Alpha Microsystems to sell Alpha HealthCare dental systems subsidiary to Datacon.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)--Aug. 27, 1996--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 Tuesday announced that it has signed a letter of intent to sell the operations of its Alpha HealthCare subsidiary, a Eugene, Ore.-based developer and marketer of dental practice Noun 1. dental practice - the practice of dentistry practice - the exercise of a profession; "the practice of the law"; "I took over his practice when he retired" management systems, to privately-held Datacon Management Inc. of Santa Rosa Santa Rosa, city, Argentina Santa Rosa, city (1991 pop. 80,629), capital of La Pampa prov., central Argentina. It is a modern city and road junction surrounded by a rich agricultural and cattle-raising area. , Calif. for a combination of cash, notes and other consideration. The transaction is subject to the signing of a definitive agreement and completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . The sale is expected to close within thirty days and is expected to impact results for the company's fiscal second quarter ended Aug. 25, 1996 due to a one-time write-off of up to $200,000 associated with the transaction. Further terms were not disclosed. In making the announcement, Alpha Microsystems President and Chief Executive Officer Douglas J. Tullio said: "This sale and the recently announced sale of our U.K. subsidiary and its subsidiaries in Dublin and Belfast is anticipated to improve future bottom-line performance of Alpha Microsystems. In addition, the company will be able to focus its resources on its growing U.S. services operation and newly announced AlphaCONNECT family of Internet/intranet products such as AlphaCONNECT Pro and Alpha StockVue." According to Tullio, Datacon will appoint 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 ) as its preferred nationwide provider of maintenance services, except in selected counties in northern California. In addition, AMSO 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 its current base of Alpha HealthCare customers and to future Datacon/Alpha HealthCare customers. Tullio added: "Datacon has been a long-time Alpha Microsystems dealer, and is widely recognized for the development and sale of dental practice management systems, primarily in California. "The addition of Alpha HealthCare's customer base will further enhance Datacon as a sizable national supplier with an installed base in excess of 1,200 systems servicing the practice management needs of over 4,000 dentists. "The Datacon/Alpha HealthCare combination should provide an excellent opportunity to enhance the sales of Alpha Microsystems products and services into the dental market." 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. CONTACT: Allen & Caron/South Coast Communications Erik Randerson (investors) Owen Daley (media) 714/252-8440 |
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