Business Services Industry
Joe Perle Increases Holdings of Perle Systems
Business Wire, July 28, 1998
TORONTO--(BUSINESS WIRE)--July 28, 1998--Joseph E. Perle, President and Chief Executive Officer of Perle Systems Limited (NASDAQ: PERLF; TSE: PL) today announced that on July 26, 1998 he purchased 18,000 common shares of Perle Systems Limited (the "Company") at an average purchase price of $2.78 CDN per 6 share in the open market to hold an aggregate of 1,074,257 common shares of the Company, representing approximately 15% of the outstanding
shares of the Company.
Perle Systems Limited is a leading developer, manufacturer and vendor of award-winning communications hardware and software products. Perle products include Remote Access Servers and Remote Access Switches for Ethernet and Token-Ring LANs and Remote Network Controllers for IBM AS/400 networks. The Company specializes in providing products which give customers reliable remote access to their mission critical applications and data. Perle Systems has offices in 15 countries and offers its products through distribution channels worldwide. Perle's stock is traded on the NASDAQ Exchange (symbol:PERLF) and the Toronto Stock Exchange (symbol:PL).
For more information about Perle and Perle products, please visit the company's web site at http://www.perle.com.
CONTACT: Perle Systems Limited OTC Communications
J. Douglas Langford Robert M. Joyce
905/946-5001 800-458-1799 / 781-444-6100
dlangford@perle.com bobj@otcfn.com
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