Centennial Technologies announced it acquired a 38% interest in Infos International.BILLERICA, Mass.--(BUSINESS WIRE)--Oct. 2, 1996--CENTENNIAL TECHNOLOGIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (AMEX AMEX See: American Stock Exchange : CTN ctn abbr. cotangent ) announced today that it acquired a 38% interest in INFOS INFOS Informations INTERNATIONAL, INC. ("INFOS"), a supplier of intelligent hand held data collection equipment for route accounting, shop floor data collection and field sales organizations. Terms of the transaction were not disclosed. INFOS INTERNATIONAL, INC. is a private company headquartered in Woburn, Massachusetts Woburn (/'wu.bə(r)n/) is a city in Middlesex County, Massachusetts, USA. The population was 37,258 at the 2000 census. Woburn is the birthplace of Anglo-American scientist Benjamin Thompson, a.k.a. with offices located throughout Europe. Customers of INFOS include international food distributors, package goods manufacturers and suppliers of various household products. Mr. Emanuel Pinez, 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 CENTENNIAL TECHNOLOGIES, INC., stated, "CENTENNIAL's acquisition of an interest in INFOS will allow us the opportunity to provide CENTENNIAL's product offerings with those of INFOS, as well as expand the overall products and services provided by CENTENNIAL. Mr. Thomas Kinch, Chairman and CEO of INFOS INTERNATIONAL, INC., stated, "We believe that with CENTENNIAL we will gain market opportunities for both companies." 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. This announcement contains forward looking statements including, but not limited to, product delivery, expansion of product offerings and expansion of market opportunities. These circumstances and events are subject to numerous risks and uncertainties, included but not limited to delays in delivery of products, satisfaction of the customers' quality requirements as well as successful integration of the interest of the companies and other risks identified in filings made by CENTENNIAL TECHNOLOGIES, INC. with the Securities and Exchange Commission (the "Commission") including the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Commission on September 30, 1996. CONTACT: EMANUEL PINEZ, CEO - CENTENNIAL (508) 670-0646 THOMAS J. KINCH, CEO - INFOS (617) 932-0688 LINDA DECKER, IR (908) 788-9660 |
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