Firecom Declares Supervoting Share Dividend on Common Stock

Business Wire, Nov 21, 1997

WOODSIDE, N.Y.--(BUSINESS WIRE)--Nov. 21, 1997--The Board of Directors of Firecom, Inc. today declared a share dividend on its Common Stock, par value $.01 per share (the "Common Stock"), payable in shares of the newly authorized Class A Common Stock, par value $.01 per share, (the "Class A Common Stock"), at the rate of one share of the Class A Common Stock for each share of the Common Stock issued and outstanding at the close of business of Dec. 5, 1997. The dividend shares will be issued on Dec. 17, 1997.

The Class A Common Stock, which was authorized by shareholders of Firecom at an annual meeting held on Nov. 18, 1997, entitle the holders to vote together with the holders of the Common Stock as a single class and to cast thirty (30) votes per share. Shares of the Class A Common Stock are non-transferable, but convertible at any time at the option of the holder into Firecom's regular Common Stock.

Firecom, Inc. designs, manufactures and distributes safety and security systems for high rise office buildings, hotels, apartment buildings and other large commercial buildings. Firecom and its subsidiaries also distribute and maintain life safety and other electronic building systems manufactured by Firecom as well as other companies.

CONTACT: Firecom, Inc.

Jeffrey Cohen, 718/899-6100