LTX-Credence Sets Date for Reverse Stock Split (LTCX)

LTX-Credence Corporation LTXC today announced that its Board of Directors has determined to proceed with the one-for-three reverse stock split previously approved by its stockholders. LTXC expects to file Restated Articles of Organization on September 30, 2010 in order to effect the reverse stock split, and on a post-split basis, set the number of authorized shares of its common stock at 150,000,000. The Restated Articles of Organization were approved by LTX-Credence's stockholders at the Special Meeting of Stockholders held on July 8, 2010.