Dataram Corporation [NASDAQ:DRAM] announced today that the Company has begun executing its plan to consolidate strategies for, and operations of, its four business entities under a unified Dataram umbrella. With the integrated business model, the four entities -- Princeton Memory, MicroMemoryBank, MemoryStore.com and 18004memory.com -- will leverage Dataram's corporate brand, support and manufacturing functions, and report directly into the Dataram corporate entity. This effort is expected to further reduce operating costs while aligning the company to focus on revenue growth. The Company expects this transition will effectively leverage the Dataram brand, formed over the last 48 years, while enabling each business unit to focus on unique growth opportunities and go-to-market capabilities within its respective segment. Dataram also expects this strategy will reduce operational complexity and costs, while still allowing Dataram to establish distinct capital allocation policies and revenue goals. Finally, this integration strategy is designed to facilitate partnerships and development of M&A strategies, while allowing optimum strategic flexibility. As the Company continues to streamline operations and establish the foundation for global growth, this integration is also designed to maximize shareholder value, while continuing to drive the growth that has recently reignited Dataram under Dave Moylan's leadership as Chairman and CEO. "As the technology space continues to change at an accelerating pace, it is clear that our efforts must be refocused through a unified and integrated business strategy. Bringing together our business units under a cohesive corporate strategy leverages our overall corporate strengths, while still affording each business unit the flexibility, speed and focus to capitalize on market opportunities, to drive growth, and enhance shareholder value," said David A. Moylan, Chairman and CEO. "In the meantime, we expect this decisive step to enable Dataram to maximize its potential and help ensure Dataram has the operational and financial scale to thrive."
About Dataram CorporationDataram is a leading independent manufacturer of memory products and provider of performance solutions that increase the performance and extend the useful life of servers, workstation, desktops and laptops sold by leading manufacturers such as Dell, Cisco, Fujitsu, HP, IBM, Lenovo and Oracle. Dataram's memory products and solutions are sold worldwide to OEMs, distributors, value-added resellers and end users. Dataram supplies 70 of the Fortune 100 companies, and governmental agencies including the Department of Defense. Additionally, Dataram manufactures and markets a line of Intel Approved memory products for sale to manufacturers and assemblers of embedded and original equipment. Founded in 1967, the Company is a US based manufacturer, with presence in the United States, Europe and Japan. For more information about Dataram, visit www.dataram.com. All names are trademarks or registered trademarks of their respective owners. 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 has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. The Company does not assume any obligations to update any of these forward-looking statements.