Aladdin Knowledge Systems Ltd. to Receive Approximately $3.0 Million Distribution from Tamir Fishman Investments
11 Avril 2005 - 6:00PM
PR Newswire (US)
Aladdin Knowledge Systems Ltd. to Receive Approximately $3.0
Million Distribution from Tamir Fishman Investments TEL AVIV,
Israel, April 11 /PRNewswire-FirstCall/ -- Aladdin Knowledge
Systems, Ltd. (NASDAQ:ALDN) today announced that it has been
notified by Tamir Fishman Venture Management II Ltd. that, as a
result of two exit transactions for portfolio companies of a Tamir
Fishman-managed fund in which Aladdin has invested, the fund would
be making distributions in cash and shares to its investors. The
distribution to Aladdin is expected to total approximately $3.0
million, consisting of $970,000 in cash and approximately $2.0
million in shares of Class A common stock of Agere Systems
(NYSE:AGR.A). Approximately 15 percent of the distribution will be
held in escrow for approximately one year to cover potential
obligations of the portfolio companies to the buyers. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO ) About
Aladdin Aladdin Knowledge Systems Ltd. is a global provider of
security solutions that reduce software theft, authenticate network
users and protect against unwanted Internet and e-mail content,
including spam and viruses. Its security products are organized
into two segments: Software Digital Rights Management (DRM) and
Enterprise Security. Aladdin's Software DRM products allow software
publishers to limit revenue loss from software theft and piracy.
Its Enterprise Security solutions enable organizations to secure
their information technology assets by controlling who has access
to their networks (authentication) and what content their users can
utilize (content security). Visit the Aladdin Web site at
http://www.aladdin.com/ . Safe Harbor Statement Certain information
presented herein constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include general economic and business
conditions, the loss of market share, changes in the competitive
landscape and other factors over which the company has little or no
control. http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO
http://photoarchive.ap.org/ DATASOURCE: Aladdin Knowledge Systems,
Ltd. CONTACT: Press, Matthew Zintel of Zintel Public Relations,
+1-310-574-8888, , or Investor Relations, Mark Jones of Global
Consulting Group, +1-646-284-9414, Web site:
http://www.ealaddin.com/
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