All-Comm Media Corp. announces acquisition letter of intent.CULVER CITY Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. , Calif.--(BUSINESS WIRE)--Dec. 20, 1995--Barry Peters, chairman of All-Comm Media Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALCM ALCM air launched cruise missile (US DoD) ALCM Association of Lutheran Church Musicians ALCM Associate in Loss Control Management (insurance) ALCM Associated Landscape Contractors of Massachusetts ), Wednesday announced the signing of a letter of intent to acquire a privately owned database marketing company. The understanding calls for non-disclosure of the company's name until completion of a definitive stock purchase agreement and financing arrangements, which is expected to close by late January or early February 1996. Peters commented: "The targeted acquisition is a supplier of advanced database services and direct marketing programs, and has considerable expertise in the use of computer technology to develop, segment, enhance, maintain and market customer and prospect list databases. "The databases and customer profiles created for clients make it an important supplier of customized direct marketing programs and related services. Primary clients include middle market and larger banks, mutual fund companies and financial institutions. We are enthused about the many opportunities this presents for the future growth of All-Comm Media Corporations and look forward to continued progress in our acquisition program. "Financial performance has been excellent. Its unaudited revenues were $5.4 million in 1994 and $3.7 million in 1993 with pre-tax profits of $858,000 in 1994 and $748,000 in 1993, respectively. For the six months ended June 30, 1995, revenues were $3.9 million, as compared with $2.6 million for the first six months of 1994, with pre-tax income of $698,000, compared to $511,000 for the same period in 1994. Peters also announced the engagement of a recognized investment bank to assist All-Comm Media in its financing plans. He stated: "The firm has a superior record of performance and a strong following among institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. who specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in small cap and emerging companies. We are particularly pleased with this association because of the firm's understanding of our business strategy, and the dynamics of the direct marketing industry." All-Comm Media is a direct marketing, information and media services company currently specializing in direct marketing for the arts, educational and other tax-exempt organizations by providing telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. and telefundraising services through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Stephen Dunn Stephen Dunn (b. 1939, New York City) is an American poet. Dunn has written fourteen collections of poetry, and has won the Pulitzer Prize for Poetry for his 2001 collection, Different Hours. & Associates Inc. CONTACT: All-Comm Media Corp., Culver City Barry Peters/William Savage, 310/342-2800 or Coffin-KCSA, Sherman Oaks, Calif. William F. Coffin/John Muir, 818/789-0100 |
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