Printer Friendly

AMERICA ONLINE, INC., BUYS OFFICE BUILDING

 VIENNA, Va., July 29 /PRNewswire/ -- America Online, Inc. (NASDAQ-NMS: AMER), announced today that it purchased the building in which its offices are located. The company purchased the 100,000- square-foot building located at 8619 Westwood Center Drive in Vienna for $7.6 million by financing $6.3 million and investing cash of $1.3 million. The company currently occupies approximately 50 percent of the building.
 "The purchase of the building allows us to lower our cost per square foot of office space and have control over the space which will facilitate the company's growth," said Len Leader, senior vice president and chief financial officer.
 America Online, Inc., is the nation's fastest-growing provider of online services to consumers. The company offers subscribers a wide variety of services, including electronic mail, conferencing, news, sports, weather, stock quotes, software, computing support and online classes. Founded in 1985, the company has established strategic alliances with more than 30 companies including IBM, Apple and Tribune Company. The company completed an initial public offering in March 1992. Personal computer owners can obtain the America Online software at major software retailers and bookstores or by calling 800-827-6364.
 -0- 7/29/93
 /CONTACT: Lennert J. Leader, chief financial officer, America Online, 703-448-8700/
 (AMER)


CO: America Online, Inc. ST: Virginia IN: CPR SU:

MH-DC -- DC014 -- 7530 07/29/93 13:01 EDT
COPYRIGHT 1993 PR Newswire Association LLC
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.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 29, 1993
Words:223
Previous Article:TRITON TRANSPORT SERVICES, CLEVELAND-BASED INTERMODAL DRAYMAN, WINS 'SPECIALTY CARRIER' AWARD FROM OHIO BIKE MANUFACTURER, HUFFY BICYCLE
Next Article:BLISS & LAUGHLIN INDUSTRIES REPORTS FISCAL 1993 THIRD QUARTER RESULTS
Topics:

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