ORLANDO, Fla., April 7, 2006 (PRIMEZONE) -- DataMetrics Corporation (Pink Sheets:DMTI) today announced it has completed the 30:1 reverse split contemplated as part of its recent capitalization restructuring. As of April 10, 2006, the new ticker symbol for DataMetrics Corporation will be "DMCP" and trading on the Pink Sheets will reflect the reverse split.
Daniel Bertram, President and CEO of DataMetrics, said, "The reverse split was necessary to reduce the share count that had grown as a result of significant debt-to-equity conversion."
"This represents another important and exciting step in a significant corporate reorganization that will ultimately strengthen our financial position and provide capital needed to grow the business," said Mr. Bertram.
DataMetrics Corporation (www.datametrics.com) designs, develops, and manufactures ruggedized printers, plotters, workstations, PCs, flat-panel monitors, VMEs and peripherals (disk drives, tape drives, keyboards, trackballs and other equipment) for government, defense, aerospace, and industrial customers worldwide. DataMetrics(tm) also offers a wide range of services including engineering design, environmental testing, and build-to-print capability that utilize our 44 years of experience.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such as quarterly fluctuations in operating results, the timely availability of new products, the impact of competitive products and pricing, and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-KSB for the fiscal year ended October 28, 2004. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made in this press release.