An ex-distribution date is the day on or after which shares trade without a particular distribution. Due to the magnitude of the anticipated distribution and consistent with NASD Uniform Practice Code Rule 11140(b)(2), the ex-distribution date, as previously announced, is anticipated to be January 30, 2006, which is the first business day following the January 27, 2006, payable date for the distribution. Shareholders should contact their brokers with any questions regarding the mechanics of the distribution.
netGuru is an engineering services company offering engineering business process outsourcing (EBPO) services for the architecture, engineering, and construction (A/E/C) industry; document/project collaboration software/solutions for A/E/C companies, enterprise software providers, software integrators, and other businesses engaged in document/project-centric operations; and technical services and support. netGuru offices are located in the United States, Europe, and India. For more information, go to www.netguru.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical or factual information, the matters discussed in this press release, including the plan, terms and timing of the distribution are forward-looking statements that involve risks and uncertainties. Actual future events may differ. Factors that could cause or contribute to such differences include, but are not limited to, the ability of the Company to complete the distribution plan, terminate stock plan options, adjust option and warrant exercise prices, reduce costs and expenses, and identify and consummate a potential strategic transaction; business conditions; the demand for collaborative software and EBPO services; competition; and other factors discussed in the "Risk Factors" Section of netGuru's Form 10-KSB for the fiscal year ended March 31, 2005, and other filings made with the U.S. Securities and Exchange Commission.
netGuru, Inc. Bruce Nelson, 714-974-2500 x-5215 or Silverman Heller Associates Dan Matsui/Gene Heller, 310-208-2550