Aristo Completes Acquisition of Borta.NEW YORK--(BUSINESS WIRE)--Aug. 1, 1995--Aristo International Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : ATSP ATSP American Tree Sparrow ATSP Asymmetric Traveling Salesman Problem ATSP Association of Telemedicine Service Providers ATSP Advanced Technology Support Program (precompeted umbrella contracting vehicle) ), announced today that it has completed the acquisition of Borta Inc., Sterling, Va. Aristo has acquired 100% of the outstanding stock of Borta Inc. for $10 million in cash and Aristo common stock. Ron Noun 1. Ron - a Chadic language spoken in northern Nigeria Bokkos, Daffo West Chadic - a group of Chadic languages spoken in northern Nigeria; Hausa in the most important member Borta founded Borta Inc., a software tool and technology company focused on new digital entertainment opportunities in the multimedia industry. For more than 20 years Mr. Borta has been a leader in creating the core technologies for some of the most innovative entertainment software in the marketplace. In the 1980s, Mr. Borta pioneered the home video game industry by converting the popular PAC-MAN game from the arcade to a home computer format. He has participated in bringing more than 350 interactive entertainment and educational consumer software products to the consumer market. With Borta Inc., Aristo gains an invaluable foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in the licensing of enabling technologies across several platforms. In addition, Borta's facility with game development will help the company in CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and on-line entertainment products. Aristo International Corp., a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based entity is engaged in the digital entertainment industry. The company is developing interactive CD-ROM and on-line network products and services. Borta Inc. will continue to operate from its Sterling, Va. based facilities. For more information contact Stuart Aarons, Director of Acquisitions, Aristo International Corp. 212/586-2400. CONTACT: Aristo International Corp. Stuart Aarons, 212/586-2400 |
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