7150 N. Park Dr.
Pennsauken, NJ 08109
Business Description:Telecommunication Hardware/Software
State of Incorporation: DE
165,765,656 shares of common stock outstanding
Change of our Corporate Name
The restated certificate of incorporation changes our name to Lattice Incorporated. Our board of directors believes that the change of name it is in our best interest because it will allow us to develop brand recognition. As a result of our change of name, stockholders will not have to exchange their stock certificates. Rather, as we will issue new stock certificates which will reflect our new name as well as the reverse split described below. After the restated certificate of incorporation is filed with the Secretary of State of the State of Delaware, we will obtain a new trading symbol for our common stock on the OTC Bulletin Board.
One-for-Ten Reverse Split
Our restated certificate of incorporation provides for a one-for-ten reverse split of our common stock. As a result of the reverse split, each share of common stock outstanding at the effective time of the reverse split, will, without any action on the part of the holder thereof, become one-tenth of a share of common stock. For purposes of this proposal, the common stock, as presently constituted, is referred to as the "old common stock" and the common stock resulting from the reverse split is referred to as the "new common stock".
The reverse split will become effective upon the filing with the Secretary of State of the State of Delaware of the restated articles of incorporation, which states that, upon the filing of the restated certificate of incorporation, each share of common stock then issued and outstanding would automatically become and be converted into one-tenth share of common stock.
We are currently authorized to issue 200,000,000 shares of common stock, having a par value of $.01 per share and 10,000,000 shares of preferred stock, have a par value of $.01 per share. The number of our authorized shares and the par value of the common and preferred stock will not be affected by the reverse split.
Officers:Paul Burgess President, Chief Executive Officer and Director
Science Dynamics Changes Company Name to Lattice and Effects a One-for-10 Reverse Split of its Common Stock
Monday February 5, 4:39 pm ET
New Identity, Reverse Split Mark Beginning of New Phase of Growth
PENNSAUKEN, N.J., Feb. 5 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY - News), a provider of advanced technological solutions to key government agencies and enterprise customers, announced today that the company has changed its name to Lattice, Inc. (OTC Bulletin Board: LTTC - News). The ticker symbol will now be LTTC.
The company's name and corporate identity have been updated to reflect the integration of several previously acquired companies and a new focus on innovative secure communications products and services. Lattice began operations in July 1977 and has been developing and delivering technologically advanced telecommunication solutions for thirty years. The company's new slogan, The Fabric of Secure Communications, represents its strategy of providing and enabling highly secure solutions to the commercial and government sectors. Lattice also affected a one-for-ten reverse split of the issued and outstanding shares of its common stock.
CEO Paul Burgess said, "This announcement formally signifies that Lattice has entered a new phase in our history. We have successfully completed numerous milestones in the past few years, most notably our recent acquisition of RTI. Lattice now has an integrated products and services portfolio built to leverage our proprietary technologies among our existing customer base and into entirely new markets. We look forward to keeping investors updated on progress as we begin our thirtieth year of operations."
About Lattice, Inc.
Lattice is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. Lattice's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.latticeincorporated.com
An investment profile about Lattice may be found at http://www.hawkassociates.com/lttcprofile.aspx
For investor relations information regarding Lattice, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: firstname.lastname@example.org. An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com
Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Lattice Incorporated's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those risks discussed from time to time in the company's filings with the Securities and Exchange Commission, including the Risk Factors in the Form 10-K for the year ended December 31, 2005 and Management's Discussion and Analysis of Financial Condition and Results of Operations included in the Form 10-K for the year ended December 31, 2005 and the Form 10-Q for the quarter ended September 30, 2006. In addition, general industry and market conditions and growth rates, and general economic conditions and competitive conditions, particularly those relating to the our working capital and the market for our products and services and our dependence on government and government-related business, regulatory matters and other factors could affect such statements. Any forward-looking statement speaks only as of the date on which they are made, and the company does not undertake any obligation to update any forward- looking statement to reflect events or circumstances after the date of this release.
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or Julie Marshall
Phone: (305) 451-1888