COMPUTER LANGUAGE RESEARCH, INC. AGREES TO SELL SUBSTANTIALLY ALL OF THE ASSETS OF ELECTRONIC FORM SYSTEMS INCORPORATED TO AMERICAN BUSINESS PRODUCTS, INC.CARROLLTON, Texas--(BUSINESS WIRE)--June 15, 1995--Computer Language Research, Inc. (NASDAQ/NM: CLRI CLRI Central Leather Research Institute (India) ) today announced it had reached an agreement to sell substantially all of the assets of its wholly-owned subsidiary, Electronic Form Systems Incorporated (EFS EFS Encrypted File System (Microsoft Windows 2000) EFS Event Free Survival (survival rates in clinical trials) EFS Evangeliska Fosterlandsstiftelsen (Sweden) ), to Vanier Graphics Corporation, a wholly-owned subsidiary of American Business Products, Inc. (NYSE NYSE See: New York Stock Exchange : ABP 1. (networking) ABP - Alternating bit protocol. 2. ABP - Microsoft Address Book Provider. .) According to Stephen Winn, President and 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. of Computer Language Research, "the Company has elected to focus its financial and managerial resources on the development and marketing of specialized application software and services to a small number of vertical markets. We want to be the leader in every vertical market that we serve. While Electronic Form Systems provided some technology used in our tax business, the bulk of the revenue generated by EFS came from systems integration of proprietary forms technology into diverse horizontal markets. Since this is not consistent with our business strategy, we elected to divest EFS. The transaction is expected to close before the end of June." Computer Language Research, Inc., is headquartered in Carrollton, Texas, and maintains sales and support facilities throughout the United States. The Company provides tax and accounting information software and services to accounting firms, banks, corporations, and partnerships under the trade name Fast-Tax, and its Real Estate Division develops and markets residential real estate software and services to property managers and developers. CONTACT: COMPUTER LANGUAGE RESEARCH, INC. M. Brian Healy Group Vice President-Finance and Administration 214-250-7000 or G.A. KRAUT kraut n. 1. Sauerkraut. 2. often Kraut Offensive Slang Used as a disparaging term for a German. [German; see sauerkraut.] Noun 1. COMPANY Inc. Gerard Coffey 212-696-5600 |
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