SRI International Increases its Investment in Communication Intelligence Corp.
REDWOOD SHORES, Calif. — October 10, 1991 — Communication Intelligence Corp. (NASDAQ:CICIB)(VSE:CUA.) is pleased to announce that it has reached an agreement with SRI International for a private placement of 23,973 shares of the company's Class B common stock at $7.30 (U.S.) per share.
The transaction is subject to regulatory approval.
SRI International is a leading research, development and consulting organization, which participated in the founding of CIC and currently owns approximately 5 percent of the company's voting stock.
CIC is in the business of developing and marketing computer hardware and software. The company's main products allow computer users to interact with their computers by writing with a pen rather than using as keyboard and mouse.
CIC's major contracts currently include a licensing agreement with NCR Gmbh, a marketing and distribution agreement with Apple Computer Japan Inc. and joint development agreements with both Samsung Electronics Co. Ltd. and Intel Corp.
CIC's stock is traded on the Vancouver Stock Exchange under the symbol CUA.B and on NASDAQ under the symbol CICIB.
CONTACT:
Communication Intelligence Corp., Redwood Shores
John Cadle, 415/802-7888