SOURCE: Procom Technology, Inc.

December 14, 2006 21:15 ET

Procom Shareholders Approve Acquisition by CNDL Acquisition Corporation

IRVINE, CA -- (MARKET WIRE) -- December 14, 2006 -- Procom Technology, Inc. (PINKSHEETS: PRCM) announced that its shareholders overwhelmingly approved a merger with CNDL Acquisition Corporation, a private company formed by Alex Razmjoo, CEO of Procom, and that it has completed the merger. Under the terms of the definitive agreement, shareholders will receive $1.35 cash for each share of common stock of the company. Procom's transfer agent, U.S. Stock Transfer Corporation, Glendale, California, will arrange for the payment of the merger consideration through a payment agent agreement.

As a result of the merger, the stock of Procom Technology, Inc. will not be traded after the close of business today.

Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995

Except for historical information contained herein, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Procom's current expectations, estimates and projections. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Procom and CNDL Acquisition Corporation. Accordingly, no assurances can be given that specific results will be achieved. Procom disclaims any intent or obligation to update any forward-looking statements contained herein, which speak as of the date hereof.

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