ALPHA TECHNOLOGIES GROUP, INC. ANNOUNCES ACQUISITION.Inc. ("Alpha" or the "Company" - NASDAQ-ATGI) announced today that Wakefield Wakefield, estate, United States Wakefield, family estate of George Washington, on the Potomac River, E Va.; part of the George Washington Birthplace National Monument (see National Parks and Monuments, table). Engineering, Inc. ("Wakefield"), its wholly-owned subsidiary, purchased all of the assets and business and assumed certain liabilities of Specialty Extrusion, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . ("Specialty") in Fullerton, Calif. Specialty is a manufacturer of aluminum extrusions and related products and services. The purchase price was $2,000,000 in cash subject to certain post-closing adjustments. Specialty will operate as a wholly-owned subsidiary of Wakefield. The acquisition of Specialty represents a vertical integration which will enable Wakefield to enter into new markets and expand its presence in existing markets. For calendar year 1994, Specialty had revenues of approximately $5.6 million and pretax income pretax income Reported income before the deduction of income taxes. Pretax income is sometimes considered a better measure of a firm's performance than aftertax income because taxes in one period may be influenced by activities in earlier periods. of approximately $450,000. Alpha designs Alpha Design is an IBM PC demoscene group from Finland which was originally formed in 1994 under the name Nightmare Productions or NMP by founding members Britelite and Chaj. , manufactures and sells electronic components through Wakefield and Uni-Star Industries, Inc. ("Uni-Star"). Wakefield is a designer and manufacturer of thermal management products. Uni-Star is a designer, manufacturer and assembler Software that translates assembly language into machine language. Contrast with compiler, which is used to translate a high-level language, such as COBOL or C, into assembly language first and then into machine language. of connectors, back-panels, cables and cable assemblies for the aircraft, military and aerospace markets. CONTACT: Alpha Technologies Group, Inc., Johnny J. Blanchard, 713/647-9689 |
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