Private Investment Group Seeks Buyout of Motion DNA Corp.
(EMAILWIRE.COM, April 28, 2005 ) Lake Harmony, PA - Motion DNA Corporation (Nasdaq: MTDX) announced today that Formula 51-2, LLC, an Arizona investment company, has made a bonafide offer to acquire all of the outstanding shares of the company at a price of $2.50 per share.
The offer was made in a letter dated April 26, 2005 directed to Zig Ziegler, President of Motion DNA Corp. The offer is subject to the approval of the Motion DNA board of directors, among other conditions, as set forth in the letter. For more information, go to www.vlcn.com/mtdx42805.htm
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Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $595.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity and no representation.
Contact:
C.P. Barry
Company: http://www.TheNewsWire.com
Phone: 1.888.478.7669
Source: www.TheNewsWire.com
The offer was made in a letter dated April 26, 2005 directed to Zig Ziegler, President of Motion DNA Corp. The offer is subject to the approval of the Motion DNA board of directors, among other conditions, as set forth in the letter. For more information, go to www.vlcn.com/mtdx42805.htm
Other very active stocks are:
Intersil Corp (Nasdaq: ISIL) gets upgraded from Hold to Buy at Hambrecht.
Palomar Medical Technologies Inc (Nasdaq: PMTI) beat first quarter estimates by 2 cents and is trading higher.
Arris Group Inc (Nasdaq: ARRS) beat First Call estimates by 1 cent and is up in early trading.
MicroStrategy Inc (Nasdaq: MSTR) gets upgraded at Pacific Growth from a Hold to a Buy rating.
Protein Design Labs Inc (Nasdaq: PDLI) is upgraded from Market Perform to Outperform by Wachovia.
Multimedia Games Inc (Nasdaq: MGAM) is up after beating estimates by 7 cents.
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $595.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity and no representation.
Contact:
C.P. Barry
Company: http://www.TheNewsWire.com
Phone: 1.888.478.7669
Source: www.TheNewsWire.com
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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