Bonso Electronics (NASDAQ:BNSOZ)
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Bonso Electronics Announces Exercise of Warrants
HONG KONG, March 22 /PRNewswire-FirstCall/ -- Bonso Electronics International,
Inc today announced that 65,964 of its publicly traded common stock purchase
warrants were exercised to purchase 32,982shares of Bonso's common stock at
$8.25 per share. The unexercised publicly traded common stock purchase warrants
expired on February 13, 2004. Two warrants were exercisable to purchase one
share of Bonso's common stock. As a result of the exercise of the warrants,
Bonso received proceeds of $272,101.50, and the number of outstanding shares
increased to 5,708,365.
About Bonso Electronics
Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures,
assembles and markets a comprehensive line of telecommunications products,
electronic scales and weighing instruments. Bonso products are manufactured in
the People's Republic of China with customers primarily located in North America
and Europe. Company services include product design and prototyping, production
tooling, procurement of components, total quality management, and just-in-time
delivery. For further information, visit the company's website at
http://www.bonso.com/ .
The statements contained in this press release which are not historical fact are
forward looking statements that involve certain risks and uncertainties
including, but not limited to, risks associated with the uncertainty of future
financial results, seasonality of sales of certain products, additional
financing requirements, development of new products, government approval
processes, the impact of competitive products or pricing, technological changes,
currency fluctuations, estimates of market growth, the effect of economic
conditions and other uncertainties detailed in the company's filings with the
Securities and Exchange Commission.
For more information, please contact
In US - George O'Leary
Tel: +1-949-760-9611
Fax: +1-949-760-9607
In Hong Kong - Cathy Pang
Tel: +852-2605-5822
Fax: +852-2691-1724
DATASOURCE: Bonso Electronics International, Inc
CONTACT: In USA, George O'Leary, +1-949-760-9611, or fax,
+1-949-760-9607, or in Hong Kong, Cathy Pang, +852-2605-5822, or fax,
+852-2691-1724, both of Bonso ElectronicsInternational Inc.
Web site: http://www.bonso.com/