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:
"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 |
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