Alpha Microsystems Completes Acquisition of M & J Technologies.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--March 2, 1998--Alpha Microsystems (NASDAQ/NMS:ALMI ALMI Application Level Multicast Infrastructure ALMI Automated Listing and Mapping Instrument (US Census Bureau) ) today announced that it has completed its acquisition of Florida-based M & J Technologies, a privately-held company. The purchase price, which is contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent future revenues, is expected, based upon past performance, to be approximately $700,000 in cash, consisting of an initial down payment and two equal future payments payable at twelve and eighteen months after the close, and the assumption of approximately $100,000 in prepaid contract liabilities. The acquisition is expected to contribute approximately $350,000 annually in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (Earnings before Interest, Taxes, Depreciation and Amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Alpha Microsystems Alpha Microsystems is a computer company founded in 1977 by Dick Wilcox and Bob Hitchcock. The first Alpha Micro computer was based upon the WD16 microprocessor chip from Western Digital. (NASDAQ/NMS:ALMI) is dedicated to providing a consistent level of high-quality computer services such as consulting, maintenance and networking for small, mid-sized and large corporations nationwide through its AM Services Operation division with over 45 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. locations. Alpha Microsystems -- a 20-year-old, Santa Ana, Calif. company -- also serves the Internet/intranet market through its AlphaCONNECT division, which includes business-to-business software and technologies. For more information, visit the Company's Web site at www.alphamicro.com. -0- (1) Certain statements in this press release, including statements that the M & J acquisition is expected to contribute approximately $350,000 annually in EBITDA, constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks and uncertainties, including (i) projected revenue and expense levels that have been based on historical results that are not necessarily indicative of the results expected in future periods, (ii) the Company's ability to successfully complete and integrate the acquisition of M & J Technologies, (iii) the ability of the Company to successfully market its services to the M & J customers and markets, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. NOTE TO EDITORS: The "at" symbol preceding "alphamicro" in the email addresses below may not appear properly in some systems. CONTACT: Alpha Microsystems Jeff Dunnigan, 714/641-6220 jdunnigan@alphamicro.com Denny Michael, 714/641-6373 dmichael@alphamicro.com |
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