Printer Friendly

QUATECH ISSUES ANNOUNCEMENT

 QUATECH ISSUES ANNOUNCEMENT
 YEADON, Pa., April 2 /PRNewswire/ -- Quatech, Inc. (OTC), a


distributor of medical and laboratory supplies, scientific publications and optical equipment, announced today that in response to the continued downturn in the economy and the decreasing sales of certain of its operating subsidiaries, the company has been caused to undertake a broad-based financial reorganization of its operations, including implementing significant reductions in personnel and operating expenses, and investigating the possibility of sales of certain of its operations.
 While management said it is hopeful that these steps may improve the company's results of operations, on a long-term basis, there can be no assurances to this effect. If results of operations are not improved shortly, the company said its ability to continue operations as a going concern may be adversely affected.
 /delval/
 -0- 4/2/92
 /CONTACT: Stuart Kolton, president of Quatech, 215-622-7300/ CO: Quatech, Inc. ST: Pennsylvania IN: SU: RCN


MK-JS -- PH042 -- 4514 04/02/92 15:50 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 2, 1992
Words:160
Previous Article:GATEWAY COMMUNICATIONS ANNOUNCES APPOINTMENT OF PATRICK F. CADIGAN AS CHAIRMAN OF THE BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER
Next Article:SPECIALTY CHEMICAL RESOURCES SECURES $10 MILLION CREDIT LINE AT PRIME


Related Articles
Now Connect to 8 Serial Devices with One Card: Quatech Releases 8-Port RS-232 Serial PCI Adapter.
Quatech Celebrates the Release of USB Serial Adapters with a 30 Percent Off Online Sale.
Quatech Releases Wireless Data Acquisition Systems!
Express Systems & Peripherals to Distribute Quatech Data Communication Products.
QUATECH RELEASES FIRST LOW PROFILE PCI 2.2 COMPLIANT SERIAL BOARDS.
Quatech releases low profile PCI 2.2 compliant serial boards. (Breaking News).
Buyers guide.
Featured Stocks on Today's Edition of WallSt.net's 3-Minute Press Show: RCCH, DPAC.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters