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Datapoint Corporation Enters Into Agreement
To Sell Operations;
Files Reorganization Proceeding In Delaware
San Antonio, Texas - May 3, 2000 - Datapoint Corporation (EBBTPT)
announced today that it has entered into a Stock Purchase Agreement to sell its
global operations (other than its e-commerce initiative described below),
including the "Datapoint" name, for $49.5 million in cash and the assumption of
net liabilities of $10 million. A $5 million down payment was placed in escrow
by the purchaser. The purchaser is a newly formed entity that will combine
CallCentric Ltd., a European based company that provides call center
solutions, and Datapoint`s operations. The purchase price is funded by
Alchemy Partners, who were advised by KPMG Corporate Finance.
The transaction is expected to be completed as part of a reorganization of
Datapoint Corporation under Chapter 11 of the Bankruptcy Code of the
United States. A petition for reorganization has been filed today in the United
States Bankruptcy Court for the District of Delaware. The Company also has
entered into a non-binding agreement in principle with an informal committee
(the "Committee") formed by a majority of the holders of its outstanding 8
7/8% debentures due June 1, 2006 that provides for the allocation of the sale
proceeds between the Company and its creditors, as well as equity
distributions to bondholders and existing common and preferred shareholders.
The Company expects to file a "Plan and Disclosure Statement" detailing the
treatment of all creditors and holders of equity within 30 days.
The sale of the Company`s operations is consistent with the Company`s
direction to focus its efforts and resources on acquiring, developing and
marketing software with Internet and e-commerce applications. The
Company`s recent acquisition of CoreByte, Inc. highlights this effort. The
CoreByte subsidiary specializes in the development of modular, web-based
messaging and collaboration software. All the fully integrated features of
CoreByte include e-mail, instant messenger, calendar, task manager, address
book, notepad, links manager and file manager. CoreByte`s communications
and data management software is both powerful and inexpensive, thereby
meeting the needs of the smallest business to the largest enterprise. It is fully
customizable at any level and the interface can be designed to suit the branding
needs of a business and/or can support advertising in a branded online
community hosted by network service providers (www.corebyte.com).
With its U.S. headquarters in San Antonio, Texas, and international
headquarters in Paris, France, the Corporation is a recognized innovator in
modern networking infrastructure. The Corporation specializes in the design
integration and maintenance of data, voice and networking communication
solutions, including call center and computer-telephony integration (CTI).
This press release and the materials referred to hereby contain forward-looking
statements regarding the Company`s business and future plans of operations.
When used herein, the words "intends," "expects," "plans," "estimates,"
"projects," "believes," "anticipates," "contemplates," "represents" and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks and
uncertainties. These and other important factors, including those set forth in the
Company`s Annual and Quarterly Reports on Form 10-K and Form 10-Q
(available to the public at www.sec.gov), may cause the actual results and
performance to differ materially from the future results expressed in or implied
by such forward-looking statements. The forward-looking statements
contained in this press release speak only as of the date hereof and the
Company disclaims any obligation to provide public updates, revisions or
amendments to any forward-looking statements made herein to reflect changes
in the Company`s expectations or future events.
Copyright © 2000 Datapoint Corporation. For additional information email webmaster.
To Sell Operations;
Files Reorganization Proceeding In Delaware
San Antonio, Texas - May 3, 2000 - Datapoint Corporation (EBBTPT)
announced today that it has entered into a Stock Purchase Agreement to sell its
global operations (other than its e-commerce initiative described below),
including the "Datapoint" name, for $49.5 million in cash and the assumption of
net liabilities of $10 million. A $5 million down payment was placed in escrow
by the purchaser. The purchaser is a newly formed entity that will combine
CallCentric Ltd., a European based company that provides call center
solutions, and Datapoint`s operations. The purchase price is funded by
Alchemy Partners, who were advised by KPMG Corporate Finance.
The transaction is expected to be completed as part of a reorganization of
Datapoint Corporation under Chapter 11 of the Bankruptcy Code of the
United States. A petition for reorganization has been filed today in the United
States Bankruptcy Court for the District of Delaware. The Company also has
entered into a non-binding agreement in principle with an informal committee
(the "Committee") formed by a majority of the holders of its outstanding 8
7/8% debentures due June 1, 2006 that provides for the allocation of the sale
proceeds between the Company and its creditors, as well as equity
distributions to bondholders and existing common and preferred shareholders.
The Company expects to file a "Plan and Disclosure Statement" detailing the
treatment of all creditors and holders of equity within 30 days.
The sale of the Company`s operations is consistent with the Company`s
direction to focus its efforts and resources on acquiring, developing and
marketing software with Internet and e-commerce applications. The
Company`s recent acquisition of CoreByte, Inc. highlights this effort. The
CoreByte subsidiary specializes in the development of modular, web-based
messaging and collaboration software. All the fully integrated features of
CoreByte include e-mail, instant messenger, calendar, task manager, address
book, notepad, links manager and file manager. CoreByte`s communications
and data management software is both powerful and inexpensive, thereby
meeting the needs of the smallest business to the largest enterprise. It is fully
customizable at any level and the interface can be designed to suit the branding
needs of a business and/or can support advertising in a branded online
community hosted by network service providers (www.corebyte.com).
With its U.S. headquarters in San Antonio, Texas, and international
headquarters in Paris, France, the Corporation is a recognized innovator in
modern networking infrastructure. The Corporation specializes in the design
integration and maintenance of data, voice and networking communication
solutions, including call center and computer-telephony integration (CTI).
This press release and the materials referred to hereby contain forward-looking
statements regarding the Company`s business and future plans of operations.
When used herein, the words "intends," "expects," "plans," "estimates,"
"projects," "believes," "anticipates," "contemplates," "represents" and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks and
uncertainties. These and other important factors, including those set forth in the
Company`s Annual and Quarterly Reports on Form 10-K and Form 10-Q
(available to the public at www.sec.gov), may cause the actual results and
performance to differ materially from the future results expressed in or implied
by such forward-looking statements. The forward-looking statements
contained in this press release speak only as of the date hereof and the
Company disclaims any obligation to provide public updates, revisions or
amendments to any forward-looking statements made herein to reflect changes
in the Company`s expectations or future events.
Copyright © 2000 Datapoint Corporation. For additional information email webmaster.
immer noch niemand die etwas über DATAPOINT weisst??????
+ 28 % heute....... weiss jemand was????
aktuell: + 36%----- was geht da???
hallo,
die oben genannte nachricht ist uralt..
mittlerweile ist datapoint eine holding gesellschaft mit namen
"dynacore holdings" deren größte beteiligung corebyte heißt
die oben genannte nachricht ist uralt..
mittlerweile ist datapoint eine holding gesellschaft mit namen
"dynacore holdings" deren größte beteiligung corebyte heißt
Hat jemand Infos wie es bei Dynacore läuft. Soll man nachkaufen, Danke
Wie ich sehe interessiert sich zur Zeit keiner für Dynacore, sollte doch jemand da sein der etwas weiß bitte ich um Mitteilung!
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