Astro-Med places hold on the Instant Publisher order.WEST WARWICK West Warwick (wôr`wĭk, –`ĭk), town (1990 pop. 29,268), Kent co., central R.I., on the Pawtuxet River; set off from Warwick and inc. 1913. Textile manufacturing remains a leading industry. West Warwick includes the village of River Point. , R.I.--(BUSINESS WIRE)--July 9, 1996--Astro-Med Inc. (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 :ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ) announced today that the customized SUNDANCE digital color printers, ordered as OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and equipment by The Instant Publisher Inc. of Toronto, Ontario, Canada, (NASDAQ:TIPIF) on June 4, 1996 for their IPS 1500 four color digital printing system, will not be manufactured and shipped "in the foreseeable future," according to Astro-Med's 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. , Albert W. Ondis. "The order still stands," continued Ondis, "but The Instant Publisher has not produced the financial guaranty we require; therefore, we have placed their order on `hold' until the matter is resolved." Astro-Med, a leading manufacturer of high-tech specialty printers, unveiled the innovative SUNDANCE digital color printer in September, 1994 and began commercial shipments in early 1995. The all-digital SUNDANCE printer is being sold by Astro-Med to customers throughout the world who use it to create brilliant four color labels, tags, and tickets. Because the SUNDANCE requires no printing plates, it is ideal for printing short runs of labels which contain variable data. "Digital color printing," stated Ondis, "is a growth industry which we believe will experience explosive growth in the very near future and we expect to actively participate in that growth with the SUNDANCE." CONTACT: Astro-Med Inc. Albert W. Ondis, 401/828-4000 |
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