Business Services Industry
PerfectData Announces Results of Annual Meeting of Shareholders; Strengthens Brand By Approving Name Change to Sona Mobile Holdings Corp
Business Wire, Nov 18, 2005
NEW YORK -- PerfectData Corporation (OTC Bulletin Board: PERF.OB), a leading provider of wireless technologies to the financial services, enterprise, entertainment and gaming markets, announced that at its Annual Meeting of Shareholders held yesterday, the following actions were taken or approved by stockholders:
--Electing Shawn Kreloff, John Bush, Nicholas H. Glinsman, Bryan Maizlish, Frank J. Fanzilli, Jr., Paul A. McAleese, Michael P. Castellano and Joseph V. Vittoria to the Board of directors.
--Approving the Amended and Restated Stock Option Plan of 2000 of PerfectData Corporation.
--Changing the company's name to Sona Mobile Holdings, Corp.
--Increasing the number of shares of authorized common stock to 90,000,000. As a result, of the issued and outstanding shares of the company's preferred stock are immediately and automatically converted into shares of common stock.
--Granting the Board of Directors discretionary authority to implement a reverse stock split of common stock at a ratio within the range from one-for-three to one-for-five at any time prior to December 31, 2006.
About Sona Mobile
Sona Mobile Inc. is a leading provider of secure mobile solutions for access to enterprise information and applications. Through its technology, Sona is able to deliver a rich client experience without compromising performance or security. The key differentiator setting Sona apart from its competitors is the innovative Sona Wireless Development Platform (SWP) and 3D mobile methodology. The Sona Wireless Platform (SWP) architecture works across a wide range of mobile devices and operating systems, including Research In Motion's BlackBerry(R) and Microsoft Corp's Windows Mobile(R) lines, without compromising performance or security. Founded in 2000, Sona has offices and subsidiaries in the United States, Canada and the United Kingdom. For more information, visit the company Web site at www.sonamobile.com
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