netGuru Inc. Clarifies Ex-Distribution Date; Regarding Partial Liquidation Related to Sale of REI Assets
14 1월 2006 - 3:16AM
Business Wire
netGuru, Inc. (Company) (Nasdaq:NGRU), in response to numerous
inquiries, clarified the timing of the "ex-distribution" date
related to the cash distribution in the amount of $0.85 per common
share that is anticipated to be paid on January 27, 2006, to
shareholders of record as of January 17, 2006. An ex-distribution
date is the day on or after which shares trade without a particular
distribution. Due to the magnitude of the anticipated distribution
and consistent with NASD Uniform Practice Code Rule 11140(b)(2),
the ex-distribution date, as previously announced, is anticipated
to be January 30, 2006, which is the first business day following
the January 27, 2006, payable date for the distribution.
Shareholders should contact their brokers with any questions
regarding the mechanics of the distribution. About netGuru netGuru
is an engineering services company offering engineering business
process outsourcing (EBPO) services for the architecture,
engineering, and construction (A/E/C) industry; document/project
collaboration software/solutions for A/E/C companies, enterprise
software providers, software integrators, and other businesses
engaged in document/project-centric operations; and technical
services and support. netGuru offices are located in the United
States, Europe, and India. For more information, go to
www.netguru.com. Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: With the exception of historical or
factual information, the matters discussed in this press release,
including the plan, terms and timing of the distribution are
forward-looking statements that involve risks and uncertainties.
Actual future events may differ. Factors that could cause or
contribute to such differences include, but are not limited to, the
ability of the Company to complete the distribution plan, terminate
stock plan options, adjust option and warrant exercise prices,
reduce costs and expenses, and identify and consummate a potential
strategic transaction; business conditions; the demand for
collaborative software and EBPO services; competition; and other
factors discussed in the "Risk Factors" Section of netGuru's Form
10-KSB for the fiscal year ended March 31, 2005, and other filings
made with the U.S. Securities and Exchange Commission.
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