Advanced Media to acquire Internet company.BOHEMIA Bohemia, Czech Čechy, historic region (20,368 sq mi/52,753 sq km) and former kingdom, in W and central Czech Republic. Bohemia is bounded by Austria in the southeast, by Germany in the west and northwest, by Poland in the north and northeast, and by , N.Y.--(BUSINESS WIRE)--June 20, 1996--Advanced Media Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ADVI) announced today that it has signed a letter of intent to acquire Renaissance Computer Art Center Inc., a privately held New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based developer of web sites, Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the activities, and other business to business multimedia projects. Among Renaissance's accomplishments are world wide web credits for Andrew Lloyd Webber Noun 1. Andrew Lloyd Webber - English composer of many successful musicals (some in collaboration with Sir Tim Rice) (born in 1948) Baron Lloyd Webber of Sydmonton, Lloyd Webber , Digital Equipment Corp. and Dale Carnegie Training as well as special projects for Canon, Sara Lee
Sara Lee Corporation (NYSE: SLE) is a global consumer-goods company based in Downers Grove, Illinois, USA. and Smithsonian Magazine among others. Andrew Edwards, founder and president of Renaissance, said, "This dovetails perfectly with our growth strategy at Renaissance. The World Wide Web is becoming more sophisticated and we are looking forward to applying new resources to our clients' Internet projects as well as strengthening our client relationships by offering a more complete line of multimedia services." Hans J. Kaemmlein, chairman of Advanced Media, commented, "This is an important step forward in Advanced Media becoming a complete provider for its customers of the entire range of interactive multimedia services. It will also expand on our capabilities to make our clients' Internet and web content more transaction driven. The talent and skills of Renaissance personnel assures us that we have selected an excellent partner to exploit the growing Internet business opportunities." A closing of the acquisition is expected within ninety days. CONTACT: Advanced Media Inc. Hans J. Kaemmlein 516/244-1616 (Phone) 516/244-1415 (Fax) |
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