RTTNews - Bioscrypt Obtains Interim Order For Plan Of Arrangement

RTTNews - Bioscrypt Obtains Interim Order For Plan Of Arrangement:

"Bioscrypt Obtains Interim Order For Plan Of Arrangement - Quick Facts [BYT.TO]

2/4/2008 11:53:19 PM Bioscrypt Inc. (BYT.TO) announced that it has obtained an interim order from Ontario Superior Court of Justice for the plan of arrangement pursuant to which L-1 Identity Solutions, Inc. (ID) will acquire all of Bioscrypt's outstanding shares.

The company expects, special meeting of securityholders, called to approve the plan of arrangement, will be held on February 29, 2008.

Directors, officers and other shareholders of Bioscrypt, have signed irrevocable support agreements representing about 25.6% of outstanding shares. The holders of about 87.6% of Bioscrypt's outstanding warrants and about 70.6% of outstanding stock options have signed similar agreements."