PRINCETON, N.J.--(BUSINESS WIRE)--Dataram Corporation [NASDAQ:DRAM] announced today that the company’s Chairman and interim Chief Executive Officer (CEO), David Moylan, acquired $100,000 of restricted, unregistered shares of the Company’s common stock.
The shares were purchased in January for $2.00 per share, for an aggregate of $100,000. In addition to the shares, Mr. Moylan was granted five-year warrants for the purchase of up to 50,000 shares at $2.50 per share. The share and warrant acquisition was disclosed in a Form 4 filing, and it can be accessed on the SEC’s official website, www.sec.gov.
“I am a strong believer in the company and its future. My investment demonstrates my faith in and commitment to Dataram as a company,” said Mr. Moylan. “Dataram is dedicated to providing its customers with superior products and service, and we are focused on demonstrating our value to customers, shareholders, employees, partners, and suppliers alike. Our best days are yet to come and my stock purchase is symbolic of my personal dedication to Dataram’s profitability and future success.”
About Dataram Corporation
Founded in 1967, Dataram is a worldwide leader in the manufacture of high-quality computer memory and software products. Our products and services deliver IT infrastructure optimization, dramatically increase application performance and deliver substantial cost savings to our customers. Dataram solutions are deployed in 70 of the Fortune 100 companies and in mission-critical government and defense applications around the world. For more information about Dataram, visit www.dataram.com.
The information provided in this press release may include forward-looking statements relating to future events, such as the development of new products, pricing and availability of raw materials or the future financial performance of the Company. Actual results may differ from such projections and are subject to certain risks including, without limitation, risks arising from: changes in the price of memory chips, changes in the demand for memory systems, increased competition in the memory systems industry, order cancellations, delays in developing and commercializing new products and other factors described in the Company's most recent Annual Report on Form 10-K, filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. The Company does not assume any obligations to update any of these forward-looking statements.