Rock Hill, South Carolina, Jun. 21, 2007 -
3D Systems Corporation (NASDAQ: TDSC), a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions, announced today that the company has issued a call for the redemption of all of its outstanding 6% Convertible Subordinated Debentures at the close of business on July 23, 2007 at a redemption price of 100% of their aggregate principal amount, subject to the condition that at least $13.5 million aggregate principal amount of the outstanding debentures is converted into shares of the company’s common stock not later than 5:00 p.m., Eastern Daylight Time, on July 20, 2007.
As of June 21, 2007, the company had approximately $14.8 million aggregate principal amount of the debentures outstanding that were convertible, at a conversion price of $10.18 per share, into approximately 1.5 million shares of common stock. The company originally issued the debentures in 2003 in private transactions, and its right to call the debentures for redemption is now exercisable.
Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and expectations and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements,” “Cautionary Statements and Risk Factors,” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.
About 3D Systems Corporation
3D Systems is a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping as well as for production of functional end-use parts: Transform your products.
More information on the company is available at www.3dsystems.com, or via email at moreinfo@3dsystems.com.
|
