CSI Computer Specialists Inc. announces closing on acquisition of Phoenix Service Inc.ROCKVILLE, Md.--(BUSINESS WIRE)--June 6, 1997--CSI Computer Specialists 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 :CSIS Noun 1. CSIS - Canada's main foreign intelligence agency that gathers and analyzes information to provide security intelligence for the Canadian government Canadian Security Intelligence Service , CSISW) announced Friday that the company has completed the acquisition of the business assets of Phoenix Service Inc. (PSI). Closing occurred on May 30, 1997. PSI was a subsidiary of Phoenix American Inc. of San Rafael San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif. It was founded in 1988 to provide computer maintenance services for customers of Phoenix Leasing, which was founded in 1972 to provide its customers with equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
PSI serves major metropolitan areas on the East Coast, the Midwest and the West Coast from strategically located service center hubs in New Jersey, Chicago, and Northern and Southern California. CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International Computer Specialists Inc. is in the business of providing a full range of computer hardware services, including sales and maintenance of mainframe and midrange computer equipment and parts, network design and installation, computer upgrades, and installation and deinstallation of equipment. The company provides its services to commercial accounts, agencies of federal, state and local governments, and universities and associations, primarily in the mid-Atlantic region of the Unites States. Donald C. Weymer, CSI's chairman and chief executive officer, has described the acquisition as an integral move toward supplementing the company's present operations in the Richmond-New York corridor, as well as extending the company's operations to markets not previously targeted by the company. Weymer stated that Phoenix Service will operate as a division of CSI, greatly enhancing the company's ability to provide both its services and its products on a nationwide scale. CONTACT: CSI Computer Specialists Inc. Donald C. Weymer, 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. , 301/921-8860 |
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