MKS Announces Exercise of Underwriter Warrants
Waterloo ON - May 7, 2003: MKS Inc. (MKS) (TSX:MKX), a leading provider of tools to automate, secure, manage and control the software development process, today announced that holders of 926,000 underwriter warrants (the "Underwriter Warrants") issued by MKS in connection with the sale of special warrants of MKS in February 2001 have now exercised all of their warrants. Each Underwriter Warrant entitled the holder to acquire one common share of MKS at an exercise price of $1.35. In January 2003, MKS extended the expiry date for the Underwriter Warrants from February 23, 2003, to April 29, 2003. Proceeds from the exercise totaled US $752,086. The exercise of the warrants increased the outstanding common shares of MKS to 40,699,532 as of April 30, 2003.
Waterloo ON - May 7, 2003: MKS Inc. (MKS) (TSX:MKX), a leading provider of tools to automate, secure, manage and control the software development process, today announced that holders of 926,000 underwriter warrants (the "Underwriter Warrants") issued by MKS in connection with the sale of special warrants of MKS in February 2001 have now exercised all of their warrants. Each Underwriter Warrant entitled the holder to acquire one common share of MKS at an exercise price of $1.35. In January 2003, MKS extended the expiry date for the Underwriter Warrants from February 23, 2003, to April 29, 2003. Proceeds from the exercise totaled US $752,086. The exercise of the warrants increased the outstanding common shares of MKS to 40,699,532 as of April 30, 2003.
About MKS
MKS Inc. (MKS) (TSX:MKX)
provides award-winning enterprise software configuration management
(SCM) and interoperability software solutions enabling Global 1000
companies to better manage and control the complete process of software
development. The Company's family of SCM products offers advanced
technology with robust workflow, version control, and impact analysis
capabilities. Under its widely known MKS Toolkit brand, MKS provides
UNIX-Windows co-existence, and system administration that significantly
cut development and administrative costs and reduce time to market
while enabling enhanced performance. Founded in 1984 with over 10,000
customers worldwide, MKS has built its brand on the foundation of
advanced technology, superior quality and extraordinary customer
service. More information about MKS can be found at http://www.mks.com, or by calling 1-800-265-2797 (US & Canada), +49-711-351775-0 (Germany), and +44-1483-733900 (United Kingdom).
MKS and MKS Toolkit are trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.
Investor Contact:Douglas Sawatzky, CFO
519-883-3252
Email: dsawatzky@mks.com
