DataMetrics acquires Peripheral Equipment Corporation.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--Dec. 4, 2001 DataMetrics Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DMTR DMTR Dounreay Materials Testing Reactor DMTr dimethoxytriphenylmethyl chloride ): Daniel Bertram, President and Chief Executive Officer of DataMetrics Corporation, announced today that the company has acquired Peripheral Equipment Corporation (PEC) of Newbury Park, CA, in exchange for securities in DataMetrics. PEC provides hardware systems for mobile and severe environment computing and networking primarily for Military and Department of Defense applications, and will be operated as wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . "This is a wonderful opportunity for DataMetrics, PEC, our shareholders, and our customers", Mr. Bertram said, "PEC has done a great job of developing state-of-the-art products, while DataMetrics is still known as the leader in rugged military applications". James Youngblood, President of PEC, said, "We see this merger as the best of two worlds, the new products and programs of PEC, and the reputation and access to capital of DataMetrics". "The results of this merger will go beyond operational synergy," added Mr. Youngblood, "The combined company offers the industry's widest range of rugged products to the markets we serve". DataMetrics Corporation is a leader in ruggedized computers, printers, and integrated systems for government, defense and aerospace markets. DataMetrics also designs, develops and manufactures high-speed color, non-impact printers/plotters for specialized industrial applications. DataMetrics Corporation is headquartered in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. . PEC provides hardware systems for mobile and severe environment computing and networking applications. The company re-engineers and re-manufactures commercially available products with enhancements that allow transport and operation in ground mobile, airborne, shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. , and other harsh environments Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve risks and uncertainties, such as quarterly fluctuations in operating results, the timely availability of new products, the impact of competitive products and pricing, and other risks detailed in the Company's filing with the Securities and Exchange 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. for the fiscal year ended October 29, 2000. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made in this press release. |
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