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Attunity Expects to List on the NASDAQ on Thursday July 26, 2012
Previously announced 1-for-4 reverse split to be effective on July 19th
BURLINGTON, Massachusetts, July 18, 2012/PRNewswire-FirstCall/ --
?
Attunity, Ltd. (OTC Bulletin Board: ATTUF), a leading provider of information
availability software solutions, announced today that it has received approval from the
Financial Industry Regulatory Authority (FINRA) clearing its previously announced reverse
share split. According to FINRA's approval, the 1 for 4 reverse split will take effect on
July 19, 2012. As previously announced, the reverse split is being affected in order to
list the Company's shares on the NASDAQ Capital Market, which is anticipated to occur on
Thursday, July 26, 2012, subject to final approval from NASDAQ.
On the effective date of the reverse split, it is expected that the Company's trading
symbol will change from "ATTUF" to "ATTUD", with the "D" appended to indicate the
completion of the reverse split, for a 20 trading-day period, following which the ticker
symbol will be "ATTU."
American Stock Transfer & Trust Company is the exchange agent for the reverse split
and will distribute a letter of transmittal to record holders with instructions for the
surrender and exchange of old stock certificates. Shareholders who hold their shares in
"street name" will be contacted by their banks or brokers with any instructions. Due to
the reverse split, Attunity's shares will also trade under a new CUSIP number.
About Attunity
Attunity is a leading provider of information availability solutions that enable
access, sharing and distribution of data across heterogeneous enterprise platforms,
organizations, and the cloud. Our software solutions include data replication
[http://www.attunity.com/attunity_replicate ], change data capture
[http://www.attunity.com/attunity_stream ] (CDC), data connectivity
[http://www.attunity.com/attunity_connect ], enterprise file replication
[http://www.repliweb.com/products/r1-r/index.php ] (EFR) and managed-file-transfer
[http://www.repliweb.com/products/rmft/index.php ] (MFT). Using Attunity's software
solutions, our customers enjoy significant business benefits by enabling real-time access
and availability of data and files where and when needed, across the maze of heterogeneous
systems making up today's IT environment.
Attunity has supplied innovative software solutions to its enterprise-class customers
for nearly 20 years and has successful deployments at thousands of organizations
worldwide. Attunity provides software directly and indirectly through a number of partners
such as Microsoft, Oracle, IBM and HP. Headquartered in Boston, Attunity serves its
customers via offices in North America, Europe, and Asia Pacific and through a network of
local partners. For more information, visit http://www.attunity.com or our In Tune
blog [http://blog.attunity.com ] and join our community on Twitter
[http://www.twitter.com/attunity ], Facebook [http://www.facebook.com/attunity ], LinkedIn
[http://www.linkedin.com/groups?about=&gid(84948&trk=anet_ug_grppro ] and YouTube
[http://www.youtube.com/attunity ].
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other
Federal Securities laws. Statements preceded by, followed by, or that otherwise include
the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and
similar expressions or future or conditional verbs such as "will", "should", "would",
"may" and "could" are generally forward-looking in nature and not historical facts. For
example, when we discuss our expectation to list on NASDAQ and its timing, we are using a
forward-looking statement. Because such statements deal with future events, they are
subject to various risks and uncertainties and actual results could differ materially from
Attunity's current expectations. Factors that could cause or contribute to such
differences include, but are not limited to: our reliance on strategic relationships with
our distributors, OEM and VAR partners, including Microsoft; risks and uncertainties
relating to the acquisition of RepliWeb, including costs and difficulties related to
integration of acquired businesses, the combined companies' financial results and
performance, and known or unknown contingent liabilities, including litigation, costs, tax
and expenses; our liquidity challenges and the need to raise additional capital in the
future; timely availability and customer acceptance of Attunity's new and existing
products, including Attunity Replicate; changes in the competitive landscape, including
new competitors or the impact of competitive pricing and products; a shift in demand for
products such as Attunity's products; the impact on revenues of economic and political
uncertainties and weaknesses in various regions of the world, including the commencement
or escalation of hostilities or acts of terrorism; and other factors and risks on which
Attunity may have little or no control. This list is intended to identify only certain of
the principal factors that could cause actual results to differ. For a more detailed
description of the risks and uncertainties affecting Attunity, reference is made to
Attunity's Annual Report on Form 20-F/A for the year ended December 31, 2011, which is on
file with the Securities and Exchange Commission (SEC) and the other risk factors
discussed from time to time by Attunity in reports filed or furnished to the SEC. Except
as otherwise required by law, Attunity undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
(c) 2012 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.
For more information, please contact:
Todd Fromer / Garth Russell
KCSA Strategic Communications
P: +1-212-682-6300
tfromer@kcsa.com / grussell@kcsa.com
Dror Harel-Elkayam, CFO
Attunity Ltd.
