Computer Access International Inc. Sells Portion of Subsidiary, Consolidates Retail in Florida.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Sept. 15, 1998--Computer Access International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CPAQ) announced Tuesday that it has sold a portion of its subsidiary, PC Parts Inc., in Harrispurg, Pa. The original owner purchased the parts division of the subsidiary for cash, stock that was held from the original purchase by CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction , and a note. The transaction was completed as part of a plan to consolidate and focus the company's core businesses. The company also announced it has consolidated its two smallest retail stores, Pompano Beach Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. and Fort Lauderdale, into the Tampa, Fla. location. The company will now own and operate four retail locations. Leonard Tambasco, chief executive officer announced: "The sale of our parts division not only provides additional growth capital to the company, but allows this subsidiary, as originally planned, to focus on the service business while continuing to support its retail operation. We currently have three service centers and expect to expand that number in the near future. The service sector of the industry is growing as fast as any part of the computer business. With the consolidation of our retail operations in southern Florida, we're adding much-needed inventory to one of our busiest stores and utilizing our resources to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale the service center there. We'll also continue to conduct our Internet operations there, where demand for product continues to grow." Computer Access International Inc. is engaged in a wide range of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. businesses within the computer industry. These businesses include the distribution of new and used computers and peripherals at the wholesale and retail levels, imaging and scanning, networking and integration, as well as a complete consulting service addressing the Year 2000 problem Year 2000 problem, Y2K problem, or millennium bug, in computer science, a design flaw in the hardware or software of a computer that caused erroneous results when working with dates beyond Dec. 31, 1999. and online sales and services at the company's home page. CONTACT: Computer Access International Inc., Fort Lauderdale Leonard Tambasco, 954/340-2270 lenny@amerigointernational.com www.accessdir.com |
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