Black Box Corporation Announces Merger with GTC Technology Group, Inc.; GTC Technology Group, Inc. Represents Approximately $7 Million of Historical Voice Services Annual Revenue.PITTSBURGH Pittsburgh (pĭts`bərg), city (1990 pop. 369,879), seat of Allegheny co., SW Pa., at the confluence of the Allegheny and the Monongahela rivers, which there form the Ohio River; inc. 1816. -- Black Box Corporation (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 :BBOX) today announced a merger with GTC GTC See: Good 'til cancelled order GTC See good-till-canceled order (GTC). Technology Group, Inc. (GTC). GTC is a privately-held corporation founded in Ft. Myers Myers can refer to: People
Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and by Russ Arpasi in 1998. GTC has an active customer base that includes commercial, education, health care and various government agencies accounts. Annual revenues of GTC were approximately $7 million for the twelve months ended December 31, 2004. Technology Supply, Inc., a related company which supplies equipment for certain projects, also was included in this deal. Mr. Arpasi, who will remain active in the company, commented: "We are excited about joining the Black Box family. As a Black Box Company we will have access to product and technical support not available to us before. This will be a direct benefit to our present and future clients." Commenting on the merger, Gary Williams For the wrestler with the same name, see . Gary B. Williams (born March 4, 1945 in Collingswood, New Jersey, United States) is the current head coach of the University of Maryland's Men's basketball team. , General Manager of Black Box Voice Services, stated: "We welcome the additional pro-sound, voice and data services in this high growth area of Florida. GTC is a strong addition to the Black Box team which is dedicated to providing high quality services to our clients." This transaction is being accounted for as a purchase. The purchase price has not been disclosed. About Black Box Black Box is the world's largest technical services company dedicated to designing, building and maintaining today's complicated data and voice infrastructure systems. Black Box services 152,000 clients in 141 countries with 122 offices throughout the world. To learn more, visit the Black Box website at www.blackbox.com. Black Box and the double diamond logo are registered trademarks of BB Technologies, Inc. |
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