NORWOOD, Mass., Aug. 20, 2008 (GLOBE NEWSWIRE) -- LTX Corporation (Nasdaq:LTXX), a leading provider of semiconductor test solutions, today announced that the Company will release financial results for its fourth quarter and fiscal year ended July 31, 2008 at 8:00 a.m. EDT on Tuesday, August 26, 2008. A conference call will follow at 8:30 a.m. EDT to discuss the Company's fourth quarter fiscal 2008 financial results and first quarter fiscal 2009 guidance. On the conference call the Company will also discuss revenue guidance for the combined company for the quarter ending October 31, 2008, assuming the completion of the proposed merger of LTX Corporation and Credence Systems Corporation.
The conference call may be accessed via telephone by dialing 800.706.7741, passcode 94417385. The call will also be simulcast via the LTX web site (www.ltx.com). Audio replays of the call can be heard through September 25, 2008, via telephone by dialing 888.286.8010, passcode 62613242 or by visiting our web site at www.ltx.com.
A special meeting of stockholders of LTX is scheduled to be held at the offices of Wilmer Cutler Pickering Hale and Dorr LLP, located at 60 State Street, Boston, Massachusetts 02109, on Thursday, August 28, 2008 at 12:00 noon. The vote of each LTX stockholder is very important and the merger with Credence cannot be completed unless LTX stockholders approve an amendment to LTX's articles of organization and the issuance of LTX common stock in connection with the merger. Information about the special meeting, the merger and other business to be considered by stockholders is contained in the Joint Proxy Statement mailed to LTX stockholders on or about July 30, 2008. Stockholders are urged to read the Joint Proxy Statement carefully.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this press release regarding the transaction between LTX and Credence, including the ability of LTX and Credence to complete the proposed merger, the ability of LTX to obtain stockholder approval of matters relating to the proposed merger and the timing of the completion of the proposed merger and any other statements about LTX management's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing "believes," "anticipates," "plans," "expects," "may," "will," "would," "intends," "estimates" and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the ability to obtain stockholder approval for matters relating to the proposed merger, the ability to satisfy the other conditions to the completion of the proposed merger, the ability to successfully integrate LTX's and Credence's operations and employees; the ability to realize anticipated synergies and cost savings; the risk of fluctuations in sales and operating results; risks related to the timely development of new products, options and software applications and the other factors described in LTX's Annual Report on Form 10-K for the fiscal year ended July 31, 2007, Credence's Annual Report on Form 10-K for the fiscal year ended November 3, 2007, their most recent Quarterly Reports on Form 10-Q and their joint proxy statement/prospectus dated July 29, 2008, each as filed with the SEC. LTX and Credence disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
This communication is being made with respect to the proposed business combination involving LTX and Credence. In connection with the proposed transaction, LTX has filed with the SEC a Registration Statement on Form S-4 containing a Joint Proxy Statement/Prospectus and each of LTX and Credence may file with the SEC other documents regarding the proposed transaction. The Joint Proxy Statement/Prospectus, which has been mailed to stockholders of LTX and Credence, contains important information about LTX, Credence, the transaction and related matters. Investors and security holders are urged to read the Joint Proxy Statement/Prospectus as well as other documents that may be filed with the SEC carefully in their entirety because they contain important information about the proposed transaction.
Investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus and other documents filed with the SEC by LTX and Credence through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus from LTX by contacting Mark Gallenberger at mark_gallenberger@ltx.com, or 781-467-5417 or from Credence by contacting Brenda Ropoulos at brenda_ropoulos@credence.com, or 408-635-4309.
LTX and Credence, and their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the transactions contemplated by the merger agreement. Information regarding LTX's directors and executive officers is contained in LTX's Annual Report on Form 10-K for the fiscal year ended July 31, 2007, its proxy statement dated November 6, 2007 and its Current Report on Form 8-K filed on June 23, 2008 and July 29, 2008, which are filed with the SEC. Information regarding Credence's directors and executive officers is contained in Credence's Annual Report on Form 10-K for the fiscal year ended November 3, 2007, its proxy statement dated March 7, 2008, its Current Reports on Form 8-K filed on April 18, 2008; May 1, 2008; June 10, 2008; June 17, 2008 and June 23, 2008, and its Form 4 filed on April 29, 2008, which are filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the Joint Proxy Statement/Prospectus.
ABOUT LTX
LTX Corporation (Nasdaq:LTXX) is a leading supplier of test solutions for the global semiconductor industry. LTX's X-Series, the industry's most comprehensive family of production-proven, compatible test systems, delivers a scalable solution that provides the right test performance and the right cost of test. Combined with LTX's industry-leading applications engineering and customer service teams, the X-Series enables companies to accelerate their time to market, optimize test economics and stay ahead of the technology curve. Additional information can be found at www.ltx.com.
LTX is a registered trademark of LTX Corporation.
All other trademarks are the property of their respective owners.