To: Jeffrey L. Henken who wrote (1852 ) 5/5/1999 12:57:00 PM From: Francois Goelo Read Replies (1) | Respond to of 2662
Jeffrey, UCMP Agrees to Redeem Convertible Preferred Stock... MARIETTA, Ga.--(BUSINESS WIRE)--May 5, 1999--UNICOMP, INC. (NASDAQ: UCMP - news) today announced that they have agreed to redeem 2,000 shares of the Company's 3,000 shares of Preferred Convertible Stock. The remaining 1,000 shares of the Company's Preferred Convertible Stock will be converted in to a maximum of 286,000 shares of UniComp's Common Stock. ''This transaction will enhance shareholder value as the dilution to the stock will be reduced,'' commented UniComp President and CEO Stephen A. Hafer. ''This redemption of the preferred shares represents our continued confidence in the future growth and prospects of our Company,'' added Hafer. About UniComp UniComp, Inc. develops, markets and supports platform-migration, vertical market applications and e-commerce payment processing systems for Windows NT and UNIX-based computer systems and point of transaction processors worldwide. The Company licenses its technology to a cross section of industries including manufacturing, distribution, transportation, public-sector, point of sale and transaction processors. Additionally, the Company provides installation, training and systems integration, serving a worldwide network of end user customers, dealers and distributors. UniComp employs over 400 staff worldwide and has over 50 distributors internationally, with over 30,000 installations in more than 55 countries. Please visit our World Wide Web site at unicomp.com for further information on UniComp. -------------------------------------------------------------------------------- Contact: UniComp, Inc. Robert Shaver, 770/424-3684 Ext. 116 or Investor Relation Resources Marty Tullio or George Logan, 949/376-4458 mktullio@home.com