CORRECTING and REPLACING JMAR Precision Systems Now Under Private Ownership and New Management.Business Editors/High-Tech Writers CORRECTION...by JMAR JMAR Joint Medical Asset Repository Precision Systems, Inc. CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 1, 2003 In BW5091, (CA-JMAR-PRECISION-SYST) JMAR Precision Systems Now Under Private Ownership and New Management, company web site in contact should read www.jmar-psi.com (sted www.jmar.com). The corrected release reads: JMAR PRECISION SYSTEMS NOW UNDER PRIVATE OWNERSHIP AND NEW MANAGEMENT JMAR Precision Systems, Inc. ("JPSI") is now privately owned and operated. A group of private investors led by Mr. Chandu Vanjani purchased JPSI and assumed the lease on its 25,000 square-foot facility from JMAR Technologies, 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 : JMAR) of Carlsbad, CA on July 21, 2003. Mr. Vanjani is the new 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 JPSI and will oversee the daily operations of the Company. The new owners have rehired all of the JPSI staffmembers that were with the company as of the signing of the purchase agreement and JPSI will continue to do business under the original name for the immediate future. "We are very excited to add JMAR Precision Systems, Inc. to the portfolio of businesses that we own and operate. We are fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to building on the strong business foundation JPSI has already established and investing in a promising future," said Mr. Vanjani. He continued, "JPSI has been a market leader. We intend to ensure this position by continuing to provide excellent products and service to our customers while helping them to meet the challenges and demands of their respective industries." Since 1980, Chandu Vanjani has owned and operated a group of successful companies in the high-tech sector. From 1970 to 1981, Mr. Vanjani served at the senior management level with several multinational companies. He obtained a masters degree in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from Washington University Washington University, at St. Louis, Mo.; coeducational; est. as Eliot Seminary 1853, opened 1854, renamed 1857. It has a well-known medical school and school of social work as well as research centers for radiology, space studies, engineering computing, and the , St. Louis, MO, in 1970. About JPSI JMAR Precision Systems, Inc. is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified manufacturer of Metrology, Motion Control, Robotics and Custom Engineered Systems for the high-end industries of semiconductors, storage devices, machine tools, bio sciences, automotive and other leading edge markets. |
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