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Exhibit 99.1
CE Software Holdings, Inc. Announces Completion of Merger
Shareholders approve merger with Lightning Rod Software
West Des Moines, Iowa, April 28, 2000 -- CE SOFTWARE HOLDINGS, INC.
(Nasdaq SC Symbol: CESH) today announced that the merger with Lightning
Rod Software, Inc., previously Atio Corporation USA, Inc., has been
completed. The merger was approved at the Company's annual shareholder
meeting held in Minneapolis yesterday and merger documents were filed
today to officially merge the two companies. As a result of the Merger,
the Company will assume the Lightning Rod Software name. The shares will
continue to trade on the Nasdaq SmallCap Market under the CESH symbol until
Tuesday, May 2, 2000, at which time the Company expects the shares will trade
under the symbol LROD.
As anticipated in the agreement and plan of merger, all shares of the
Company's operating subsidiary, CE Software, Inc., will be distributed to
shareholders of record as of the close of business today. The Company
anticipates that shares in CE Software, Inc will begin trading on the Over
The Counter Bulletin Board some time after May 2, 2000 and shareholders are
encouraged to visit http://www.cesoft.com for more details.
Christian Gurney, president of CE Software Holdings, Inc., presided at the
shareholders meeting. Willem Ellis, who is president and CEO of Lightning Rod
Software, Inc. and will assume the titles of president and CEO of the surviving
corporation, introduced the shareholders to the business of Lightning Rod
Software, Inc. At the effective time of the merger, the members of board and
officers of CE Software Holdings, Inc. relinquished their positions to the
new board of directors and officers of Lightning Rod Software, Inc., in
accordance with the agreement and plan of merger.
About CE Software
For more than a decade, CE Software, Inc., a wholly owned subsidiary of
CE SOFTWARE HOLDINGS, INC. (Nasdaq SC Symbol: CESH), has developed automation
utilities and E-mail software that save time and effort for millions of
Microsoft Windows 95/98, Windows NT/2000 and Macintosh users. For more
information: (515) 221-1801 or http://www.cesoft.com.
About Lightning Rod Software
Based in Minneapolis, MN, Lightning Rod Software (http://www.
lightrodsoft.com) is a global leader in multi-channel, real-time
customer interaction solutions for e-businesses. With Lightning Rod's
Interaction Manager, Website visitors are able to contact e-businesses
using their preferred interaction method, such as Chat, Web-callback,
email, or phone. Lightning Rod clients include e-tail sites such
as http://www.babystyle.com, http://www.boo.com, and online trading
site http://www.stockwalk.com.
This release contains forward-looking statements relating to the
Company's operations that are based on management's current expectations,
estimates and projections and are subject to certain risks, trends and
uncertainties and actual developments may differ materially from those
projected. Words such as "expects," "looks," "anticipates," "plans,"
"intends," "projects," "potential," "committed" and similar expressions
are used to identify such forward-looking statements. These statements
are not guarantees of future performance and involve certain risks,
uncertainties, and assumptions that are difficult to predict. Some of
the important factors that could cause actual results to vary significantly
from management's expectations noted in these forward looking statements
include product performance, customer preferences and industry
consolidation. For a discussion of important factors that could affect
the Company's results, the reader is encouraged to refer to the Company's
annual report or Form 10-KSB and quarterly Form 10-QSB.
