Autologic Information International Inc. formed; Autologic Inc./Information International Inc. merger completed.
The merged company is Autologic Information International Inc. (AIII) and is publicly traded on NASDAQ under the symbol AIII.
Volt is the single largest shareholder of AIII, owning about 59 percent of the outstanding stock. Shaw has been elected chairman and chief executive officer; Dennis Doolittle, former president of Autologic, has been elected vice chairman and chief operating officer; and Al Edwards, former president of Triple-I, has been elected president of AIII.
Doolittle will be responsible for company operations, including finance, engineering, manufacturing, field service and the Digiflex subsidiary. Edwards will be responsible for worldwide sales and marketing, and for the Xitron subsidiary. Ying will remain on the board of directors of AIII and will continue to be a business and technology adviser to the company.
This merger began in June 1995, when a letter of intent was signed and announced in Atlanta at the beginning of the NEXPO Exhibition. In October 1995, at IFRA in Amsterdam, Autologic and Triple-I announced the formation of a joint venture in Europe and successfully began serving their customers in joint collaboration.
News of the merger has been well received by the customers of both companies and the pre-press industry that both companies have served for many years.
Both Autologic and Triple-I have been worldwide leaders in the development, manufacture, sale and service of computer-based systems that automate pre-press operations for newspapers, commercial printers, directory publishers and others.
Their now combined debt-free resources, with revenues exceeding $100 million and net worth of approximately $38 million, will significantly improve the newly formed company's ability to serve its customers worldwide through a broader product line offering, a larger worldwide sales and service organization, and combined research and development capabilities.
Doolittle said, ``We have already begun the integration of the companies by successfully establishing the joint venture in Europe in October 1995, and by merging the sales forces in the United States in January 1996.''
Edwards said, ``We have also detailed plans to further integrate the two companies in the coming months in order to increase the value that we provide to our customers worldwide.''
Triple-I corporate headquarters have been in Los Angeles and Autologic's headquarters in Thousand Oaks. All operations and sales will eventually be consolidated in Thousand Oaks at that 140,000 square-foot facility.
CONTACT: Autologic Information International Inc., Thousand Oaks
Manuel Marrero, 805/498-9611