Fundtech Comments on News Articles
14 Giugno 2011 - 7:37PM
Fundtech Ltd. (Nasdaq:FNDT), in response to recent news articles,
today confirmed that it is in preliminary discussions regarding
potential transactions. The company is regularly involved in
discussions with parties regarding potential transactions,
including potential acquisitions and other business combination
transactions, and is having discussions of this kind at this time.
One of the transactions currently being discussed is a merger
transaction with a company based in the United States of America.
In addition, the company was recently approached by a
multinational corporation to express its interest in entering into
a transaction to acquire the company. No agreement has been
reached regarding a transaction and there can be no assurances that
any transaction will result from the current preliminary
discussions, or whether any such transaction would be structured as
a cash or stock acquisition. If these discussions result in an
agreement regarding a transaction, there can be no assurances that
any transaction will be completed. The company does not intend to
make any additional comments regarding this matter unless and until
a formal agreement has been reached or it is otherwise required to
make an announcement.
About Fundtech
Fundtech (Nasdaq:FNDT), was founded in 1993, and is a leading
provider of software and services to banks of all sizes around the
world. Payments systems include wire transfers, ACH origination,
cross-border payments and remittance. Cash management systems are
designed for large corporate through small business clients.
Fundtech operates the world's largest SWIFT service bureau. We
offer an extensive line of financial supply chain applications
including electronic invoice presentment and supply chain
financing. We are the leading provider of CLS systems to the
world's largest banks. More than 1,000 clients throughout the world
rely on Fundtech solutions to improve operational efficiency and
provide greater competitiveness through innovative
business-to-business services. For more information, visit
www.fundtech.com.
Forward Looking Statements:
This news release contains forward-looking statements made
pursuant to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements may include, but are
not limited to, projections of revenues, income or loss, capital
expenditures, plans for growth and future operations, competition
and regulation. Forward-looking statements are inherently subject
to risks and uncertainties, many of which cannot be predicted or
quantified. When used in this Release, the words, "estimates,"
"expects," "anticipates," "believes," "plans," "intends," and
variations of such words and similar expressions are intended to
identify forward-looking statements that involve risks and
uncertainties. Future events and actual results could differ
materially from those set forth in, contemplated by or underlying
the forward-looking statements. The factors that could cause actual
results to differ materially from those discussed or identified
from time to time in Fundtech's public filings, including its
Annual Report on Form 20-F for the year ended December 31, 2010,
including general economic and market conditions, changes in
regulations and taxes and changes in competition in the pricing
environment. Undue reliance should not be placed on these
forward-looking statements, which are applicable only as of the
date hereof. Fundtech undertakes no obligation to revise or update
these forward-looking statements to reflect events or circumstances
that arise after the date of this release or to reflect the
occurrence of unanticipated events.
CONTACT: Yoram Bibring
CFO - Fundtech Ltd.
Tel: 1-201-946-1100
yoram.bibring@fundtech.com
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