Cambex Corporation Completes Acquisition of Super PC Memory, Inc.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--March 25, 2002 Cambex Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBEX CBEX China Beijing Equity Exchange ), a leading supplier of memory products and storage area network solutions, today announced it has completed the acquisition of Super PC Memory, Inc., of Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). . Super PC Memory is a leading provider of memory products for servers, workstations, desktop PCs and laptops. Cambex can now offer the industry one of the most complete memory product lines enabling enterprise customers to look for a single source supplier when upgrading their computer systems. "Cambex's high-end memory and Fibre Channel infrastructure products for mainframes and enterprise servers complement well the low-end memory products and the strong sales organization of Super PC Memory," said Joseph F. Kruy, Chairman 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 Cambex. "With this acquisition we are well positioned to address our customers' needs in the coming business recovery." Super PC had revenues of approximately $22,000,000 in 2001. It will be operated as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cambex Corporation. The company will account for the transaction using the purchase method of accounting. The purchase price includes the issuance of Cambex common stock and payments based on the profit performance of the subsidiary over the next three years. About Cambex Corporation Cambex Corporation, headquartered in Waltham, MA has been supplying high-performance, high-availability memory and storage solutions for more than 30 years. The company's products include memory for enterprise servers, workstations, and PCs as well as Fibre Channel infrastructure products and disk array systems for building storage area networks. Cambex products have been installed in many Fortune 1000 data centers worldwide. Cambex Corporation can be reached at 781-890-6000 or on the World Wide Web at www.cambex.com. Super PC Memory, Inc. can be reached at 800-752-1109 or on the World Wide Web at www.superpc.com. Forward-looking statements are made in this release pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or product introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, dependence on third parties for components and products, general economic conditions 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. and international markets, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. |
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