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To: Traveler who wrote (26089)12/29/1998 1:57:00 PM
From: JOEY  Respond to of 27968
 
Blast from the past:

Atrix International Reports Merger Agreement Approved; Proxy Filed With SEC On December 23rd Tuesday, December 29 12:07 PM ET

MINNEAPOLIS (BUSINESS WIRE) - Atrix International, Inc. of Burnsville, MN announced today that effective December 18, 1998, the Company, Atrix Acquisition Corp. and Steven D. Riedel, the Company's President and Chief Executive Officer, entered into a definitive agreement pursuant to which the Company will be merged into Atrix Acquisition Corp., which was formed by Mr. Riedel to complete the merger. Pursuant to the merger, each outstanding share of Atrix Common Stock will be converted into the right to receive $2.00 in cash per share. Completion of the merger is subject to various customary conditions, including approval of the Company's shareholders and financing. The Company also announced that on December 23, 1998, it filed a preliminary Proxy Statement with the Securities and Exchange Commission relating to the shareholder meeting, which the company plans to call in the first quarter of 1999 to approve the Merger.

Atrix 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. The common stock of Atrix is traded on NASDAQ under the symbol ATXI.

Contact: Atrix International Steven D. Riedel, President and CEO 612-894-6154 SRiedel@Atrix.com Internet: www.Atrix.com