Cycomm reports pro forma results of its acquisition of XL Computing Corp.MCLEAN, Va.--(BUSINESS WIRE)--June 4, 1996--Cycomm International Inc. (AMEX AMEX See: American Stock Exchange :CYI CYI Can You Imagine ) reported Tuesday the pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma results of its previously announced acquisition of XL Computing computing - computer Corp. The pro forma information for the nine month period ended Feb. 29, 1996 prepared in connection with the company's Current Report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. is as follows. -0-
Actual Pro Forma
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Assets $ 6,798,147 $12,448,674 Liabilities $ 3,916,154 $ 6,566,681 Stockholders' Equity $ 2,881,993 $ 5,881,993 Revenues $ 1,176,411 $ 7,335,352 -0- The pro forma revenues for the 12 months ended May 31, 1995 are $10,707,359 compared to actual revenues of $1,283,081 for the same period. Albert I Albert I, king of the Belgians Albert I, 1875–1934, king of the Belgians (1909–34), nephew and successor of Leopold II. He married (1900) Elizabeth, a Bavarian princess. . Hawk hawk, name generally applied to the smaller members of the Accipitridae, a heterogeneous family of diurnal birds of prey, such as the eagle, the kite, the Old World vulture, and the secretary bird. , the president and chief executive officer stated "that the pro forma financial information provides a picture of the combined companies at Feb. 29, 1996 and, generally, how the company will look going forward. More significantly, the pro forma financial information shows substantial growth in the asset and revenue levels of the company." Hawk further stated "in the many recent discussions with new stockholders, it is apparent that they are encouraged by the recent rise in the stock price, in part, caused by the increase in value as a result of the acquisition of XL Computing Corporation and its synergies with the Portland operations and the recent change of executive management with the emphasis on improving the profitability of operations." Cycomm International Inc., headquartered in McLean with subsidiaries in Sebastian, Fla., Portland, Ore., Boston, and Albuquerque, N.M., develops, provides and manufactures a variety of information technology products, including computers and computing systems, wireless and cellular devices, and secure communications products and other telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. . For further information, contact Albert I. Hawk, president and chief executive officer, at 800/884-8544. For product information, contact Rick Mandrell at 800/367-7748 or visit the company's web site at www.privafone.com. CONTACT: Cycomm International Inc., McLean Albert I. Hawk, 800/884-8544 or Rick Mandrell, 800/367-7748 |
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