AM International Inc. and IDAB International Inc. announce new strategic alliance.ROSEMONT, Ill.--(BUSINESS WIRE)--May 10, 1995--AM International Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AM) and IDAB WAMAC WAMAC Washington Area Military Athletic Conference AB, a Swedish company, Wednesday announced an agreement in principle to form a strategic alliance providing a worldwide joint marketing arrangement for AM's Sheridan Systems division and IDAB WAMAC's products and services. AM International's Chairman, Jerry Brady Jerry Michael Brady (born March 20, 1936 in Idaho Falls, Idaho) is an Idaho politician and owns a newspaper that is distributed in southeast Idaho. Brady ran twice for Governor of Idaho and despite owning and running one of the largest newspapers in Idaho he was defeated both , stated: "We are pleased to reach this agreement in principle with the WAMAC organization, to further the development and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of both parties' world-class technology. This arrangement would provide Sheridan Systems and WAMAC the opportunity to leverage each other's technological capabilities in all regions in the world. "The combined product and service offering provides newspaper mailroom customers throughout the world with the most advanced and complete capabilities for newspaper mailrooms of any size." AM International Inc. and IDAB International Inc. Wednesday also announced that AM International has agreed in principle to purchase certain assets related to IDAB's stacker, wrapper and other mailroom equipment manufacturing operations in Hialeah, Fla. Consummation of the marketing and asset purchase arrangements are subject to the parties' agreement on binding documentation. Sheridan Systems President, Richard J. Bonnie, applauded this initiative in the global positioning of Sheridan Systems. Bonnie stated, "Sheridan Systems is committed to market share growth through leading-edge technology, both in its newspaper and bindery A NetWare file used for security and accounting in the early NetWare 2.x and 3.x versions. The bindery pertained only to the server it resided in and contained the names and passwords of users authorized to log in to that server. equipment and systems businesses. "The strategic alliance with WAMAC and the acquisition of the mailroom equipment business of IDAB permit Sheridan Systems to provide state-of-the-art product systems and services to our newspaper customers throughout the world." AM International, with corporate headquarters in Rosemont, sells and services a wide range of printing and print production equipment, newspaper mailroom systems and bindery systems and provides services and supplies to the worldwide graphics industry. The company's common stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "AM," and the warrants trade under the symbol "AM.WS." AM International has annual revenues of approximately $500 million and employs about 3,300 people. CONTACT: AM International Inc., Rosemont Thomas D. Rooney, 708/685-2505 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion