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APPOINT TECHNOLOGIES INC. ANNOUNCES LETTER OF INTENT WITH AMT INTERNATIONAL INDUSTRIES INC.

 ANAHEIM, Calif., April 30 /PRNewswire/ -- Appoint Technologies Inc. (NASDAQ: APNT) (formerly Standard Logic Inc. (NASDAQ: STDL)) announced today that it has executed a letter of intent and is negotiating an agreement and plan of merger by and among Appoint Technologies Inc., Appoint Merger Corp. and AMT International Industries Inc. The letter of intent and agreement provide that Appoint Technologies shall acquire AMT International Industries Inc. for approximately 1,000,000 shares of Appoint Technologies' common stock payable over three years and the assumption of $1,300,000 in term debt plus certain other obligations of AMT International Industries. The completion of the merger is subject to receipt of certain approvals of the shareholders of both Appoint Technologies Inc. and AMT International Industries Inc. Appoint Technologies Inc. shareholder approval is expected to be obtained sometime over the next 90 days, with the closing of the transaction to occur following that approval.
 AMT International Industries Inc., located in Huntington Beach, Calif., designs, manufactures and sells high-performance mixed-signal (combined analog and digital) products principally for use with personal computers in business and industrial applications. AMT recently introduced a family of products, the StarCard series; credit card-sized modems designed for use with portable and laptop computers, which are consistent with the industry trend toward miniaturization and portability. The company currently manufactures 22 telecommunications devices.
 Appoint Technologies Inc. is the parent company of Appoint Inc. and Standard Logic Inc. Appoint designs, manufactures and markets advanced technology, high-dexterity pointing devices (computer mouse products) for IBM-compatible and Apple Macintosh desktop and portable computers. Standard Logic Inc. specializes in the development and sale of both standard and custom products (circuit boards, software and services) to the electronic packaging industry.
 -0- 4/30/93
 /CONTACT: Joseph C. Picken, president and CEO of Appoint Technologies, 805-239-8976; or Shannon T. Squyres, president of Corporate Relations Group, 714-955-1860, for Appoint Technologies/
 (APNT)


CO: Appoint Technologies Inc.; Appoint Merger Corp.;
 AMT International Industries Inc.; Standard Logic Inc. ST: California IN: CPR SU: TNM


JL-LS -- LA007 -- 3059 04/30/93 09:15 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
Words:339
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