US Fax acquires Superior Technology Corp. -- Receives Chinese government joint venture approval.PHILADELPHIA--(BUSINESS WIRE)--Oct. 27, 1995--US Fax Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Bulletin Board:USFX USFX Universidad San Francisco Xavier (Bolivia) ) announced the acquisition of Superior Technology Corp., an advanced imaging and holographic See holographic storage. transmission company. Superior Technology brings unique applications and patents to US Fax as well as a staff of recognized experts in optical component design and holographic technology. Also, the company provides a unique capability related to the creation and transmission of 3D and holographic images over digital networks including the Internet. Superior Technology Corp. is also an enhanced Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) offering proprietary Web page design services employing advanced 3D and holographic graphics technology. Superior Technology Corp. has received Chinese government approval to proceed with a joint venture in China whereby the company will mass produce holographic materials including labels and transparent overlays for Chinese government issued identification cards as well as other security applications. The holographic overlays are similar to those placed on credit cards and drivers licenses for security. Estimated revenue to US Fax for the new venture is in excess of $10 million for FY 1996. Founded in 1985, US Fax is a pioneer and one of the original developers of enhanced fax networks. The company's present activities focus on fax-Internet information, imaging and messaging, as well as healthcare electronic publication services. The company's common stock is traded on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Bulletin Board under the symbol USFX. Corporate headquarters are located in Philadelphia. For more information about US Fax and the new US Fax Internet services, call 800/329-1517. CONTACT: US Fax Inc., Philadelphia Lisa Flehinger, 800/329-1517 |
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