrenalin as a public company will substantially benefit our e-commerce business." Adrenalin Interactive develops and licenses Internet games for the World Wide Web, entertainment titles for personal computers, and console video games for Sony, Nintendo and Sega. Adrenalin also develops and licenses electronic toys, particularly interactive, Web-powered toys that are refreshed from a PC via the Internet. Adrenalin creates interactive television games for digital set-top boxes and publishes or licenses certain PC games in 24 countries and 15 languages. McGlen Micro is a private company that provides e-commerce services and products for a wide range of computer-related categories. McGlen Micro has a unique consumer interface and software technology that is popular with mass-market consumers. In March 1999, McGlen Micro acquired a similar company Access Micro Inc dba AMT Component Inc. The offices are located in Tustin, Calif. The statements set forth above with respect to the proposed merger, the benefits thereof and the potential growth of the combined company are forward-looking statements within the meaning of the term in the Private Securities Litigation Reform Act of 1995. As such, they are inherently uncertain and should not be unduly relied upon. As to the consummation of the proposed acquisition, uncertainties include the ability of the parties to negotiate definitive agreements, completion of satisfactory due diligence by both parties, the receipt of regulatory approvals, the satisfaction of other conditions to closing and other uncertainties normally associated with the consummation of business acquisitions. As to the hoped for benefits of the acquisition and potential future growth, uncertainties include the ability to successfully integrate the companies' businesses, technologies and management, the availability of sufficient capital to expand the businesses, customer acceptance on new products, competition and other uncertainties associated with integrating businesses after acquisitions and growth. --30--ECQ/la* CONTACT: McGlen Micro, Inc., Tustin George Lee, 949/851-8078 fax: 949/851-0251 www.mcglen.com or Adrenalin Interactive Inc., Los Angeles Jay Smith, 310/821-7880 fax: 310/821-4251 jsmith@adrenalin.com www.adrenalin.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: E-COMMERCE ELECTRONIC GAMES/MULTIMEDIA SOFTWARE MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *