VANCOUVER, Dec. 14 /CNW/ - Absolute(R) Software Corporation ("Absolute"
or the "Company") (TSX: ABT), the leading provider of Firmware-based, patented
Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM)
announced today that its shareholders have approved a two-for-one subdivision
of its outstanding common shares (the "Share Split"), to be effective as of
the close of business on January 4, 2008 (the "Split Record Date").
Shareholders of record on the Split Record Date will keep their current
share certificates and will be provided with additional share certificates
representing the common shares to which they are entitled as a result of the
Share Split. It is currently expected that Absolute Software or its transfer
agent, CIBC Mellon Trust Company, will mail those certificates on or about
January 8, 2008 (the "Mailing Date"). Currently outstanding share certificates
representing common shares should be retained by shareholders and should not
be forwarded to Absolute Software or its transfer agent.
Pursuant to the rules of the Toronto Stock Exchange, the common shares
will commence trading on a subdivided basis at the opening of business on
January 2, 2008, being two trading days prior to the Split Record Date.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft
Recovery, Data Protection and Secure Asset Tracking(TM) solutions. Absolute
Software provides organizations and consumers with solutions in the areas of
regulatory compliance, data protection and theft recovery. The Company's
Computrace(R) software is embedded in the BIOS of computers by global leaders,
including Dell, Fujitsu, Gateway, HP, Lenovo, Motion, Panasonic and Toshiba,
and the Company has reselling partnerships with these OEMs and others,
including Apple. For more information about Absolute Software and Computrace,
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, the expected performance of our services and products, possible
guarantee payment eligibility, and other expectations, intentions and plans
contained in this press release that are not historical fact. When used in
this press release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of risks and
uncertainties, including, but not limited to, changes in technology and
general market conditions. In light of the many risks and uncertainties you
should understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.
(C)2007 Absolute Software Corporation. All rights reserved. Computrace
and Absolute are registered trademarks of Absolute Software Corporation.
Computrace U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280,
No. 5,896,497, No. 6,244,758, No. 6,269,392, No. 6,300,863, and No. 6,507,914.
Canadian patents No. 2,284,806 and No. 2,205,370. U.K. patents No. EP793823
and No. GB2338101. German patent No. 695 125 34.6-08. Australian patent
No. 699045. The Toronto Stock Exchange has neither approved nor disapproved of
the information contained in this news release.
For further information:
For further information: Public Relations: Leslie Campisi, Affect
Strategies, firstname.lastname@example.org or (212) 398-9680 x144; Investor
Relations: Dave Mason, CFA, The Equicom Group, email@example.com or
(416) 815-0700 x237