Digital Descriptor Systems acquires Visatex.LANGHORNE, Pa.--(BUSINESS WIRE)--Jan. 10, 1995--Digital Descriptor (1) A word or phrase that identifies a document in an indexed information retrieval system. (2) A category name used to identify data. (operating system) descriptor Systems Inc. (NASDAQ/Small Cap: DDSIU-Units, DDSI DDSI Directorate of Defense Services Intelligence DDSI Didemethylsecoisolariciresinol DDSI Divorce, Drugs, and the Slipping Image (book) Common, DDSIW-"A" Warrants, DDSIZ-"B" Warrants) announced today that they have acquired Visatex Corp., a firm that has approximately 600 installations of their COMPU-SKETCH(R) product in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Mexico, England and several other countries. Garrett Cohn, president, chairman and 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. of Digital Descriptor Systems Inc., stated, "COMPU-SKETCH(R) is a state-of-the-art computerized sketch program. The addition of COMPU-SKETCH(R) to our product line presents new cross-marketing opportunities. We look forward to multiplying COMPU-SKETCH's revenues by adding sales through our sales offices. Also, a major portion of Visatex Corporation's costs will be reduced as we eliminate duplicate costs." Specific terms of the transaction were not disclosed. Digital Descriptor Systems Inc. develops, assembles and markets computer installations consisting of software and hardware, which capture video and scanned images, digitize To convert an image or signal into digital code by scanning, tracing on a graphics tablet or using an analog to digital conversion device. 3D objects can be digitized by a device with a mechanical arm that is moved onto all the corners. the image, link the images to text, and then store the images and text on a computer database or transmit the information by computer network or telephone transmission to remote locations and other networks such as LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. , WAN and RF. CONTACT: Digital Descriptor Systems Inc. Garrett U. Cohn 212/752-0963 or John De Nigris Associates Inc. John De Nigris Kimberly Militscher 516/522-2630 |
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