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AVL Information Systems Ltd. to Acquire Graphicon Corporation and Passage Corporation.


SARNIA, Ontario--(BUSINESS WIRE)--Nov. 8, 1996-- AVL (Automatic Vehicle Location) See mobile positioning.  Information Systems Ltd. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN)

The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991.
: AVLL) (AVLIS AVLIS Atomic Vapor Laser Isotope Separation ) is pleased to announce that it has entered into a Letter Of Intent to acquire both GraphiCon (GCC GCC: see Gulf Cooperation Council.

(compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc).
) and Passage Corporations (PS). Both Companies are Michigan based and are jointly owned.

GraphiCon, established in 1987, provides map consulting and digitized mapping services for municipal and governmental agencies. GCC has become known as an industry leader in computerized Geographical Information Systems (GIS) applications.

Passage Corp., a registered Oracle Business Alliance Partner, combines GIS products of GCC with its open relational application development and network / systems integration. PS applications are designed to interface with existing computer systems.

The combined strengths of the total product mix gives AVLIS the opportunity to offer "end to end" solutions to a much wider customer base. The acquisition increases the company's "critical mass" by doubling our present highly trained staff with proven industry experts and will allow us to penetrate new markets.

The acquisition will be accomplished through the issue of new treasury shares representing a dilution of no more than 25 percent to the present shareholder. William Kennedy There are several notable people called William Kennedy:
  • William Nassau Kennedy, second Mayor of Winnipeg, Manitoba
  • William Kennedy (author), the Pulitzer Prize-winning author of Ironweed
, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , states "we are extremely pleased GraphiCon / Passage are joining our team. Timing is ideal as markets are opening rapidly and we get the ability to offer a complete package in-house."

AVLIS develops and markets high quality computer based fleet information systems which incorporates Global Positioning Systems (GPS), digital mapping and wireless communication technologies.

NO SECURITIES REGULATOR HAS EITHER APPROVED OR DISAPPROVED OF THE INFORMATION CONTAINED IN THIS RELEASE.

CONTACT: AVL Information Systems Ltd.

Peter Fisher, 519/869-6646

http://www.brincad.com/avlis.html
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 8, 1996
Words:272
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