Communications Central Inc. announces acquisition.ATLANTA--(BUSINESS WIRE)--Nov. 3, 1994--Communications Central Inc. (NASDAQ/NMS:CCIX CCIX Continuous Countercurrent Ion eXchange CCIX Climatic Change Information Exchange ) announced today that it has completed the acquisition of all the assets of Coin Phones, Inc. based in Lawrenceburg, Indiana Lawrenceburg is a city in Dearborn County, Indiana, United States. The population was 4,685 at the 2000 census. The city is the county seat of Dearborn CountyGR6. Lawrenceburg is located in southeast Indiana, on the Ohio River west of Cincinnati. , for a purchase price of $2,135,000 in cash. In the transaction, CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) acquired approximately 250 inmate INMATE. One who dwells in a part of another's house, the latter dwelling, at the same time, in the said house. Kitch. 45, b; Com. Dig. Justices of the Peace, B 85; 1 B. & Cr. 578; 8 E. C. L. R. 153; 2 Dowl. & Ry. 743; 8 B. & Cr. 71; 15 E. C. L. R. 154; 2 Man. & Ry. 227; 9 B. & Cr. lines and 80 coin lines located throughout Indiana and Ohio. Terry Colbert, the Company's president and chief executive officer, stated, "We continue to evaluate and pursue attractive acquisition opportunities as part of our growth strategy. Coin Phones, Inc. built a successful regional business with longstanding relationships in Indiana and Ohio. Their customer base of 50+ correctional facilities overlays CCI's current market territory and will improve our operating economies of scale in those areas." Founded in 1986 and headquartered in Atlanta, Georgia, CCI is a leading provider of payphones, inmate phones and network services. The Company serves a broad range of government, corporate and independent accounts. CCI currently owns and operates a network of over 20,000 payphones and inmate phones located in 35 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . CONTACT: Communications Central Inc., Atlanta Terry L. Colbert, 404/442-7311 |
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