[July 13, 2005] Boundless Corporation Receives Court Approval of Its Disclosure Statement Tweet FARMINGDALE, N.Y., July 13 /PRNewswire-FirstCall/ -- Boundless Corporation announced today that the United States Bankruptcy Court, Eastern District of New York has approved the Boundless Corporation's fourth amended Disclosure Statement with respect to its proposed Plan of Reorganization. At the hearing held on June 21, 2005 Honorable Dorothy Eisenberg ruled that the Boundless Corporation disclosure contained adequate information for the purpose of soliciting creditor approval of the Plan of Reorganization. Creditors have been scheduled to vote on the plan by August 26, 2005. A hearing for the court to consider confirmation of the plan has been scheduled for September 6, 2005. Boundless Corporation is expected to emerge from chapter 11 shortly after the confirmation hearing. The Boundless Corporation will emerge as a subsidiary of Vision Technologies. The current management team will continue to operate the company. The Boundless Corporation long range plan will be to: 1. Continue to provide custom, cost effective text terminal display devices for new system installations and to the replacement market 2. Expand the product lines to include custom Linux based terminals for text and web applications 3. Expand the products lines to include RFID read/write capabilities for high frequency and ultra high frequency applications About Boundless Boundless Corporation, formally Applied Digital Data Systems (ADDS) is one of the world's two largest suppliers of text terminals. We are dedicated to desktop technologies that deliver low-cost, highly reliable information to and from a computer network. Our objective is to remove the restrictive bounds of traditional computing and leverage the company's experience as a leader in text terminals. We market our products through a diversified channel approach that includes OEMs, Distribution, Resellers and Integrators on a worldwide scale. As a major OEM supplier, Boundless Technologies manufactures terminals for some of the world's largest and most respected companies, including AT&T, NCR, Digital, IBM, Lucent, and HP. We also manufacture terminals under the names Boundless, ADDS, VT, Viewpoint, and Dorio. With an installed base in excess of six million units, we have established a leadership position in a market that is integral to our future as a global supplier of Data Entry and Display Technologies. Boundless Corporation CONTACT: Jack Ryan of Boundless Corporation, +1-631-962-1466,[email protected] Web site: http://www.boundless.com/ [ Back To TMCnet.com's Homepage ]