Post by fastwalker on Aug 20, 2004 19:27:54 GMT -5
:)FYI / FWIW...Do your DD , before investing in any stock....
CDED News
« on: Aug 18th, 2004, 4:40pm » Quote Modify
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CareDecision Corp. to Counter Merger Offer
Wednesday August 18, 9:45 am ET
Board Focused on Increasing Shareholder Value and Building Industry Leader
NEW YORK--(BUSINESS WIRE)--Aug. 18, 2004--CareDecision Corporation (OTCBB:CDED - News), a leading Wi-Fi PDA technology provider to the lodging and satellite media industries and the developer of patent-pending technologies for e-health and EMR applications, announced today that the Board of Directors has reviewed an offer to merge with the previously announced entities, and has agreed unanimously to prepare two counteroffers with the hopes of moving the negotiations forward toward an agreement. The initial merger proposal would have provided for a substantial increase in the Company's market capitalization and opportunities, but the Board of Directors believes the technology and capabilities CareDecision brings to the table warrant a counteroffer.
The Board of CareDecision will provide additional updates as circumstances warrant and is moving with all due haste to reach a satisfactory conclusion on this opportunity.
"We are singularly focused on doing what will most benefit our shareholders," commented Robert Cox, CareDecision's chairman. "This opportunity is certainly compelling, and we are intrigued with the potential the surviving company would possess. However, while we believe the conversations are headed in the right direction, we think it is in the best interest of our shareholders to prepare a reasonable counteroffer designed to maximizing return while creating an exciting new organization. We are in daily contact with the Chairman of the proposed merger partner and we expect to be able to report more in the coming days."
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this release, words such as "believes," "expects," "forecasts," "intends," "projects," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.
Again ..do your DD , before investing in any stock..
CDED News
« on: Aug 18th, 2004, 4:40pm » Quote Modify
--------------------------------------------------------------------------------
CareDecision Corp. to Counter Merger Offer
Wednesday August 18, 9:45 am ET
Board Focused on Increasing Shareholder Value and Building Industry Leader
NEW YORK--(BUSINESS WIRE)--Aug. 18, 2004--CareDecision Corporation (OTCBB:CDED - News), a leading Wi-Fi PDA technology provider to the lodging and satellite media industries and the developer of patent-pending technologies for e-health and EMR applications, announced today that the Board of Directors has reviewed an offer to merge with the previously announced entities, and has agreed unanimously to prepare two counteroffers with the hopes of moving the negotiations forward toward an agreement. The initial merger proposal would have provided for a substantial increase in the Company's market capitalization and opportunities, but the Board of Directors believes the technology and capabilities CareDecision brings to the table warrant a counteroffer.
The Board of CareDecision will provide additional updates as circumstances warrant and is moving with all due haste to reach a satisfactory conclusion on this opportunity.
"We are singularly focused on doing what will most benefit our shareholders," commented Robert Cox, CareDecision's chairman. "This opportunity is certainly compelling, and we are intrigued with the potential the surviving company would possess. However, while we believe the conversations are headed in the right direction, we think it is in the best interest of our shareholders to prepare a reasonable counteroffer designed to maximizing return while creating an exciting new organization. We are in daily contact with the Chairman of the proposed merger partner and we expect to be able to report more in the coming days."
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this release, words such as "believes," "expects," "forecasts," "intends," "projects," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.
Again ..do your DD , before investing in any stock..
