Lifeline Systems Completes Acquisition of Emergency Response Systems Businesses of March Networks Corporation.Business Editors FRAMINGHAM, Mass.--(BUSINESS WIRE)--July 21, 2003 Lifeline life·line n. 1. a. An anchored line thrown as a support to someone falling or drowning. b. A line shot to a ship in distress. c. A line used to raise and lower deep-sea divers. 2. Systems, Inc. (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 :LIFE), the leading provider of personal and emergency response services 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. and Canada, today announced that it has completed the acquisition of the assets of the Emergency Response Systems business unit of March Networks Corporation, a privately held developer of broadband IP applications and delivery platforms. The acquisition includes the Emergency Response Systems and Outreach Personal Emergency Response Services of March Networks. The terms of the all-cash transaction, which includes an earn-out provision, were not disclosed. The transaction consolidates operations, products and customer lists of two leading companies in the Senior Living market in the U.S. and Canada. "After closing this transaction on schedule, we are moving forward with the integration of the two businesses," said Ron Feinstein, president and chief executive officer of Lifeline Systems. "While we do not expect this acquisition to materially impact our fiscal 2003 results, we are excited by the momentum we are gaining in achieving our goal of penetrating and servicing the Senior Living market." About Lifeline Systems, Inc. Lifeline Systems, Inc. (NASDAQ:LIFE) is the leading provider of personal response and emergency response services in the United States and Canada, currently serving approximately 376,000 subscribers from response centers in Massachusetts, Ontario and Quebec. The Company is committed to providing reassurance REASSURANCE. When an insurer is desirous of lessening his liability, he may procure some other insurer to insure him from loss, for the insurance he has made this is called reassurance. and peace of mind to people who live alone and are faced with isolation and loneliness, as well as the need for emergency response from homes and senior living communities throughout the U.S. and Canada. Lifeline does this with dedicated and well-trained people, advanced technology and a national support structure that accord subscribers the dignity, privacy and respect to which they are entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: . For more information visit www.lifelinesys.com. 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. Statement This news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future performance of Lifeline Systems, Inc. Forward-looking statements, specifically those concerning the Company's anticipated integration of the Emergency Response Systems and Outreach Personal Emergency Response Systems of March Networks Corporation and its penetration and servicing of the Senior Living market, are subject to certain risks and uncertainties, and actual results may differ materially from expectations. These risks and uncertainties include the risk that the acquired business will not perform as anticipated, the risk that the integration of the acquired business will require more management and other resources than originally planned, and other risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on 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. , Forms 10-Q, and other filings and releases. |
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