FOR IMMEDIATE RELEASE: September 18, 2012
NEI Contact: Douglas Bryant
UNICOM Contact: Russ Guzzo
UNICOM Completes Acquisition of NEI
MISSION HILLS, CA and CANTON, MA, September 18, 2012– Network Engines, Inc. (NASDAQ: NEI), a leading provider of server-based application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs worldwide and UNICOM Systems, Inc. (“UNICOM”), a global information technology company and part of the UNICOM group of companies, today announced that the completion of its merger with UNICOM Sub Two, Inc., a wholly owned subsidiary of UNICOM. The merger was approved by the stockholders of NEI at a special meeting held earlier today. With the completion of the merger, NEI became a privately held company and its stock ceased trading on the NASDAQ Global Market at market close today and its shares will no longer be listed.
NEI stockholders will receive $1.45 per share in cash, without interest, for their shares. Computershare Trust Company, N.A, the paying agent for the merger, will be sending out a letter of transmittal and instructions to stockholders who hold certificates registered in their name in the next several days providing specific actions stockholders of record will need to take to surrender their shares for payment. NEI’s stockholders of record should wait until they receive the letter of transmittal before surrendering their share certificates. Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash, since these conversions will be handled by the bank or broker.
About Network Engines, Inc.
NEI is a leading provider of server-based application platforms and lifecycle support services for software developers and OEMs worldwide. Through its expertise and comprehensive suite of solution design, system integration, application management, global logistics, support, and maintenance services, NEI is redefining application deployment solutions to provide customers with a sustainable competitive advantage. More than a decade of appliance innovation with the ability to provide physical, virtual and cloud-ready solutions makes NEI one of the most trusted software deployment partners in the industry. Founded in 1997, NEI is headquartered in Canton, Massachusetts, with facilities in Plano, Texas and Galway, Ireland, and formerly traded on the NASDAQ exchange under the symbol NEI. For more information, visit www.nei.com.
About UNICOM Systems, Inc.
UNICOM Systems, Inc., a division of the UNICOM group of companies, is a global leader in providing innovative software and solutions for the enterprise computing community. Through over three decades of continued development and commitment, UNICOM has redefined the economics and quality of automation for its customers, delivering a new era of collaboration, data management, data-warehousing, outsourcing, integration, communications and commerce.
About The UNICOM® Group www.unicomglobal.com
The UNICOM Group consists of over twenty (20) entities with offices in Los Angeles, Dallas, Boston, Virginia, New Hampshire, New Jersey, Germany, France, UK, Italy, Spain, Belgium and Switzerland. UNICOM focuses on acquiring and integrating mature and growing mid-cap NASDAQ, London Stock Exchange AIM and German publically-traded companies in the technology, financing, real estate, and business services. UNICOM offers deep in-house resources and flexible solutions to sellers worldwide, including privatization, core-products consolidation, IT assets alignments, management independence, integration matrix, and global business strategy.
For more information about the UNICOM® group of companies please go to
|www.unicomglobal.com||Asset, Capital and Investment Management|
|www.unicomsi.com||IBM Mainframe software products|
|www.gtsi.com||Government IT solutions provider|
|www.detec.com||Document Composition products|
|www.softlanding.com||AS/400 and System i software products|
|www.macro4.com||Document Management products|
|www.illustro.com||z/OS and z/VSE software products|
|www.iet-solutions.com||ITIL ITSM software products|
|www.eden.com||Domino Notes and Open Systems products|
|www.cics.com||Hardware, Software, Outsourcing and Professional Services|
Safe Harbor for Forward-Looking Statements
Statements in this press release regarding NEI’s future performance, including statements regarding the proposed sale of NEI and any other statements about the future expectations, beliefs, goals, plans or prospects of NEI or NEI’s management, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to the loss of any key customer or customer product lines, the loss of key suppliers, our ability to retain key personnel and those other factors contained in NEI’s most recent Annual Report on Form 10-K for the year ended September 30, 2011 and the most recent Form 10-Q for the quarter ended June 30, 2012 under the sections entitled “Risk Factors” in such reports as well as other documents that may be filed by NEI from time to time with the Securities and Exchange Commission. Forward-looking statements include statements regarding NEI’s expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. NEI assumes no obligations to update the information included in this press release.