Centennial Technologies, Inc. to acquire Intelligent Truck Project, Inc.BILLERICA, Mass.--(BUSINESS WIRE)--Nov. 7, 1996--CENTENNIAL TECHNOLOGIES, INC. (AMEX AMEX See: American Stock Exchange : CTN ctn abbr. cotangent ) announced today that it is in negotiations to acquire a majority interest in Intelligent Truck Project, Inc. ("ITP ITP - Intent to Package "), a privately held transportation technology company based in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. . Terms of the proposed transaction were not released. The announcement is in the context of a forward-looking statement, and as such, subject to certain risks and uncertainties, including the successful conclusion of negotiations, the approval of the Board of Directors of both Companies and other conditions that cannot be assured, including the risks specified in the Company's Form 10-K for the fiscal year ended June 30, 1996 filed with the Securities and Exchange Commission. No assurance can be given that the proposed acquisition will be completed. CENTENNIAL TECHNOLOGIES, INC. designs, manufactures and markets an extensive line of PCMCIA cards used primarily by OEMs for industrial and commercial applications, as well as provides contract manufacturing services. CONTACT: JAMES M. MURPHY Mur·phy , William Parry 1892-1987. American physician. He shared a 1934 Nobel Prize for discovering that a diet of liver relieves anemia. (508) 670-0646 LINDA DECKER (908) 788-9660 |
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