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Aware, Inc. Amends and Extends Dutch Auction Tender Offer
Date:4/20/2009

BEDFORD, Mass., April 3 /PRNewswire-FirstCall/ -- Aware, Inc. (Nasdaq: AWRE) today announced that it has amended and extended its modified Dutch Auction tender offer. As a result of comments and a request from the Securities and Exchange Commission (the "SEC"), Aware has agreed to narrow the price range of the tender offer to between $2.20 and $2.60 per share. Originally, the minimum purchase price was $1.80 per share. Aware has also extended the expiration date for the tender offer to 5 p.m., New York City time, on Friday, April 17, 2009.

The terms of the tender offer are set forth in Aware's Offer to Purchase, dated March 5, 2009 (as amended on March 31, 2009, and as supplemented by the Supplement to the Offer to Purchase (the "Supplement") dated April 3, 2009, the "Offer to Purchase"), the related letter of transmittal (as it may be amended or supplemented from time to time, the "Letter of Transmittal"), and the Tender Offer Statement on Schedule TO, including Amendment No. 1 and Amendment No. 2 (the "Schedule TO"), filed with the SEC in connection with the tender offer. The Offer to Purchase, the Letter of Transmittal, and the Supplement constitute the "tender offer".

Under the terms of the tender offer, stockholders will have the opportunity to tender some or all of their shares at a price not greater than $2.60 nor less than $2.20 per share. Based on the number of shares tendered and the prices specified by the tendering stockholders, Aware will determine the lowest price per share within the range that will enable it to purchase up to 3,500,000 shares, or such lesser number of shares as are properly tendered. Aware also reserves the right in the tender offer to purchase up to an additional 2% of its shares outstanding. All shares purchased in the tender offer will be purchased at the same determined price per share regardle
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SOURCE Aware, Inc.
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