NEW YORK, Aug. 7 /PRNewswire/ -- Microbes, Inc. today announced that it has extended its current offer to purchase any and all of its outstanding Class B Common Stock Purchase Warrants, Class 1 and Class B Common Stock Purchase Warrants, Class 2 until 12:00 midnight, New York City time, on Friday, August 15, 2008. The offer was scheduled to expire at 12:00 midnight, New York City time, on August 7, 2008.
The extension will provide Warrant holders additional time to determine whether to tender their Warrants in response to the Company's tender offer. Microbes is offering holders of the Warrants $0.25 per share in cash, without interest, for each share of Class B Common Stock, $.001 par value, for which a Warrant may be exercised and for which the Warrant remains unexercised at the time of acceptance in the tender offer.
The tender offer is being made solely by the Offer to Purchase and the related Letter of Transmittal. Holders of Warrants are urged to read the Offer to Purchase and the related Letter of Transmittal, as well as any amendments or supplements thereto when they become available, because they contain important information.
Microbes' business involves the manufacture and sale of microbial products to increase the yield of oilfields and food crops. Microbes is headquartered in The Woodlands, Texas.
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