TouchStone Software's Stockholders Approve Agreement to Be Acquired by Phoenix Technologies, Ltd.
Wednesday June 25, 5:00 pm ET
NORTH ANDOVER, Mass.--(BUSINESS WIRE)--TouchStone Software Corporation (OTCBB: TSSW - News), a leading provider of PC Optimization Tools, today announced that its stockholders have approved a definitive agreement to be acquired by Phoenix Technologies Ltd. (Nasdaq: PTEC - News), the global leader in core systems software. Based on results announced at today’s special meeting of stockholders, more than 68 percent of Touchstone’s outstanding shares on May 15, 2008, the record date for the special meeting, were voted in favor of approval of the definitive agreement. The parties currently expect the transaction to be effective on July 1, 2008.
Disclosure Statements
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the inability of the company to complete certain actions that are required in order to consummate the acquisition transaction. The forward-looking statements contained in this release are also subject to the risks and uncertainties described in TouchStone’s filings with the Securities and Exchange Commission including its annual report on Form 10-KSB for the year ended December 31, 2007 and its quarterly reports filed on Form 10-QSB.
The company undertakes no obligation to update these forward-looking statements.
About TouchStone Software Corporation
TouchStone Software Corporation is a leading developer of innovative software designed to help people use complex technologies. The company’s products, which include BIOS Agent, BIOS Wizard and Driver Agent, are distributed worldwide via the Internet. TouchStone’s corporate headquarters are located at 1538 Turnpike Street, North Andover, MA 01845. Additional information on the Driver Agent service is available at www.driveragent.com. Additional information about TouchStone Software is available at www.touchstonesoftware.com.
NOTE: TouchStone Software, BIOS Agent, BIOS Wizard and Driver Agent are registered trademarks or trademarks of TouchStone Software Corporation and/or its affiliates.
Contact:
TouchStone Software Corporation
Jason K. Raza, 978-686-6468
CEO and President
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Source: TouchStone Software Corporation
