خبر جديد من الشركه
هذا أخر خبر من الشركه الرجاء من الاخوان التحليل
Wave to Receive $3.6M in Cash Proceeds; Q2 Webcast/Conference Call Set for Thursday, August 14th at 4:30 P.M. EDT
August 07, 2003 08:32:00 (ET)
LEE, Ma., Aug 7, 2003 (BUSINESS WIRE) -- Wave Systems Corp. (WAVX, Trade) announced today that it expects to receive approximately $3.6 million in proceeds from recent employee and ex-employee option exercises and the repayment of a former officer's loan. Wave also announced that on Thursday, August 14, 2003 at 4:30 P.M. EDT it will host a webcast/conference call reviewing Q2 results (June 30, 2003) and recent progress toward deployment of its software solutions by year-end 2003. Wave's results will be issued after the market's close.
WEBCAST/REPLAY: To access the webcast and the replay, please go to
http://www.wave.com. The archived version of the webcast will be available for 30 days.
TELEPHONE: The conference call numbers are 212/346-6410 and 415/537-1934 (use either number). Please call five minutes in advance.
Wave reported that it expects to receive $1.0 million in cash from its former Chairman, Peter J. Sprague, representing the full repayment of a loan and all accrued interest. Mr. Sprague now serves as CEO of Wave's subsidiary, Wavexpress, Inc. In addition, the Company expects approximately $2.6 million in proceeds from the exercise of stock options with strike prices ranging from approximately $1.09 - $4.08 per share.
The options, which enabled the purchase of a total of approximately 1,189,000 shares, were exercised by current and former Wave employees and officers. Wave reported that its CEO, Steven Sprague, has exercised options for 150,000 shares and sold all underlying shares. Mr. Sprague's exercises/sales amount to less than 10% of his total share and option holdings in the Company. Wave also reported that its CFO, Gerard Feeney, has sold 100,000 shares of Wave common stock, also representing less than 10% of his total share and option holdings.
About Wave Systems:
Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers. For more information about Wave, visit
http://www.wave.com.
Safe Harbor for Forward-Looking Statements
Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.
SOURCE: Wave Systems Corp.