latest news releases from the newsroom
INFINITE Software Corporation
California Software Announces EMEA Business Partner Conference in Paris
LAGUNA NIGUEL, Calif., Sept. 21, 2006 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning infinite product lines, announced today that it will host its 2006 EMEA Business Partner Conference at the Paris Hilton on October 2nd and 3rd.
Integrated Data Corp.
Integrated Data Corp Supports Acquisition of DataWave Systems by InComm Holdings
WILMINGTON, Del., Sept. 21, 2006 (PRIMEZONE) -- In response to the Form 8-K filed by DataWave Systems Inc. (OTCBB:DWVS) ("DataWave") on September 19, 2006, the management of Integrated Data Corp. (Pink Sheets:ITDD) ("IDC") is pleased to announce its support of the planned DataWave acquisition by InComm Holdings, Inc. Under the terms of the Agreement and Plan of Merger as set forth in Exhibit Number 2.1 of the DataWave Form 8-K, InComm will pay approximately $0.62 in cash for each outstanding share of DataWave stock. IDC currently is the beneficial holder of record of 24,884,530 shares of DataWave stock of which 21,110,612 shares belong to IDC. Ownership of the remaining 3,773,918 shares are to be transferred to Integrated Technologies & Systems Ltd, a greater than 10% shareholder in IDC, with an effective date of January 3, 2006 in fulfillment of the Asset Purchase & Loan Repayment Agreement with Integrated Technologies & Systems Ltd dated August 25, 2005 (see IDC Form 8-K filed August 26, 2005). With its 21,110,612 DataWave shares, the proposed DataWave acquisition could yield IDC approximately $13 million in working capital, or a value of approximately $1.66 per IDC outstanding share.