Motion DNA Corp fka MTDX

[jcrom56]

Press Release Source: Motion DNA Corporation

Motion DNA Signs Agreement With Formula 51-2, for a Buy-Out of All Outstanding Shares for a Final Price of $3.125 Per Share!
Tuesday May 3, 11:10 am ET

PHOENIX, May 3 /PRNewswire-FirstCall/ -- Motion DNA Corporation (Pink Sheets: MTDX - News), announced today that it has signed an agreement with Formula 51-2, LLC for a buyout of all its outstanding shares. The deal with a total value of $74.6 Million will become effective on May 23, 2005, after the company's required shareholder meeting to vote on the issue.

ADVERTISEMENT
After meeting on Thursday, representatives of both companies agreed upon a price of $3.125 for each share of the company. The final agreement has now been signed and a formal vote on the issue by Motion DNA shareholders is scheduled.