AUSTIN, Texas, Feb. 9 /PRNewswire-FirstCall/ -- Real-Estateforlease.com, Inc. (formerly OTC Pink Sheets: RLEL), a Delaware corporation (the "Company"), today announced that it had acquired Uni-Pixel Displays, Inc., a Texas corporation, through a stock-for-stock merger of a wholly-owned subsidiary of the Company and another company with and into Uni-Pixel Displays, Inc. After completion of the merger, Uni-Pixel Displays, Inc. is a wholly owned subsidiary of the Company. The effective date of the merger was December 8, 2004.
Real-Estateforlease.com, Inc. further announced the successful completion of a $12.2 million private offering of 3,495,000 shares of its 6% Series A Convertible Preferred Stock at $3.50 per share. Each outstanding share of the Company's Series A Preferred Stock is convertible into two shares of the Company's common stock at any time. Fordham Financial Management, Inc. served as the placement agent for the offering.
Real-Estateforlease.com, Inc. further announced that its stockholders approved the change of its name to "Uni-Pixel, Inc." at the annual meeting of stockholders held January 27, 2005, and the name change became effective on that date. In addition, the Company's ticker symbol changed to (OTC Pink Sheets: UNXL) effective as of Thursday, February 3, 2005.
About Uni-Pixel, Inc.
Uni-Pixel, Inc. (OTC Pink Sheets: UNXL) is the parent company of Uni-Pixel Displays, Inc., a development stage corporation that has developed and patented and hopes to commercialize a new flat panel color display technology: Time Multiplexed Optical Shutter ("TMOS").
The Company's corporate headquarters are located in Austin, TX. For further information, please see http://www.uni-pixel.com/ .
Contact:
Uni-Pixel, Inc.
Reed Killion, President - 512-610-9703
Website: http://www.uni-pixel.com/