Printer Friendly

S.O.I. INDUSTRIES ANNOUNCES START-UP OF NEW INDIANAPOLIS HIGH-SPEED VIDEO DUPLICATION PLANT

 S.O.I. INDUSTRIES ANNOUNCES START-UP OF NEW INDIANAPOLIS
 HIGH-SPEED VIDEO DUPLICATION PLANT
 HIALEAH, Fla., June 3 /PRNewswire/ -- S.O.I. Industries, Inc. (NASDAQ: LAMP) announced today that its MagneTech Corporation (NASDAQ: TAPE) subsidiary had completed initial trial runs at the new fully automated high-speed video duplication plant in Indianapolis. The new 26,000-square-foot facility went into operation exactly on schedule June 1 as originally planned and within the $1.5m budget, according to S.O.I. management.
 The company says its plans to concentrate efforts in the video and broadcast communication field are continuing with the satellite communications division expected to be operational before the end of June. The company is seeking additional opportunities in this area and eventually plans to re-deploy its assets in this direction and possibly phase out of the lighting and decorative plate industries as opportunities present themselves.
 -0- 6/3/92
 /CONTACT: Donald E. Courtney of S.O.I. Industries, 305-835-2214/
 (LAMP TAPE) CO: S.O.I. Industries, Inc.; MagneTech Corporation ST: Florida IN: SU:


AW-BN -- FL002 -- 6505 06/03/92 09:03 EDT
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:Jun 3, 1992
Words:180
Previous Article:RAINBOW TECHNOLOGIES ACQUIRES MICROPHAR, S.A.
Next Article:DYNATRONICS ANNOUNCES MAJOR NEW PRODUCT; THE DYNATRON 400
Topics:


Related Articles
S.O.I INDUSTRIES, INC. SUBSIDIARY IN MAJOR EXPANSION
MAGNETECH CORPORATION ANNOUNCES ACQUISITION
S.O.I. INDUSTRIES APPOINTS NEW NATIONAL ACCOUNTS DIRECTOR FOR HIGH-SPEED DIVISION OF MAGNETECH SUBSIDIARY
MAGNETECH APPOINTS NATIONAL ACCOUNT DIRECTOR
S.O.I. INDUSTRIES, INC. REPORTS SHARPLY HIGHER SALES, EARNINGS
S.O.I. INDUSTRIES TO ACQUIRE AMERICAN CABINET, INC.
S.O.I. INDUSTRIES, INC. SUBSIDIARY RECEIVES $10 MILLION COMMITMENTS OF NEW ORDERS
S.O.I. INDUSTRIES REPORTS RECORD FIRST QUARTER REVENUES AND EARNINGS
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION REPORTS FIRST QUARTER RESULTS
Digital Communications Technology Changes Operating Name, Expands, Adds New Services

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