For Immediate Release
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| Contacts: | | |
| Mark Deep | Peter Cauley | Stephen Greene |
| Director of Marketing | Chief Financial Officer | Brodeur Worldwide |
| DataMirror Corporation | DataMirror Corporation | 617-587-2872 |
| 905-415-0310 ext. 121 | 905-415-0310 ext. 271 | sgreene@brodeur.com |
| mdeep@datamirror.com | pcauley@datamirror.com | |
DataMirror Announces Renewal of Normal Course Issuer Bid
TORONTO, CANADA — (September 17, 2004) — DataMirror Corporation (Nasdaq:DMCX; TSX:DMC) , a leading provider of enterprise application integration and resiliency solutions, today announced acceptance by the Toronto Stock Exchange of Notice of its Normal Course Issuer Bid, allowing the purchase from time to time, if it is considered advisable, of up to 549,470 of its common shares, which represents 5% of its 10,989,390 outstanding common shares (as at September 2, 2004), on The Toronto Stock Exchange over the next 12 months. The Board of Directors of DataMirror believes that such purchases are in the best interests of the Company and a desirable use of corporate funds. Over the period from September 21, 2003 to September 2, 2004, the Company has purchased and cancelled 565,600 of its common shares at an average price of $11.87 per share under a previous Normal Course Issuer Bid, in effect from September 21, 2003 to September 20, 2004. Purchases of common shares may be made pursuant to the new Notice in the 12 month period commencing September 21, 2004. All common shares purchased by DataMirror pursuant to this Notice will be cancelled.
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About DataMirror
DataMirror (Nasdaq:DMCX; TSX:DMC), a leading provider of live, secure data integration software solutions, gives companies the power to manage and monitor their corporate data in real time. DataMirror’s comprehensive family of software solutions helps customers easily and cost-effectively capture, transform, and flow data throughout the enterprise. DataMirror provides the live, secure data access, integration, and protection companies require today across all computers in their business.
Over 1,800 companies have transformed their business models and created competitive advantage with DataMirror software, including Debenhams, FedEx Ground, First American Bank, OshKosh B’Gosh, Priority Health, Tiffany & Co., and Union Pacific Railroad. DataMirror is headquartered in Markham, Canada, and has offices around the globe. For more information, visitwww.datamirror.com.
Media and Financial Contacts:
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| For further information contact | | | |
| Financial Contact: | Peter Cauley | | |
| | Chief Financial Officer | | |
| | DataMirror Corporation | | |
| | 905-415-0310 ext. 271 | | |
| | Fax: 905-415-0340 | | |
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| Media Contact: | Stephen Greene | | |
| | Brodeur Worldwide | | |
| | 617-587-2872 | | |
“Safe Harbor” Statement under the United States Private Securities Litigation Reform Act of 1995:
Forward-looking statements in this press release, including statements regarding DataMirror Corporation’s business which are not historical facts, are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements of plans, objectives, strategies and expectations. The words “anticipate”, “believe”, “estimate” and “expect” and similar expressions are intended to identify forward-looking statements. Numerous important factors affect DataMirror’s operating results and could cause DataMirror’s actual results to differ materially from the results indicated by this press release or by any forward-looking statements made by, or on behalf of, DataMirror, and there can be no assurance that future results will meet expectations, estimates or projections. These factors include, but are not limited to, the following: the difficulty of developing, marketing and selling new products successfully; variability of quarterly operating results; dependence upon on the continued growth and success of DataMirror’s software products; competition; rapid technological change and new product introductions; dependence upon continued growth in the database and enterprise data integration markets; dependence upon relationships with complementary vendors and distribution channels; the ability to recruit and retain key personnel; risks of international operations, including currency exchange rate fluctuations and global economic conditions; possible software errors or defects; possible infringement claims by third parties; and other factors discussed in the Company’s Annual Information Form and other periodic filings with the United States Securities and Exchange Commission and other regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those indicated in any forward-looking statements. The Company disclaims and does not assume any obligation to update these forward-looking statements.
Copyright 2004 DataMirror Corporation. DataMirror and the DataMirror family of related marks are registered trademarks of DataMirror Corporation. DataMirror and the DataMirror logo are registered in the U.S. Patent and Trademark office, the Canadian Intellectual Property Office, and may be pending or registered in other countries. All other products and services mentioned are trademarks of their respective companies.
