Richardson, Texas – June 18, 2003 – USDATA Corporation (OTCBB: USDC) announced today that it has filed a Form 15 with the Securities and Exchange Commission to terminate the registration of its common stock pursuant to the Securities Exchange Act of 1934. The Company has made this filing to eliminate certain costs, such as professional fees, associated with the registration of its common stock, among other reasons. The Company does not believe that the termination of this registration will have any impact on its day-to-day operations, other than such costs savings.
About USDATANow in its 28th year, USDATA Corporation, headquartered in Richardson, Texas is a leading global provider of software and services that give enterprises the knowledge and control needed to perfect the products they produce and the processes they manage. Based upon a tradition of flexible service, innovation and integration, USDATA’s software currently operates in a variety of industries in more than 60 countries around the globe. Customers include seventeen of the top twenty-five manufacturers. USDATA’s software heritage has emerged from manufacturing and process automation solutions and has grown to encompass vast product knowledge and control solutions. The company has a global network of distribution and support partners.
For more information, visit USDATA at www.usdata.com .This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations described herein.
Recipients of this document are cautioned to consider all risks and uncertainties and to not place undue reliance on these forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.
