American Custom Components Completes Acquisition of Loyd International.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 12, 1999--American Custom Components (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACCM ACCM Asynchronous Control Character Map ACCM AIDS Community Care Montreal (Montreal, Quebec, Canada) ACCM Annual Conference for Catalog & Multichannel Merchants ACCM Anesthesiology & Critical Care Medicine ) announced today that the company has completed the major phase for the acquisition of Loyd International. Loyd assets worth $10 million dollars have been assigned to ACCM. The private sale of company founders' shares to Loyd International allows minimum dilution of stock. The company also received confirmation that 3,000,000 shares of stock will be returned within ten days by Oxford International. Those shares will be retired upon return. John Groom, chief executive officer of American Custom Components, stated that, "As a result of this move, we anticipate $2,500,000 in additional sales this year. In addition, long-term notes of $620,000 have been reduced to $0. ABOUT AMERICAN COMPONENTS Founded in 1994, American Custom Components designs and manufactures components for computer, military, telecommunications, industrial and medical sectors of the worldwide electronic connector industry. American Custom Components also provides engineering, tooling and injected in·ject·ed adj. 1. Of or relating to a substance introduced into the body. 2. Of or relating to a blood vessel that is visibly distended with blood. injected 1. introduced by injection. 2. congested. plastic manufacturing services, and, competitive contract manufacturing at its Saint Lucia Saint Lucia (sānt l `shə, –sēə), island nation (2005 est. pop. 166,000), 238 sq mi (616 sq km), West Indies, one of the Windward Islands. The capital is Castries. facility in the Caribbean. Visit American's Web site at www.acc-intl.com. Included in this release are "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 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
|
||||||||||||||||

`shə, –sēə)
Printer friendly
Cite/link
Email
Feedback
Reader Opinion