Advanced Business Sciences, Inc. Announces Completion of Acquisition of Comguard of Illinois.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Aug. 26, 1998--Advanced Business Sciences, Inc. (ABSH) an Omaha, Nebraska “Omaha” redirects here. For other uses, see Omaha (disambiguation). Omaha is the largest city in the State of Nebraska, United States. It is the county seat of Douglas County.GR6 As of the 2000 census, the city had a population of 390,007. based technology company, providing real time monitoring and tracking of adults and juveniles as a criminal justice rehabilitative re·ha·bil·i·tate tr.v. re·ha·bil·i·tat·ed, re·ha·bil·i·tat·ing, re·ha·bil·i·tates 1. To restore to good health or useful life, as through therapy and education. 2. alternative has announced the signing of the plan for acquisition of Comguard Leasing & Finance, Inc. and its wholly-owned subsidiary, Comguard, Inc. in a stock exchange valued in excess of $3,000,000. No staff or location changes are contemplated with this acquisition. Rob Rasmussen, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ABSH said "The acquisition completes the first step of our marketing plan allowing our company to provide all levels of service to the criminal justice industry, making the transition from home arrest to GPS tracking See vehicle tracking. easy and cost effective. This acquisition fits in with our strategic plan of partnering with existing home arrest service providers focused on offering their customers all levels of service including GPS tracking. The business combination will bring an additional revenue-stream as well as cost savings to ABSH allowing greater profitability. Comguard's experience in the home arrest arena, gained through their contract with the Illinois Department of Corrections and other major customers, will allow us to bridge the gap between the home arrest and GPS tracking solutions in electronic monitoring. The Comguard home arrest unit enjoys a reputation in the industry of not only being low cost but relatively easy for parole parole (pərōl`), in criminal law, release from prison of a convict before the expiration of his term on condition that his activities be restricted and that he report regularly to an officer. and probation officers probation officer n. 1. An official usually attached to a juvenile court and charged with the care of juvenile delinquents. 2. An official charged with supervising convicts at large on suspended sentence or probation. to install on an offender." Mike Reeves, president of Comguard, stated "the combination of ABSH and Comguard will give Comguard the ability to become a larger force in expanding the basic home arrest market. Our ability to manufacture and distribute our basic unit will be greatly enhanced with ABSH's capital and marketing staff. The GPS product is one that our customers have expressed a strong interest in and having that as as an offering will allow us to be a more complete service provider." Comguard also repairs and resells different types of home arrest units already placed throughout the country.
CONTACT: Advanced Business Sciences, Inc., Omaha
James DiPrima, 1-800-218-8057
Web site: http://www.abscomtrak.com
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