SOURCE: DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc.

May 20, 2011 14:29 ET

DecisionPoint Reverse Merger Granted Canadian Court Approval

Merger Will Close by May 31, 2011

FOOTHILL RANCH, CA--(Marketwire - May 20, 2011) - DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced that the Ontario Superior Court of Justice has granted approval for the closing of the merger between DecisionPoint and Comamtech Inc. The transaction will be completed by the end of this month.

"This is a great transaction for the shareholders of DecisionPoint and Comamtech," said Nicholas Toms, Chief Executive Officer of DecisionPoint. "The merger provides us with a solid balance sheet and an improved platform to execute on our strategy of complementing organic growth with select acquisitions. Further, the merger serves as a building block for a Nasdaq Capital Market listing application. The financial foundation of the combined company will be stronger with reduced balance sheet risk and lower debt."

For additional details on the reverse merger agreement, please refer to the formal announcement made on October 20, 2010.

About DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc. (OTCBB: DNPI) 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 visit: http://www.decisionpt.com/news.php.

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