SCM Microsystems Announces Adjournment of Special Meeting
March 23 2009 - 5:14PM
PR Newswire (US)
ISMANING, Germany, March 23 /PRNewswire-FirstCall/ -- SCM
Microsystems, Inc. (Nasdaq: SCMM; Prime Standard, SMY), a leading
provider of solutions that open the Digital World, today announced
the adjournment of its special meeting held March 23, 2009 without
a vote taken on the proposal to approve the issuance of shares of
SCM common stock and warrants to purchase shares of SCM common
stock in connection with the Company's proposed merger with Hirsch
Electronics Corporation. The meeting has been adjourned until 10:00
a.m. on Thursday, April 16, 2009 at SCM's U.S. office located at
41740 Christy Street, Fremont, California 94538, at which time SCM
stockholders will vote on the proposal. About SCM Microsystems,
Inc. SCM Microsystems is a leading provider of solutions that open
the Digital World by enabling people to conveniently access digital
content and services at work, at home and in the marketplace. The
company develops, markets and sells the industry's broadest range
of smart card reader technology for secure authentication of
individuals by computers, networks and facilities. The company's
customers include OEMs, governments and enterprises worldwide. U.S.
headquarters are in Fremont, California; global headquarters are in
Ismaning, Germany. For additional information, visit the SCM
Microsystems website at http://www.scmmicro.com/. Important
Information In connection with the proposed merger transaction
involving SCM Microsystems and Hirsch Electronics, SCM has filed
with the Securities and Exchange Commission ("SEC") a registration
statement on Form S-4 (No. 333-157067), which was declared
effective on February 13, 2009. The definitive joint proxy
statement/information statement and prospectus dated February 13,
2009 was first mailed to stockholders of SCM Microsystems and
shareholders of Hirsch Electronics on February 18, 2009. SCM has
filed other documents regarding the proposed transaction with the
SEC and may file additional documents regarding the proposed
transaction as well. SECURITYHOLDERS OF SCM AND HIRSCH ARE URGED TO
READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/INFORMATION
STATEMENT AND PROSPECTUS, AND OTHER DOCUMENTS FILED WITH THE SEC
REGARDING THE PROPOSED MERGER CAREFULLY AND IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE BECAUSE THEY CONTAIN AND WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The
definitive joint proxy statement/information statement and
prospectus has been mailed to SCM's stockholders and Hirsch's
shareholders. Stockholders of SCM and shareholders of Hirsch may
obtain a copy of the joint proxy statement/information statement
and prospectus, as well as other filings containing information
about SCM and Hirsch, without charge, at the SEC's Internet site
(http://www.sec.gov/). Copies of the joint proxy
statement/information statement and prospectus can also be
obtained, without charge, from the SCM corporate website at
http://www.scmmicro.com/, or by directing a request to SCM
Microsystems, Inc., Attention: Investor Relations, 41740 Christy
Street, Fremont, California 94538 or Hirsch Electronics Corp, 1900
Carnegie Avenue, Bldg B, Santa Ana, California 92705, Attention:
Secretary. In addition to the documents described above, SCM files
annual, quarterly and current reports, proxy statements and other
information with the SEC, which are available at the SEC's website
at http://www.sec.gov/ or at SCM's website at
http://www.scmmicro.com/. THIS COMMUNICATION IS FOR INFORMATION
PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY SECURITIES, NOR SHALL THERE BE ANY
SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH SOLICITATION
OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION
UNDER THE SECURITIES LAWS OF SUCH JURISDICTION. SCM Microsystems
and its directors, executive officers and other employees may be
deemed to be participants in the solicitation of proxies from the
stockholders of SCM in connection with the proposed transaction.
Information about SCM's directors and executive officers is
available in the joint proxy statement/information statement and
prospectus and other materials referred to in the proxy
statement/prospectus. Forward Looking Statements This communication
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, regarding the
prospective merger of SCM and Hirsch and other statements that are
not historical facts. For a discussion of further risks and
uncertainties related to SCM's business, please refer to our public
company reports and the Risk Factors enumerated therein, including
our Annual Report on Form 10-K for the year ended December 31, 2007
and subsequent reports, including our Quarterly Report on Form 10-Q
for the period ended September 30, 2008, filed with the SEC. SCM
undertakes no duty to update any forward-looking statement to
reflect any change in SCM's expectations or any change in events,
conditions or circumstances on which any such statements are based.
Note: The SCM logo is a trademark of SCM Microsystems, Inc.
Additional company and product names may be trademarks or
registered trademarks of the individual companies and are
respectfully acknowledged. DATASOURCE: SCM Microsystems, Inc.
CONTACT: Stephan Rohaly, Chief Financial Officer, +49 89 95 95
5101, , or Darby Dye, Investor Relations-US, +1-510-249-4883, ,
both of SCM Microsystems, Inc. Web Site: http://www.scmmicro.com/
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