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BackWeb Settles Patent Infringement Lawsuit Against HP;
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BackWeb Technologies Ltd. |
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Aug. 31, 2012 |
Dec. 31, 2011 |
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Current Assets: |
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Cash and Cash Equivalents |
$11,183 |
$10,451 |
Trade Accounts Receivable and Other Current Assets |
68 |
41 |
Total Current Assets |
$11,251 |
$10,492 |
Non-current Assets, Property and Equipment, net and Other |
-- |
-- |
Total assets |
$11,251 |
$10,492 |
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|
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Current liabilities |
|
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Accounts Payable and Accrued Liabilities |
$589 |
$312 |
Deferred revenue |
-- |
-- |
Total current liabilities |
$589 |
$312 |
Total shareholders equity |
$10,662 |
$10,181 |
Total liabilities and shareholders equity |
$11,251 |
$10,492 |
BackWeb has approximately 41.3 million shares outstanding and approximately 2.6 million outstanding options at strike prices of $0.25 per share or below. |
About BackWeb:
BackWeb ® Technologies Ltd. (www.backweb.com ) has developed a range of communications software technologies and solutions enabling distribution of important information and digital assets. The company currently has very limited operations. BackWeb's operations are based in Santa Clara, CA and Israel.
Statements in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements of beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, but are not limited to, comments concerning BackWeb's future company plans and future financial results. BackWeb assumes no obligation to update any of the forward-looking statements in this release.
© 2012 BackWeb Technologies Ltd. All rights reserved. BackWeb is a registered trademark. All other trademarks are property of their respective owners.
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BackWeb Media & Investor Contact:
David C. Collins
Catalyst Global LLC
212-924-9800
bwebf@catalyst-ir.com
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