Ross Systems (NASDAQ:ROSS)
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Ross Systems and CDC Software Announce SEC Approval and Merger
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ATLANTA and HONG KONG, July 20 /Xinhua-PRNewswire-FirstCall/ -- Ross Systems
Inc. ("Ross Systems"; Nasdaq: ROSS) and CDC Software, a wholly-owned subsidiary
and software division of chinadotcom corporation (Nasdaq: CHINA;
http://www.corp.china.com/) today announced the meeting date of Ross Systems
shareholders to vote on its Board of Directors' recommendation to approve the
merger with chinadotcom corporation. The meeting will be held at 10:00 a.m. EDT
on Wednesday, August 25, 2004. Shareholders of record as of the close of
business on July 13, 2004 will receive notice and be entitled to vote on the
merger.
If the transaction is approved by the necessary shareholder votes, the
transaction would be expected to close shortly after August 25, 2004 on or
about August 30, 2004. Full Proxy details regarding the proposed transaction
and the meeting will be mailed on or about July 21, 2004 to shareholders of
record.
About chinadotcom corporation
chinadotcom corporation (Nasdaq: CHINA; Website: http://www.corp.china.com/) is
a leading integrated enterprise software and mobile applications company
focused on China and internationally. The company has over 1,400 employees with
operations in over 14 countries.
For more information about chinadotcom corporation, please visit the website
http://www.corp.china.com/.
About Ross Systems
Ross Systems, Inc. (NASDAQ:ROSS) delivers innovative software solutions that
help manufacturers worldwide fulfill their business growth objectives through
increased operational efficiencies, improved profitability, strengthened
customer relationships and streamlined regulatory compliance. Focused on the
food and beverage, life sciences, chemicals, metals and natural products
industries and implemented by over 1,000 customer companies worldwide, Ross
Systems' family of Internet-architected solutions is a comprehensive, modular
suite that spans the enterprise, from manufacturing, financials and supply
chain management to customer relationship management, performance management
and regulatory compliance.
Publicly traded on the NASDAQ since 1991, Ross Systems' global headquarters are
based in the U.S. in Atlanta, Georgia, with sales and support operations around
the world. For more information about Ross Systems, please visit
http://www.rossinc.com/.
Forward Looking Statements
This press release contains forward-looking statements, including those
relating to the date of the meeting of Ross Systems' shareholders to consider
the transaction with chinadotcom and the closing of such transaction.
Forward-looking statements include statements about plans and proposals for
future actions, or events or conditions that may occur in the future. The
words "believe," "expect," "intend," "anticipate," variations of such words,
and similar expressions identify forward-looking statements, but their absence
does not mean that a statement is not forward-looking. Forward-looking
statements are based on the opinions and estimates of management at the time
the statements are made and are subject to risks and uncertainties and other
factors that could cause actual events, conditions or results to differ
materially from those anticipated in the forward-looking statements, as a
result of a variety of risks, uncertainties and other factors, including,
without limitation the possibility that conditions to closing of any
acquisition agreement may not be satisfied, that one or more third parties may
make competing acquisition proposals, commence litigation or take other action
to seek to delay or prevent consummation of a transaction, or other events
which may cause Ross Systems' board to deem it advisable to hold the
shareholders meeting at a different time or place than presently anticipated.
Ross Systems and chinadotcom assume no obligation to update forward-looking
statements to reflect future events.
Investor and Press Contacts:
Robert B. Webster, Ross Systems, Inc.
Tel: 1 (770) 351-9600
e-mail:
Jane Cheng, Public Relations, chinadotcom
Tel: (852) 2961 2750
Fax: (852) 2571 0410
e-mail:
Craig Celek, US, VP, Investor Relations, chinadotcom
Tel: 1 (212) 661-2160
Fax: 1 (973) 591-9976
e-mail:
DATASOURCE: Ross Systems Inc.; chinadotcom corporation
CONTACT: Robert B. Webster, Ross Systems, Inc., +1-770-351-9600,
; or Jane Cheng, Public Relations, +852-2961-2750, or Fax,
+852-2571-0410, , or Craig Celek, US, VP, Investor
Relations, +1-212-661-2160, or Fax, +1-973-591-9976, ,
both of chinadotcom
Web site: http://www.rossinc.com/
http://www.corp.china.com/