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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Bilberry who wrote (4879)	1/28/1998 7:54:00 AM
From: Linda Kaplan	Respond to of 9695

I haven't been able to keep up with this thread. Has anyone checked with the company about whether they might extend the warrants? If not, I'll call them. I just saw a news item on another company that has done this, and I'll post it below. I'm hoping that JMAR will, too. Linda -- see below: Headline: ATEC Group's Board of Directors Approves Reduced Exercise Price of Outstanding Warrants ====================================================================== HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jan. 28, 1998--ATEC Group Inc. (NASDAQ:ATEC), a Delaware Corporation, announced today that its board of directors has approved, pursuant to the provisions of Section 141(1) of the General Corporation Law of the State of Delaware, the reduction of the exercise price of the company's currently outstanding 617,150 common stock purchase warrants to $5.00 per share and extend the expiration date of such warrants to Dec. 31, 1998. Surinder Rametra, chairman and chief executive officer of ATEC, stated, "This decision by our board of directors is indicative of our company's concentrated efforts to show our continued support and concern for our valued shareholders. The symbol is ATECW." ATEC Group Inc. is a leading system integrator and provider of a full line of information technology products and services to business, professionals, government agencies and educational institutions. ATEC offers leading computer hardware, software, connectivity devices, multimedia products, data communication via satellite, video conferencing, Internet, intranet and Y2K solutions to their clients. CONTACT: ATEC Group Inc., Hauppauge Seema Wasil, 516/231-2832 or Continental Capital & Equity Corp., Maitland Michael Irving, 407/875-1110 KEYWORD: NEW YORK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED