Universal Guardian Holdings (fka UGHO)

[dakota]

Isonics To Acquire All Shares Of Universal Guardian >ISONLast update: 11/27/2007 7:09:37 AMDOW JONES NEWSWIRES Isonics Corp. (ISON) said Tuesday that it will acquire all of the outstanding shares of Universal Guardian Holdings Inc., according to a filing with the Securities and Exchange Commission. Shareholders of Universal Guardian will receive Isonics common stock with a value of approximately $10.3 million and existing holders of approximately $5.7 million in outstanding Universal Guardian debt will receive shares of Isonics convertible preferred stock. Universal Guardian, Newport Beach, Calif., and its subsidiaries provide a range of security products and services designed to mitigate terrorist and security threats worldwide. The merger is subject to the approval of the shareholders of Isonics and Universal Guardian, the SEC filing said. Shares of Isonics, a Golden, Colo.-based developer of products and services for the semiconductor and homeland security markets, closed Monday at 28 cents. -Ingrid Pedrick Lehrfeld, Dow Jones Newswires; 202-862-1361 (END) Dow Jones NewswiresNovember 27, 2007 07:09 ET (12:09 GMT)