Autologic Information International Inc. formed; Autologic Inc./Information International Inc. merger completed.
THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. , Calif.--(BUSINESS WIRE)--Feb. 2, 1996--William Shaw, chairman of Volt Information Sciences 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 :VOLT) (``Volt'') and Charles Ying, chief executive officer of Information International Inc. (NASDAQ:IINT) (``Triple-I'') Jan. 30 announced that the merger between Volt's subsidiary Autologic Inc. (``Autologic'') and Triple-I has been completed.
The merged company is Autologic Information International Inc. (AIII AIII Autologic Information International, Inc. ) 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 Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. ; and Al Edwards For the American football player, see .
Al Edwards (born 19 March 1937) was a member of the 78th and 79th Texas Legislature representing District 146.
Edwards is most famously known for sponsoring a bill to ban the use of suggestive clothing by high school cheerleaders. , 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 IFRA,
n.pr See International Fragrance Association. 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 Computer-based systems
Complex systems in which computers play a major role. While complex physical systems and sophisticated software systems can help people to lead healthier and more enjoyable lives, reliance on these systems can also result in loss of 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. 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