To: JDN who wrote (31275 ) 6/2/1999 1:12:00 PM From: bob gauthier Respond to of 31646
TAVA Technologies, Inc. Updates Status of Proposed Acquisition by Real Software N.V. ENGLEWOOD, Colo., June 2 /PRNewswire/ -- On May 27, 1999, TAVA Technologies, Inc. (Nasdaq: TAVA - news) filed with the SEC a preliminary proxy statement relating to the proposed cash merger in which TAVA will be acquired by a wholly-owned subsidiary of Real Software Group N.V. (''Real Software''), for $8.00 per share. As permitted for proxy materials relating to mergers and similar transactions, confidential treatment was requested, and the document currently is not available in the SEC's Edgar database or public reference facilities. Following the SEC review period, the final proxy statement will be publicly available, and will be filed with the SEC no later than the date it is first distributed to shareholders. At this time, it is impossible to predict with any certainty the date on which TAVA's proxy statement will be available to shareholders, or the date of the Shareholders' Meeting. The record date for determining shareholders entitled to receive the proxy statement and to vote at the meeting was May 21, 1999. The proxy statement will be mailed to record date shareholders at least 30 days prior to the Special Meeting. Due to the many inquiries and requests for information TAVA is receiving, status updates about the proposed transaction will be posted on the TAVA web page (www.tavatech.com) under the ''What's News'' section. Additional information concerning the proposed merger is available in TAVA's Current Report on Form 8-K dated April 20, 1999, which includes as exhibits agreements related to the proposed merger. That report was filed with the SEC on April 23, 1999 and is available on the SEC's Web site at www.sec.gov. As noted in that report, to which reference should be made, consummation of the Merger is subject to certain conditions. SOURCE: TAVA Technologies, Inc.