Empire increases ownership interest in Entrust, could seek representation on company's board

By Lisa Kerner

Charlotte, N.C., April 14 - Empire Capital Partners, LP purchased 1,188,921 shares of Entrust Inc. between Feb. 11 and March 28 for a total of $2.79 million, or an average price of $2.34 per share.

The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

Empire, with a 16.7% stake in Entrust, is the company's largest shareholder and has recently been in discussions with Entrust "concerning appropriate representation" on its board of directors, the filing said.

Empire beneficially owns some 10.24 million shares of the Addison, Texas-based company.

Entrust software and its associated services enable businesses and governments to conduct transactions over wired and wireless networks, including the internet.

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