Extended Systems Incorporated (Nasdaq:XTND) today announced that its stockholders have voted to adopt and approve a merger agreement pursuant to which Extended Systems will be merged with and into a wholly owned subsidiary of Sybase, Inc. (NYSE:SY). More than 54% percent of the Extended Systems common stock outstanding on the record date were cast in favor of adoption and approval of the merger agreement. On July 29, 2005, Extended Systems and Sybase announced the signing of the merger agreement under which Sybase will acquire Extended Systems. Adoption and approval of the merger agreement by Extended Systems' stockholders satisfies one of the conditions to completion of the transaction. Subject to the satisfaction of the remaining closing conditions, the merger is currently expected to be completed on or about October 26, 2005. About Extended Systems Extended Systems provides the expertise, strategy and solutions to help enterprise organizations streamline their business processes through mobile technology. The Company's OneBridge mobile solutions suite enables companies to mobilize critical enterprise applications such as e-mail, field service, sales force automation (SFA), enterprise resource planning (ERP) and customer relationship management (CRM). Extended Systems has more than 2,500 enterprise customers worldwide and key alliance relationships. Founded in 1984, Extended Systems has offices and subsidiaries in the United States and worldwide. For more information, call 800-235-7576 or visit the Company web site at www.extendedsystems.com. Forward Looking Statements This press release contains forward-looking statements regarding the outcome and expected completion date of the proposed transaction between Extended Systems and Sybase that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally preceded by words that imply a future state, such as "expects" or "anticipates," or that imply that a particular future event or events will occur, such as "will," "remain," "may," or the negative of these terms. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty, including without limitation, the satisfaction of the other conditions to closing of the proposed transaction with Sybase. These risks, uncertainties and other factors may cause outcomes to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements are only predictions and the actual events or results may differ materially. Extended Systems cannot provide any assurance that the remaining conditions to the closing of the proposed transaction will be satisfied or that the proposed transaction with Sybase will be completed in the time expected or at all. Neither Extended Systems nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. Extended Systems disclaims any obligation to update information contained in any forward-looking statement. For additional information and considerations regarding the risks faced by Extended Systems, see its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission (SEC).
Extended Systems (NASDAQ:XTND)
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