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DataMirror Announces Renewal of Normal Course Issuer Bid
(EMAILWIRE.COM, September 18, 2001 ) TORONTO, CANADA – DataMirror Corporation (Nasdaq: DMCX; TSE: DMC), a leading provider of enterprise application integration and resiliency solutions, announced today acceptance by the Toronto Stock Exchange of Notice of its Normal Course Issuer Bid, allowing the purchase from time to time, if it is considered advisable, of up to 576,226 of its common shares, which represents 5% of its 11,524,530 outstanding common shares (as at September 7, 2001), on The Toronto Stock Exchange over the next 12 months. The Board of Directors of DataMirror believes that such purchases are in the best interests of the Company and a desirable use of corporate funds. Over the period from September 21, 2000 to September 7, 2001, the Company has purchased and cancelled 284,600 of its common shares at an average price of $10.00 per share under a previous Normal Course Issuer Bid, in effect from September 21, 2000 to September 20, 2001. Purchases of common shares may be made pursuant to the new Notice in the 12 month period commencing September 21, 2001. All common shares purchased by DataMirror pursuant to this Notice will be cancelled.
About DataMirror Corporation
DataMirror (Nasdaq: DMCX; TSE: DMC) delivers solutions that let customers integrate their data across their enterprises. DataMirror's comprehensive family of products unlocks the experience of now™ by providing advanced real-time capture, transform and flow (CTF) technology that gives customers the instant access, integration and availability they demand today across all computers in their business.
Over 1,500 companies use DataMirror to integrate their data. Real-time data drives all business. DataMirror is headquartered in Toronto, Canada, and has offices worldwide. DataMirror has been ranked in the Deloitte and Touche Fast 500 as one of the fastest growing technology companies in North America. For more information, call 1-800-362-5955 or visit the DataMirror web site at www.datamirror.com.
"Safe Harbor" Statement under the United States Private Securities Litigation Reform Act of 1995: Forward-looking statements in this press release, including statements regarding DataMirror Corporation's business which are not historical facts, are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements of plans, objectives, strategies and expectations. The words "anticipate", "believe", "estimate" and "expect" and similar expressions are intended to identify forward-looking statements. Numerous important factors affect DataMirror's operating results and could cause DataMirror's actual results to differ materially from the results indicated by this press release or by any forward-looking statements made by, or on behalf of, DataMirror, and there can be no assurance that future results will meet expectations, estimates or projections. These factors include, but are not limited to, the following: variability of quarterly operating results; dependence upon on the continued growth and success of DataMirror's software products; competition; rapid technological change and new product introductions; dependence upon continued growth in the database and enterprise data integration markets; dependence upon relationships with complementary vendors and distribution channels; the ability to recruit and retain key personnel; risks of international operations, including currency exchange rate fluctuations and global economic conditions; possible software errors or defects; possible infringement claims by third parties; and other factors discussed in the Company's Annual Information Form and other periodic filings with the United States Securities and Exchange Commission and other regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those indicated in any forward-looking statements. The Company disclaims and does not assume any obligation to update these forward-looking statements.
Copyright 2001 DataMirror Corporation. All rights reserved. DataMirror and The experience of now are trademarks or registered trademarks of DataMirror Corporation. All other brand or product names are trademarks or registered trademarks of their respective companies.
Media and Financial Contacts: Peter Cauley, Chief Financial Officer, E-mail: pcauley@datamirror.com, Phone: 800-362-5955 ext. 271, Fax: 905-415-0340 and Tracy Staniland, Director of Marketing, E-mail: tstaniland@datamirror.com, Phone: 800-362-5955 ext. 274, Fax: 905-415-5196.
About DataMirror Corporation
DataMirror (Nasdaq: DMCX; TSE: DMC) delivers solutions that let customers integrate their data across their enterprises. DataMirror's comprehensive family of products unlocks the experience of now™ by providing advanced real-time capture, transform and flow (CTF) technology that gives customers the instant access, integration and availability they demand today across all computers in their business.
Over 1,500 companies use DataMirror to integrate their data. Real-time data drives all business. DataMirror is headquartered in Toronto, Canada, and has offices worldwide. DataMirror has been ranked in the Deloitte and Touche Fast 500 as one of the fastest growing technology companies in North America. For more information, call 1-800-362-5955 or visit the DataMirror web site at www.datamirror.com.
"Safe Harbor" Statement under the United States Private Securities Litigation Reform Act of 1995: Forward-looking statements in this press release, including statements regarding DataMirror Corporation's business which are not historical facts, are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements of plans, objectives, strategies and expectations. The words "anticipate", "believe", "estimate" and "expect" and similar expressions are intended to identify forward-looking statements. Numerous important factors affect DataMirror's operating results and could cause DataMirror's actual results to differ materially from the results indicated by this press release or by any forward-looking statements made by, or on behalf of, DataMirror, and there can be no assurance that future results will meet expectations, estimates or projections. These factors include, but are not limited to, the following: variability of quarterly operating results; dependence upon on the continued growth and success of DataMirror's software products; competition; rapid technological change and new product introductions; dependence upon continued growth in the database and enterprise data integration markets; dependence upon relationships with complementary vendors and distribution channels; the ability to recruit and retain key personnel; risks of international operations, including currency exchange rate fluctuations and global economic conditions; possible software errors or defects; possible infringement claims by third parties; and other factors discussed in the Company's Annual Information Form and other periodic filings with the United States Securities and Exchange Commission and other regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those indicated in any forward-looking statements. The Company disclaims and does not assume any obligation to update these forward-looking statements.
Copyright 2001 DataMirror Corporation. All rights reserved. DataMirror and The experience of now are trademarks or registered trademarks of DataMirror Corporation. All other brand or product names are trademarks or registered trademarks of their respective companies.
Media and Financial Contacts: Peter Cauley, Chief Financial Officer, E-mail: pcauley@datamirror.com, Phone: 800-362-5955 ext. 271, Fax: 905-415-0340 and Tracy Staniland, Director of Marketing, E-mail: tstaniland@datamirror.com, Phone: 800-362-5955 ext. 274, Fax: 905-415-5196.
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