Com Tech Communication Technologies, Inc. announces intent to acquire Triangle Microsystems, Inc.NEW YORK--(BUSINESS WIRE)--June 25, 1996--Com/Tech Communication 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 :CMTK CMTK Common Mapping Tool Kit ) announced today that it has entered into a letter of intent to acquire Triangle MicroSystems, Inc. a privately-held company, located in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , which designs and develops electronic-based control instrumentation and data transfer systems. The acquisition is subject to further negotiation, and to the satisfactory conclusion of the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process and Board approval. Triangle MicroSystems (TMS TMS Transcranial Magnetic Stimulation (alternative medicine for depression) TMS Test Match Special (sports - cricket) TMS Texas Motor Speedway TMS Transportation Management System TMS Toyota Motor Sales ), incorporated in 1979, is a profitable developer of microprocessor-controlled electronic systems for the control and transfer of both digital and analog data. TMS, which posted revenues in 1995 of approximately $3.5 million, has developed systems for use in a range of industries including microprocessor-based electronic gasoline pump controllers; point of sale/credit authorization control systems; and state-of-the-art building environmental controls and automation systems ("smart buildings"). Com/Tech's management believes that the merging of TMS' electronic design and development capabilities with the Company's extensive communications expertise will effectively link the converging worlds of remote data management and communications to facilitate the movement of digital information for both video and control systems. The combined resources will yield substantial opportunities for the development of new business, while the strong revenue and profitability base of TMS will enhance Com/Tech's pursuit of its own strategic goals. The Company recently announced the intent to acquire Wireless Data Systems, Inc. (WDS Wds Words WDS Wireless Distribution System (Joint Common Database) WDS Wide-area Data Services WDS Wireless Domain Services (Cisco Systems technology) WDS Wavelength Dispersive Spectroscopy ) of Washington, D.C. WDS owns and operates a satellite teleport and video production facilities connected by a fiberoptic transmission network to strategic locations within the Beltway, and interconnected with national fiber systems. WDS also owns an FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. construction permit to build a low-powered TV station. Com/Tech Communications Technologies is a provider of diversified communications technology services including satellite media tours, interactive distance learning programs, and video production. NorthStar Distance Learning, a newly established division of Com/Tech, will spearhead the Company's current and future distance learning programs. CONTACT: Eugene L. Lewis, President and COO Com/Tech Communication Technologies, Inc. (212) 826-2935 or Stephen D. Axelrod, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. Mona J. Walsh Wolfe Axelrod Associates (212) 370-4500; (212) 370-4505 FAX e-mail: 76015.440@compuserve.com |
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