Del Global Technologies Corp. Announces Acquisition of Selected Assets of Acoma Medical Imaging, Inc.VALHALLA, N.Y.--(BUSINESS WIRE)--Dec. 2, 1998--Del Global Technologies Corp. (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 : DGTC) today announced that its 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. , Gendex-Del Medical Imaging Corp., has acquired selected assets of Acoma Medical Imaging, Inc. based in Wheeling, Illinois Wheeling is a village in Cook County, Illinois, United States. The population was 34,496 at the 2000 census, and estimated to be 36,641 as of 2005. Geography Wheeling is located at (42.131526, -87. for cash. Acoma Medical Imaging, Inc. was previously owned by Acoma Medical Industry Co., Ltd. Japan and has expertise in radiographic/fluoroscopic technology for medical applications. The acquired assets will be utilized to broaden Gendex-Del's product line and to enhance operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: . Del's Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President, Leonard A. Trugman, stated "We are excited about the synergies created by the integration of Acoma's cost-effective radiographic/fluoroscopic technology with our Gendex-Del product line. We believe that these systems offer significant price/performance advantages for selected global markets. In addition, this strategic acquisition brings to us the expertise of some of Acoma's key professionals who will be instrumental in assisting in the development of new products and further penetration of global markets by our Company. "We believe that this acquisition enhances the position of our Company as the leading provider of cost-effective imaging systems for medical, chiropractic chiropractic (kīrəprăk`tĭk) [Gr.,=doing by hand], medical practice based on the theory that all disease results from a disruption of the functions of the nerves. , and veterinary markets on a global basis. This acquisition, as well as Del's strong power conversion technology for the healthcare market, will create new and expanded business opportunities. "Our growth strategy continues to consist of accelerating the mix of our business towards cost-effective medical imaging and diagnostic systems, expanding our international sales, aggressively investing in product development and pursuing selected acquisitions on a global basis," Mr. Trugman concluded. Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of state-of-the-art, cost-effective medical imaging and diagnostic systems consisting of mammography mammography, diagnostic procedure that uses low-dose X rays to detect abnormalities in the breasts. The early diagnosis of breast cancer made possible by the routine use of mammography for screening women increases a woman's treatment alternatives and improves her systems, stationary Stationary can mean:
This press release contains forward looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the Company to grow internally or by acquisition and to integrate acquired businesses, changing industry and competitive conditions, and other risks referred to in the Company's registration statements and periodic reports filed with the Securities & Exchange Commission. |
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