Mosler acquires equity interest in Pacom Data Ltd.; has seat on board of directors.HAMILTON Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Ohio--(BUSINESS WIRE)--April 11, 1996--Mosler Inc., a leader in the physical and electronic security integration business, continues its moves to position itself for growth by acquiring a minority interest in Pacom Data Pty. Ltd. of Sydney, Australia. The announcement was made today by Michel Rapoport, president and chief executive officer of Mosler Inc. With this agreement Rapoport assumes a seat on the Pacom Data board of directors. The acquisition creates a high value partnership for both organizations which have had a working relationship for over ten years. Mosler will benefit from exclusive distribution rights 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 will supply Pacom Data's leading edge systems and security communications products worldwide. Pacom Data will benefit from Mosler's long experience in the security industry and its extensive distribution, service and support capabilities. "Our alliance with Pacom Data is an important strategic initiative as we continue to position Mosler for significant growth in the commercial and industrial electronic security business," said Rapoport. Mosler is a leading worldwide supplier of electronic security and remote transaction systems, vaults, vault vault, ceiling over a room, formed in any one of a variety of curved shapes. Nature of Vaults A vault is generally composed of separate units of material, such as bricks, tiles, or blocks of stone, so shaped or cut that when assembled they form a doors, money record and data safes, depositories, counters and undercounter steel. Mosler, founded in 1867 and based in Hamilton, has an established and reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil sales and
service network strategically located across the United States and in
Canada, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and Mexico. Mosler manufacturing facilities are
located in California, New York New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey and Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi . Pacom Data is a world leader in highly advanced security communications, networking and systems development. It has been operating since 1983 and has over 14,000 installations in banks and commercial premises in Australia and the United States as well as in the United Kingdom and Ireland. CONTACT: Middleberg & Associates Mark Pasetsky, 212/888-6610 or Mosler Inc. Ruth Jacobs, 513/870-1170 |
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