SOURCE: DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc.

October 04, 2011 08:14 ET

DecisionPoint Announces Adjustment for Recently Completed Comamtech Merger

Additional Shares Allocated to Pre-Merger DecisionPoint Shareholders

FOOTHILL RANCH, CA--(Marketwire - Oct 4, 2011) - As previously announced on June 15, 2011, DecisionPoint Systems International, Inc. merged with and into a wholly-owned subsidiary of DecisionPoint Systems, Inc. (formerly known as Comamtech, Inc.). DecisionPoint Systems, Inc. (OTCBB: DPSI), a leading provider of field-based workforce automation solutions, today announced that pursuant to an adjustment required by the merger agreement 487,310 additional shares are being issued to pre-merger DecisionPoint shareholders of record on June 15, 2011.

After this adjustment and allocation of additional shares, DecisionPoint will have 8.183 million shares of common stock issued and outstanding and 11.180 million fully diluted shares outstanding including outstanding options, warrants and convertible preferred shares.

The Company's common stock, to be issued to DecisionPoint's security holders pursuant to the Merger Agreement will not be registered under the Securities Act of 1933, as amended (the "1933 Act"), and are being issued in reliance upon the exemption from registration provided by Section 3(a)(10) of the 1933 Act based on the final order of the Ontario Superior Court of Justice. This press release does not constitute an offer to sell any securities or a solicitation of an offer to purchase any securities.

About DecisionPoint Systems
DecisionPoint Systems, Inc. (OTCBB: DPSI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.

For more information on DecisionPoint Systems visit: www.decisionpt.com.

Forward Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.

Contact Information

  • Company Contact:
    Nicholas R. Toms
    Chief Executive Officer
    T: 973-290-0100 ext 110
    ntoms@decisionpt.com

    Investor Relations Contact:
    Stephanie Prince/Jody Burfening
    Lippert/Heilshorn & Associates
    T: 212-838-3777
    sprince@lhai.com