Analysis & Technology, Inc. Completes Merger With Anteon Corporation.NORTH STONINGTON, Conn.--(BUSINESS WIRE)--June 23, 1999-- Analysis & Technology, Inc. (Nasdaq: AATI AATI Austin Area Translators and Interpreters Association AATI Asociación Argentina de Traductores e Intérpretes ) and Anteon Corporation announced today that their merger transaction was completed this afternoon. The merger, announced on March 8, 1999, was approved by a vote of 82.5% of Analysis & Technology's issued and outstanding shares at a special meeting on June 22, 1999. Under the terms of the agreement, Anteon has acquired Analysis & Technology for $26.00 a share in cash and Analysis & Technology is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Anteon, a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation . Gary P. Bennett, Chairman 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. of Analysis & Technology said, "We look forward to doing business as a subsidiary of Anteon. I believe that being part of a larger corporation should improve our ability to bid and win the ever-larger contracts that are a part of our market environment. In addition, there's little overlap between our specific technical capabilities and customer base, thereby creating synergies which will stimulate growth for both businesses." Joseph M. Kampf, President and CEO of Anteon Corporation, said, "The acquisition of Analysis & Technology is a significant milestone in our corporate strategy of building a powerful force for innovation and superior client satisfaction in the IT services industry. We share a tradition of customer focus and commitment to quality that will form the basis for a billion dollar company offering complete technology-based solutions to customers worldwide." Anteon Corporation, based in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. , is a privately held corporation that provides information technology, systems engineering and technology solutions to customers throughout the United States and internationally. Analysis & Technology, Inc. creates technology-based solutions through engineering and information technologies. Its subsidiary, Interactive Media Corp., creates technology and Web- based training using leading-edge multimedia technologies. Information in this news release includes statements that are forward-looking as defined in 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 involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Additional information and discussion concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in Analysis & Technology, Inc.'s fiscal year 1998 Annual Report to Shareholders, and in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. Annual Report. Copies of these documents may be obtained at no charge by calling Elaine Beckwith, Investor Relations Investor relations The process by which the corporation communicates with its investors. Manager, at 860-599-3910, extension 2630. |
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