American Building Control To Consolidate MDI and ABM Operations.Business Editors LEWISVILLE, Texas--(BUSINESS WIRE)--April 16, 2004 American Building Control, Inc. (Nasdaq:ABCX) announced today that it will consolidate its MDI (1) (Multiple Document Interface) A Windows function that allows an application to display and lets the user work with more than one document at the same time. (TM) Security Systems (MDI) and ABM ABM: see guided missile. ABM - Asynchronous Balanced Mode (TM) Data Systems (ABM) operations in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . This transition is currently under way, and when completed the divisions will occupy approximately 32,000 feet of mixed use office and warehouse facility in the Rackspace Building located at I-10 and Wurzbach Road in San Antonio, Texas. The state of the art facility will house all executive, sales, marketing, technical support and sustaining development activities for the divisions. In addition, all product assembly and integration activities will be based in San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. . As a result of the consolidation, the Company expects to significantly reduce operating costs operating costs npl → gastos mpl operacionales . The Company previously conducted these activities in separate facilities in Rancho Cucamonga, California Rancho Cucamonga is a city in San Bernardino County, California, United States. As of the 2000 census, the city had a total population of 127,743. By July 1, 2002 Census the fast-growing city's population had reached 143,711. and Austin, Texas. Employee headcount at the two locations will be reduced significantly as a result of the consolidation. "Bringing together the organizations in one location is an important strategic step in providing the integrated, client-focused security solutions that will drive MDI and ABM's growth," said J. Collier Sparks, president of MDI and ABM. MDI has been a leader in the access control, video and audio surveillance solutions for more than 25 years. Its customers include some of the most security-sensitive government agencies in the country and several large, high profile corporate and institutional customers worldwide. MDI has already been a strategic participant in a number of important Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States projects. ABM provides alarm monitoring systems that help companies and institutions manage alarm system environments. ABM sells alarm management software for use in central monitoring stations that are owned by either organizations for their own use, such as large universities, or commercial operators, such as surveillance companies. "In conjunction with the move, MDI is significantly increasing its commitment to its technical support operations, which will play a pivotal role in supporting our distributors and customers as we roll out our next generation of networked security solutions later this year," said Mr. Sparks. He said that the Company expects to significantly increase the number of tech support personnel. The technical support group will be multi-tiered to provide customers with immediate results to their issues. We will also implement state-of-the art interactive technology issue tracking tools to improve communications with distributors, integrators and customers. Mr. Sparks also said that the Company has reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. its sales force into three vertical units: (1) Commercial, which will concentrate on distributing the Company's PointGuard(R) products; (2) Enterprise, which will sell the Company's line of products sold under its SAFEnet(R) brand name; and (3) ABM products distributed under the Company's Phoenix Business Solutions(R) name. "Focusing our sales activities on specific customer verticals is just one more measure that we are taking to better support our client base," said Mr. Sparks. "The marketplace is evolving to converged physical and IT security networks, and the ultimate winners will be those companies that can best deliver integrated, customer-centric solutions. We expect to be a winner." Asset Sale Update The Company also provided an update on the proposed sale of the SecurityandMore(R) and Industrial Vision Source (IVS ivs - INRIA Videoconferencing System. A video-conferencing tool for the Internet based on the H.261 video compression standard. http://zenon.inria.fr:8003/rodeo/personnel/Thierry.Turletti/ivs.html. (TM)) operations that was first announced in March. USBX, the investment banking firm handling the divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of the businesses, has notified the Company that there has been positive initial interest expressed by several parties and that discussions are expected to begin over the next couple of weeks. The Company said that all divestiture discussions are preliminary in nature, and it is premature to discuss potential price, terms, or timing concerning any possible transactions. About American Building Control, Inc. American Building Control is a leading provider of centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. , integrated security solutions for the corporate, government and institutional markets. For more information on American Building Control, Inc., please visit our website www.americanbuildingcontrol.com. Forward-Looking and Cautionary Statements Except for historical information and discussions contained herein, certain statements included in this press release may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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, These statements include a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission. |
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