Tel: +972-9-899-3000
dror.elkayam@attunity.com
Source: Attunity Ltd
Attunity Expects to List on the NASDAQ on Thursday July 26, 2012
Previously announced 1-for-4 reverse split to be effective on July 19th
BURLINGTON, Massachusetts, July 18, 2012/PRNewswire-FirstCall/ --
?
Attunity, Ltd. (OTC Bulletin Board: ATTUF), a leading provider of information
availability software solutions, announced today that it has received approval from the
Financial Industry Regulatory Authority (FINRA) clearing its previously announced reverse
share split. According to FINRA's approval, the 1 for 4 reverse split will take effect on
July 19, 2012. As previously announced, the reverse split is being affected in order to
list the Company's shares on the NASDAQ Capital Market, which is anticipated to occur on
Thursday, July 26, 2012, subject to final approval from NASDAQ.
On the effective date of the reverse split, it is expected that the Company's trading
symbol will change from "ATTUF" to "ATTUD", with the "D" appended to indicate the
completion of the reverse split, for a 20 trading-day period, following which the ticker
symbol will be "ATTU."
American Stock Transfer & Trust Company is the exchange agent for the reverse split
and will distribute a letter of transmittal to record holders with instructions for the
surrender and exchange of old stock certificates. Shareholders who hold their shares in
"street name" will be contacted by their banks or brokers with any instructions. Due to
the reverse split, Attunity's shares will also trade under a new CUSIP number.
About Attunity
Attunity is a leading provider of information availability solutions that enable
access, sharing and distribution of data across heterogeneous enterprise platforms,
organizations, and the cloud. Our software solutions include data replication
[http://www.attunity.com/attunity_replicate ], change data capture
[http://www.attunity.com/attunity_stream ] (CDC), data connectivity
[http://www.attunity.com/attunity_connect ], enterprise file replication
[http://www.repliweb.com/products/r1-r/index.php ] (EFR) and managed-file-transfer
[http://www.repliweb.com/products/rmft/index.php ] (MFT). Using Attunity's software
solutions, our customers enjoy significant business benefits by enabling real-time access
and availability of data and files where and when needed, across the maze of heterogeneous
systems making up today's IT environment.
Attunity has supplied innovative software solutions to its enterprise-class customers
for nearly 20 years and has successful deployments at thousands of organizations
worldwide. Attunity provides software directly and indirectly through a number of partners
such as Microsoft, Oracle, IBM and HP. Headquartered in Boston, Attunity serves its
customers via offices in North America, Europe, and Asia Pacific and through a network of
local partners. For more information, visit http://www.attunity.com or our In Tune
blog [http://blog.attunity.com ] and join our community on Twitter
[http://www.twitter.com/attunity ], Facebook [http://www.facebook.com/attunity ], LinkedIn
[http://www.linkedin.com/groups?about=&gid(84948&trk=anet_ug_grppro ] and YouTube
[http://www.youtube.com/attunity ].
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other
Federal Securities laws. Statements preceded by, followed by, or that otherwise include
the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and
similar expressions or future or conditional verbs such as "will", "should", "would",
"may" and "could" are generally forward-looking in nature and not historical facts. For
example, when we discuss our expectation to list on NASDAQ and its timing, we are using a
forward-looking statement. Because such statements deal with future events, they are
subject to various risks and uncertainties and actual results could differ materially from
Attunity's current expectations. Factors that could cause or contribute to such
differences include, but are not limited to: our reliance on strategic relationships with
our distributors, OEM and VAR partners, including Microsoft; risks and uncertainties
relating to the acquisition of RepliWeb, including costs and difficulties related to
integration of acquired businesses, the combined companies' financial results and
performance, and known or unknown contingent liabilities, including litigation, costs, tax
and expenses; our liquidity challenges and the need to raise additional capital in the
future; timely availability and customer acceptance of Attunity's new and existing
products, including Attunity Replicate; changes in the competitive landscape, including
new competitors or the impact of competitive pricing and products; a shift in demand for
products such as Attunity's products; the impact on revenues of economic and political
uncertainties and weaknesses in various regions of the world, including the commencement
or escalation of hostilities or acts of terrorism; and other factors and risks on which
Attunity may have little or no control. This list is intended to identify only certain of
the principal factors that could cause actual results to differ. For a more detailed
description of the risks and uncertainties affecting Attunity, reference is made to
Attunity's Annual Report on Form 20-F/A for the year ended December 31, 2011, which is on
file with the Securities and Exchange Commission (SEC) and the other risk factors
discussed from time to time by Attunity in reports filed or furnished to the SEC. Except
as otherwise required by law, Attunity undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
(c) 2012 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.
For more information, please contact:
Todd Fromer / Garth Russell
KCSA Strategic Communications
P: +1-212-682-6300
tfromer@kcsa.com / grussell@kcsa.com
Dror Harel-Elkayam, CFO
Attunity Ltd.
Tel: +972-9-899-3000
dror.elkayam@attunity.com
Source: Attunity Ltd