RIMAGE CORP. ACQUIRES ALF PRODUCTS, INC.
MINNEAPOLIS, Oct. 4 /PRNewswire/ -- Rimage Corp. (NASDAQ-NMS: RIMG) of Minneapolis has acquired ALF Products, Inc. of Denver. The purchase is for $1.3 million and 40,000 shares of Rimage stock plus a moderate "earn out" based upon future results of ALF Products. Both companies manufacture diskette duplication equipment and have sophisticated personal computer based controller technology. In 1992 Rimage had sales of $13.2 million, and ALF Products had sales of $3.1 million. "ALF brings to us some different products and market channels," reported Dave Suden, Rimage's VP of Operations and Development, "but more importantly their technology -- when combined with ours -- will create some major advances in media duplication systems and other micro processor based products." Rimage Corp. is publicly traded on the NASDAQ National Market System under the acronym RIMG. -0- 10/4/93 /CONTACT: David McCaffrey, president, or Jon Wylie, controller, of Rimage Corp., 612-944-8144/ (RIMG)
CO: Rimage Corp.; ALF Products, Inc. ST: Minnesota IN: CPR SU: TNM
AL-CP -- MN006 -- 8293 10/04/93 10:52 EDT
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|Date:||Oct 4, 1993|
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