Alpha Microsystems sells PANDA school foodservice software operation to Pacific Triangle Software.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)--Jan. 15, 1997--Alpha Microsystems (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 NM:ALMI ALMI Application Level Multicast Infrastructure ALMI Automated Listing and Mapping Instrument (US Census Bureau) ) on Wednesday announced that it has sold its PANDA operation, which develops and markets foodservice software for elementary and secondary schools, to privately-held Pacific Triangle Software Inc. of San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. Pacific Triangle Software is a developer and marketer of software and systems for the school foodservice market. The sales price for PANDA is approximately $1 million including contingent payments of $600,000. The sale is not expected to have a material impact on the company's fiscal fourth quarter ending Feb. 23, 1997. Further terms were not disclosed. In making the announcement, Alpha Microsystems President and Chief Executive Officer Douglas J. Tullio said, "The sale of the PANDA operation is another important step in our strategy to focus our efforts and resources on the AlphaCONNECT family of Internet/intranet products, which includes AlphaCONNECT Pro and AlphaCONNECT StockVue, and on our North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. services operation. We anticipate that the sale of PANDA will also help improve the future bottom-line performance of Alpha Microsystems." Alpha Microsystems Service Operation (AMSO AMSO Army Model and Simulation Office AMSO American Medical Specialty Organization AMSO Aeromedical Safety Officer AMSO Association of Market Survey Organizations AMSO Ammunition Shipment Order AMSO Acquisition Management Staff Office ) will continue to provide maintenance support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the current base of PANDA customers and AMSO has been appointed the sole preferred nationwide provider of maintenance services by Pacific Triangle for its entire installed base throughout the United States. Tullio added, "Pacific Triangle, through its Bon Appetit Software division, has developed an excellent following as a provider of quality solutions to the school foodservice market and PANDA fits well into their strategic product thrust. We are pleased that AMSO will continue to provide maintenance services to the PANDA installed base and believe our appointment as the sole preferred service provider by Pacific Triangle could result in additional service opportunities for AMSO." Pacific Triangle President and 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. David L. Swank said, "The acquisition of the PANDA operation gives us a Windows-based software solution for those school districts that have selected Windows as their preferred operating environment. The installed base of PANDA customers on the West Coast also complements our existing base of Bon Appetit Software customers." Pacific Triangle Software Inc. is a leader in providing industry specific software applications to school districts and other institutions. Its Bon Appetit Software division was a pioneer in the school foodservice applications market as a Business Partner of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) serving both AS/400 and PC users. Alpha Microsystems serves the Internet and intranet markets through its software, services and technologies. The company also provides products and services such as consulting, maintenance, software, hardware and networking both directly and through value-added resellers and distributors. Alpha Microsystems has been in business for over 18 years and today has over 40 locations, as well as third party distribution channels worldwide. For more information, contact the company's Web site at http://www.alphamicro.com . -0- NOTE: Certain statements in the news release 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, uncertainties 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. CONTACT: Allen & Caron/South Coast Communications Erik Randerson (investors) Owen Daley (media) 714/252-8440 |
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