Atrix International Reaches Agreement with Avnet Inc.MINNEAPOLIS--(BUSINESS WIRE)--July 23, 1998--Atrix International 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 :ATXI) of Burnsville, MN has reached an agreement in its Breach of Contract action against Avnet Inc. filed on December 28, 1997. Terms of the agreement include a cash payment of $176,750 to Atrix. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Steven D. Riedel, President of Atrix International, "this settlement was reached after several months of negotiations. In addition to the cash settlement, Atrix retains ownership to most of the inventory it purchased for Avnet and will realize additional cash as this inventory is sold." Atrix is a leading edge manufacturer of remote metering and production monitoring hardware for the copy control and plastic injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. industries. The company develops and writes proprietary monitoring software for these same industries. In addition, Atrix manufactures industrial vacuums, vacuum filters and printed circuit board transport cases for the office machine/computer industries. The companyalso offers numerous innovative programs for supplying tools and instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. for field service organizations throughout the world. The common stock of Atrix is traded on NASDAQ under the symbol ATXI. Atrix International E-Mail International E-mail (IDN E-mail or Intl E-mail) is E-mail that contains international, UTF-8 encoded, characters (characters which do not exist in the ASCII character set) in the e-mail header. : SRiedel @Atrix.com Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the : www.Atrix.com
CONTACT: Atrix International, Minneapolis
Steven D. Riedel, 612/894-6154
E-Mail: sriedel@atrix.com
Internet: www.Atrix.com
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