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ALDUS CONSUMER DIVISION COMPLETES ACQUISITION OF AFTER HOURS SOFTWARE

 SAN DIEGO, June 22 /PRNewswire/ -- Aldus Corp.'s (NASDAQ: ALDC) consumer division today announced that it has completed its acquisition of After Hours Software (AH Software Inc.). The purchase price included an initial payment of approximately $4 million, with additional payments tied to performance over the next three years. Aldus signed a letter of intent on May 18 to acquire After Hours, a privately owned, Los Angeles- based software developer.
 Under the terms of the agreement, all functions of After Hours Software will be merged over the next several months into the San Diego facilities of the Aldus Consumer Division (ACD).
 The acquisition is being accounted for as a purchase. Accordingly, the June financial results of After Hours will be incorporated into Aldus' financial statements for the second quarter ended July 2, 1993. The acquisition is expected to result in a one-time charge against earnings of up to $2 million, or approximately 15 cents per share, in the second quarter.
 "This is an important strategic acquisition as we expand our line of consumer-oriented, value-priced software," said Steve Cullen, Aldus vice president and general manager of the division. "We believe the personal information management category has the potential for excellent growth, and this acquisition positions us well to participate in this emerging category."
 After Hours is the creator of TouchBase and DateBook, award-winning personal information management (PIM) products for the Apple Macintosh computer. The latest versions, TouchBase Pro and DateBook Pro, were released in April, each with a suggested retail price of $79.95.
 "We're pleased the acquisition has been completed so quickly," Cullen added. "We expect a smooth transition as we incorporate the After Hours products into Aldus' worldwide distribution network."
 DateBook and TouchBase join the other products of the Aldus consumer line: IntelliDraw, Gallery Effects, Personal Press and SuperPaint. Aldus Corp. creates computer software solutions that help people throughout the world effectively communicate information and ideas.
 -0- 6/22/93
 /EDITOR'S NOTE: Aldus, the Aldus logo, PageMaker and SuperPaint are registered trademarks and DateBook, Gallery Effects, IntelliDraw, Personal Press and TouchBase are trademarks of Aldus Corp. Other product and corporate names may be trademarks or registered trademarks of other companies, and are used only for explanation and to the owners' benefit, without intent to infringe./
 /CONTACT: Kathy Episcopo (media), 619-558-6000, ext. 5302, or John Snyder (investor), 206-343-3289, both of Aldus Corp. Consumer Division/
 (ALDC)


CO: Aldus Corp.; After Hours Software; AH Software Inc. ST: California, Washington IN: CPR SU: TNM

JL-BP -- SD004 -- 4712 06/22/93 17:03 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 22, 1993
Words:420
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