Attached files
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8-K - FORM 8-K - XENONICS HOLDINGS, INC. | c09465e8vk.htm |
Exhibit 99.1
Investor Contact: Berkman Associates (310) 826-5051 info@BerkmanAssociates.com |
Company Contact: Alan Magerman, Chairman (760) 477-8900 xenonics@xenonics.com |
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Xenonics Purchases 533,529 Shares
of Its
Common Stock From A Director
CARLSBAD, CALIFORNIA December 7, 2010 XENONICS HOLDINGS, INC. (OTCBB & OTCQB:XNNH) announced today that Robert Buie, a Director of the Company since 2003, has resigned from the Board for personal reasons effective on December 6, 2010. In connection with the resignation, Xenonics also announced that it has purchased and will retire all 533,529 of its common shares owned by Mr. Buie for a total price of $106,706, or $0.20 per share.
“We thank Bob Buie for his years of dedicated service to Xenonics. We will miss his wise advice and counsel, and wish him continued success in the future,” said Chairman Alan Magerman.
About Xenonics
Xenonics Holdings, Inc. develops and
produces advanced, lightweight and compact ultra-high-intensity illumination
and low-light vision products for military, law enforcement, public safety, and
commercial and private sector applications. Xenonics’ NightHunter line of
illumination products is used by every branch of the U.S. Armed Forces as well
as law enforcement and security agencies. Its SuperVision high-definition night
vision is designed for commercial and military applications. Employing patented
technologies, Xenonics provides innovative solutions for customers who must see
farther so they can do their jobs better and safer. Xenonics’ products
represent the next generation in small, high intensity, high efficiency
illumination and low-light vision systems. Visit Xenonics on the web at
www.xenonics.com.
Forward-Looking Statements
Except for the
historical statements, statements in this release may constitute
forward-looking statements within the meaning of section 21E of the Securities
Exchange Act of 1934. When used, the words “anticipates,”
“believes,” “expects,” “intends,”
“future,” and other similar expressions identify forward-looking
statements. These forward-looking statements reflect management’s current
views with respect to future events and financial performance and are subject
to risks and uncertainties, and actual results may differ materially from the
outcomes contained in any forward-looking statement. Factors that could cause
these forward-looking statements to differ from actual results include delays
in development, marketing or sales of new products, and other risks and
uncertainties discussed in the company’s periodic reports on Form
10-K and 10-Q and other filings with the Securities and Exchange
Commission. Xenonics Holdings undertakes no obligation to update or revise any
forward-looking statements.
* * * * *
#4755
3186 Lionshead Avenue, Carlsbad, CA
92010
(760) 477-8900 fax (760) 477-8896 www.xenonics.com
email xenonics@xenonics.com