VANCOUVER, Nov. 6 /CNW/ - Absolute(R) Software (TSX: ABT), the leading
provider of firmware-based, patented Computer Theft Recovery, Data Protection
and Secure Asset Tracking(TM) solutions, announced today its plans to
implement a two-for-one subdivision, or "share split", of its issued and
outstanding common shares.
The share split, which has been approved by Absolute's Board of
Directors, is subject to regulatory approval and must be approved by
shareholders at Absolute's annual general meeting on December 14, 2007. If the
share split is approved by shareholders, the record date is expected to be
December 21, 2007.
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.
The Company has reselling partnerships with these OEMs and others, including
Apple. For more information about Absolute Software and Computrace, visit
www.absolute.com or http://blog.absolute.com/.
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, the expected voting results at the company's annual general meeting,
the record date for the proposed share split, 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.
All other trademarks are property of their respective owners. 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
The Toronto Stock Exchange has neither approved nor disapproved of the
information contained in this news release.
For further information:
For further information: John Livingston, Chief Executive Officer,
(email@example.com), or Phone: (604) 730-9851; Rob Chase, Chief Financial
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