Printer Friendly
The Free Library
14,551,487 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

EMC Group Inc. Announces $2.7 Million Acquisition.


ORLANDO, Fla.--(BUSINESS WIRE)--March 9, 1998--EMC Group Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:EMCB EMCB Extended Miller-Chang Bound ) announced Monday that it has entered into a National License Agreement with Treats Canada Corp. for 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.  territory.

Under the terms of the National License, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies.  has acquired the exclusive right to open Treats stores in the United States. EMC is required to open a minimum of 450 stores.

Treats stores sell and serve a variety of specialty baked goods and desserts as well as a line of proprietary gourmet coffees for dine-in or carry out service. The total value of the acquisition by EMC is $2.7 million.

EMC's President, Erhard Sommer Sommer is a surname, from the German and Danish word for the season "summer".

It may refer to:
  • Alfred Sommer (ophthalmologist) (born 1943), American academic
  • António de Sommer Champalimaud
  • Barbara Sommer (born 1948), German politician (CDU)
 stated: "We are excited about the opportunity that the Treats brand represents in the U.S. EMC believes that the combination of Treats gourmet coffees and baked goods distinguishes their concept from traditional coffee purveyors by anticipating consumer trends -- not reacting to them.

"The Treats concept is very strong and well established. Given that the Treats Franchise concept is not capital intensive and offers an efficient, proven design and operating system, we strongly believe that Treats will prove to be an exceptional co-branding partner for regional and national quick serve restaurant chains throughout the United States."

Currently there are over 150 franchised Treats stores throughout Canada and the U.S. EMC Group owns and operates Treats stores in Orlando, Washington, and Detroit.

EMC Group is traded on the OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
 under the symbol EMCB. -0-

For more information on the Treats concept, visit the Treats web site at http://www.treats.com.

CONTACT: EMC Group Inc.

Erhard Sommer, President

941/619-6953, Fax 941/709-0151

or

Investor/Broker Relations:

Shannon/Rosenbloom Marketing, 800/318-7578
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 9, 1998
Words:281
Previous Article:ACTS Inc. Adopts New Name.
Next Article:Datapoint Reports Second Quarter Results: Significant Improvement in Operating Income.
Topics:



Related Articles
EMC acquires McDATA Corporation; Transaction Expected to Add 8 to 10 Cents Per Share to EMC's 1995 Earnings.
EMC reports record revenues, strong net income and cash flow; Board authorizes stock buyback; Company reports fourth-quarter and fiscal year 1995...
EMC Group Inc. -- Reports Acquisition.
EMC Names Jack T. Mollen Senior Vice President, Human Resources; Former Citigroup Executive to Lead EMC Global Recruiting and Employment Functions.
EMC Promotes Three Executives to Senior Vice President; General Counsel Dacier, New Business Development Head Donatelli, CFO Teuber Recognized for...
EMC announces new SAN Copy software.
EMC Completes Acquisition of Legato Systems.
EMC Acquires Dantz Development Corporation; Acquisition Marks EMC's Continued Expansion into the Small and Midsize Business Software Market.
High-tech's spree: big IT companies are buying up small fry to head off competition.(TECHNOLOGY)
EMC Reports Preliminary Fourth Quarter Results; EMC Achieves All-Time Record Quarterly and Full-Year Revenues; Announces Charges Related to...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles