SOURCE: DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc.

May 19, 2011 09:43 ET

DecisionPoint Reverse Merger Wins Comamtech Shareholder Approval

Comamtech Shareholders Vote 98% in Favor of Transaction

FOOTHILL RANCH, CA--(Marketwire - May 19, 2011) - DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced that it has been advised by Comamtech that 98% of Comamtech's shareholders have voted in favor of the reverse merger transaction with DecisionPoint. Comamtech's Board of Directors has approved the merger as well. Comamtech will be appearing before the Canadian court this Friday, May 20, 2011 to obtain the final court order approving the transaction.

DecisionPoint announced last week that its shareholders have voted in favor of the transaction. Assuming Comamtech receives the court's final approval, the transaction is expected to be completed by the end of this month.

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