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Last Post: 8/28/2017 11:38:36 AM - Followers: 0 - Board type: Free - Posts Today: 0

PerfectData Executes Letter of Intent to Acquire Graphco Technologies SIMI VALLEY, Calif., Oct 23, 2001 (BUSINESS WIRE) -- PerfectData Corporation (Nasdaq: PERF chart, msgs) today announced that it had executed a non-binding letter of intent with Graphco Technologies, Inc., a privately-held company headquartered in Newtown, Pennsylvania, pursuant to which, and subject to satisfaction of certain conditions including completion of due diligence and execution of a definitive agreement between the companies, Graphco would be merged into a wholly-owned subsidiary of the Company. Graphco Technologies, Inc. (G-TEC) (www.graphcotech.com) is a technology, software, and systems development company providing advanced security solutions for biometric identification, secure access, surveillance, and secure law enforcement incident management. G-TEC solutions offer systems for protecting public and personal security and assets, while protecting data, information, communications, and individual privacy. G-TEC's market focus includes Government and Law Enforcement, and Industrial, Corporate, and Real Estate Security. G-TEC Products and Services: VOICEPASS(R): a proprietary text-independent, voice biometric software technology for speaker identification; FACETRAC(TM): a proprietary facial recognition biometric software system for secure access, and surveillance (under contract with the NFL, FACETRAC(TM) was deployed by G-TEC for facial recognition surveillance at the 2001 championship football game at the Raymond James Stadium in Tampa, FL); The BASTILLE(R): a secure data hosting infrastructure (acquired by G-TEC with the purchase of GTE's law enforcement division); and the Secure Incident Management System (SIMS): an incident-based law enforcement software system, integrated with rapid-search facial-recognition capability, which facilitates secure information exchange, communication, and analysis within and between law enforcement, intelligence, and public security agencies (For the deployment of SIMS, G-TEC is partnering with Raytheon, a recognized technology leader providing information systems and technology to the US Government). If the transaction is consummated as contemplated, the current Graphco shareholders would receive at the closing shares of PerfectData Common Stock and a non-voting convertible Preferred Stock which, when converted after shareholder approval, would give these shareholders voting control of the Company. In addition, the number of directors would be increased at the closing from five to seven, consisting of two directors designated by PerfectData, three nominees of Graphco and two persons independent of PerfectData and Graphco. PerfectData shareholder approval will be sought to increase the authorized shares of the Common Stock. Harris A. Shapiro, the Company's Chairman and Chief Executive Officer, stated: "Since we assumed control of PerfectData in March 2000, we have been seeking an acquisition which would enhance shareholder value. We believe that Graphco's products and services, which are so meaningful to our country and others since the tragic events of September 11th, make Graphco an ideal acquisition to accomplish that goal." PerfectData, based in Simi Valley, California, designs and markets a broad line of computer, office care and maintenance products and accessories. The products are designed to eliminate or minimize contamination in and around computers and office automation equipment, and to enhance user performance. The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the Company and reflect future business decisions which are subject to change. Contact: PerfectData Corporation Harris A. Shapiro, (805) 581-4000 or Graphco Technologies, Inc. Jerry Ruddle, (215) 497-9170 ext. 113 News provided by COMTEX User Agreement All Headlines Additional Headlines 11/14 18:34 Business Wire PerfectData Corporation Reports Second Quarter Results 11/14 18:34 Business Wire PerfectData Corporation Reports Second Quarter Results 11/06 09:24 PrimeZone Media Network Flamemaster Reports Robust Increase in Sales for its Fiscal Fourth Quarter Ended September 30, 2001, and Continued to Show Improvement in Sales for the First Month of Fiscal 2002 10/23 16:08 Business Wire PerfectData Executes Letter of Intent to Acquire Graphco Technologies Enter symbols or keywords for search: Quotes Stock Talk Charts News People Symbol lookup Go to Top Copyright © 2000 Business Wire
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News News Alert: Current Report Filing (8-k) 09/21/2017 05:07:09 PM
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#23   Damn 14 years since last post lol Awl416 08/28/17 11:38:36 AM
#22   S-4 filed late Friday for deal w/ Supercom... jobynimble 10/27/03 10:33:35 AM
#21   PERF 1.18 x 1.40, last @ 1.29, up jobynimble 09/05/03 10:45:31 AM
#20   Schedule 14-C filed: jobynimble 08/19/03 03:12:02 PM
#19   PREM 14C: PERF Majority Consents; Sell/Liquidate Assets jobynimble 08/19/03 03:02:32 PM
#18   PerfectData Corporation Reports First Quarter Results jobynimble 08/14/03 03:27:59 PM
#17   10-Q filed today... jobynimble 08/14/03 12:44:35 PM
#16   PERF news (and also applies to FAME, which jobynimble 07/08/03 10:43:13 AM
#15   Flamemaster Declares 51st Consecutive Quarterly Cash Dividend jobynimble 02/27/02 10:50:34 AM
#14   boatRgirl, Good point!! jobynimble 02/19/02 03:04:49 PM
#13   It may be for the best that the boatRgirl 02/19/02 03:02:26 PM
#12   Well, I had to buy some @ 1.55 boatRgirl 02/08/02 04:09:40 PM
#11   boatRgirl, Yup, I started this a little while jobynimble 02/06/02 08:05:47 PM
#10   WOW, I didn't know that PERF had an boatRgirl 02/06/02 05:29:01 PM
#9   It's time , I need a birthday present.eom fantastic57 01/06/02 03:17:29 PM
#8   Have to agree fan57, end of the year TheSaint 12/20/01 08:40:03 PM
#7   When is almost as big a word as fantastic57 12/20/01 08:03:07 PM
#6   Any Idea when, pray tell?? TheSaint 12/19/01 07:55:32 PM
#5   New kids in town are always welcome.Stick around fantastic57 12/19/01 01:18:44 PM
#4   New Kid in Town TheSaint 12/18/01 10:20:26 PM
#3   I think it would be pushing it for fantastic57 12/16/01 07:04:31 PM
#2   fantastic57, I like the way PERF has been jobynimble 12/15/01 06:43:02 PM
#1   Nice to see another board for PERF. Looks fantastic57 12/03/01 11:14:06 PM
PostSubject