American Medical Alert Corporation Announces Acquisition of New Jersey Based AlphaCONNECT Telephone Answering Service.Business Editors OCEANSIDE, N.Y.--(BUSINESS WIRE)--April 13, 2004 AMAC AMAC Adults Molested As Children AMAC Assistance to Mine-Affected Communities AMAC Aircraft Monitor And Control AMAC Approximate Message Authentication Code AMAC American Military Arms Corporation AMAC Asset Management Assistance Center Continues Drive for Growth with Synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. Acquisition for Live Message America Subsidiary American Medical Alert Corporation (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 : AMAC) a healthcare communication company, today announced the acquisition of the operating assets Operating Assets Another term for working capital. of AlphaCONNECT, Inc. by its Live Message America subsidiary. AlphaCONNECT is a privately held telephone answering service answering service n. A business service that answers its clients' telephone calls and conveys messages to the clients. (TAS TAS abbr. 1. telephone answering system 2. true airspeed ) specializing in the provision of services to hospitals and medical group practices. AlphaCONNECT's service area includes Northern and Southern New Jersey and Philadelphia, thereby extending the customer base and geographic scope of AMAC's Live Message America subsidiary. Howard M. Siegel, Chief Executive Officer and President of AMAC, commented, "Today's announcement is in keeping with our goal of making strategic acquisitions designed to augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: the diversification of our revenue streams. AlphaCONNECT's customer base coupled with AMAC's scalable infrastructure will result in a meaningful expansion of our TAS business. We will integrate the AlphaCONNECT organization into our Audubon New Jersey location, operating on AMAC's new platform and continue to maximize efficiencies within our organization." Commenting on the transaction, Stephen Alexopoulos, AlphaCONNECT's President and founder, stated, "We welcome the opportunity to become a contributing player within the AMAC organization. With the improved suite of products and increased capacity now available under the AMAC banner, we can offer a diversified level of quality services to existing clients while expanding our target market to groups not previously within our reach. This is an excellent opportunity for both our companies and we look forward to maintaining positive momentum going forward." About AlphaCONNECT AlphaCONNECT is an independent, owner operated telephone answering service situated in suburban New Jersey. The company's primary product is high quality, live operator telephone answering service incorporating systems which permits the company to respond specifically to the unique telephone answering and call out requirements of each of its customers. About American Medical Alert Corp. AMAC is a national provider of remote health monitoring devices and 24/7 communication services designed to promote early medical intervention and improve quality of life for senior, disabled and chronically ill populations. AMAC's product and service offerings include Personal Emergency Response Systems (PERS a. 1. Light blue; grayish blue; - a term applied to different shades at different periods. ), electronic medication reminder devices, disease management monitoring appliances and 24/7 medical on-call and emergency response monitoring. AMAC operates several National Medical On-Call and Communication Centers allowing access to trained response professionals 24/7. This press release contains 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. that involve a number of risks and uncertainties. Forward-looking statements may be identified by the use of forward-looking terminology such as "may," "will," "expect," "believe," "estimate," "anticipate," "continue," or similar terms, variations of those terms or the negative of those terms. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-KSB, the Company's Quarterly Reports on Forms 10-QSB, and other filings and releases. These include uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc government regulation, technological changes, our expansion plans and product liability risks. |
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