Quantum Communications Group Inc. Acquires Delru/Rigid-Flex Inc.Business Editors & High-Tech Writers ANAHEIM, Calif.--(BUSINESS WIRE)--Oct. 4, 2000 Quantum Communications Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :QNCM) Wednesday announced that it has acquired 100% of Delru/Rigi-Flex Inc., Anaheim, in an exchange for cash. The Quantum board of directors approved the asset purchase with a stated value Stated Value A value that, instead of being par value, is assigned to a corporation's stock for accounting purposes. Stated value has no relation to market price. Notes: of $1,350,000. The terms of payment include cash and a promissory note promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. . Newly formed Rigid-Flex Technologies Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Quantum, provides custom fabricated printed circuit boards for the military and aerospace markets. The company has several Military Approvals and Compliance, including operating under ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 standards and other international designations. Rigid-Flex will manufacture a micro-strip antenna for Quantum's patented Phase Control Array technology for mobile communication applications, including cellular telephone and wireless data systems. Dean White, president of Quantum, stated, "Their unique manufacturing credentials and quality assurance programs make Rigid-Flex an ideal candidate for our acquisition program." Thomas Wilkerson, director of Quantum, stated, "The acquisition of Rigid-Flex will not only provide us with a manufacturing capability but our potential customer base will now include military and aerospace applications for the new Phase Control Array antenna technology." About Quantum Communications Group Inc. Quantum has spent the past five years researching, developing, testing and patenting its new antenna technology (Phase Controlled Antenna, "PCA (tool, programming) PCA - A dynamic analyser from DEC giving information on run-time performance and code use. "). This novel PCA technology defies conventional antenna theory and utilizes a "wafer" configuration compared to traditional "rod" antenna, which thereby potentially reduces RF exposure and improves overall quality for cell phone and wireless handsets. Quantum's business strategy is focused on acquiring value-oriented enterprises in manufacturing, telecommunications, engineering as well as capitalizing on the development of intellectual property and related assets and cross-selling technology applications across a broad spectrum of potential customers. About Rigid-Flex Technologies Inc. Delru/Rigid-Flex Inc. was established in 1958 to provide custom fabricated printed circuit boards. The company remains on the forefront of PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. manufacturing technology and concentrates on special military and aerospace projects. The company's facility is fully equipped to handle just about any printed circuit board order and is the leading PCB manufacturer using advanced equipment that allows the company to manufacture boards up to 0.25 inches thick and down to 2-MIL line spacing. The company meets the following standards: MIL-PRF-55110F, UL 94-VO, MIL-STD MIL-STD Military Standard 2000/WS 6536, MIL-I-45208A, MIL-P-50884C, MIL-STD-2000A, W56536E, ISO 9002. NOTE: Statements made by Quantum Communications Group Inc. that are not purely historical are forward-looking statements within the meaning of the "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. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements involve a variety of risks and uncertainties, including, without limitation, statements with respect to the company's strategy and prospects. These statements are made based upon information available to the company at the time, and the company assumes no obligation to update forward-looking statements. Readers and investors are cautioned that the company's actual results may differ materially from those described in the forward-looking statements due to a number of factors, including but not limited to, demand for the company's products and services, the company's ability to continue to develop its market, general economic conditions. |
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