Printer Friendly

ENTERTAINMENT EQUITY CORPORATION ANNOUNCES ACQUISITION OF SOUTHWEST MEMORY, INC.

 DALLAS, Jan. 4 /PRNewswire/ -- Mr. Pat Custer, president of Entertainment Equity Corporation (EEQC), today announced the acquisition of Southwest Memory, Inc. (Southwest) of Dallas.
 Southwest Memory, Inc. is a computer chip distribution company formed in 1986, with 13 full time employees. The company's services include proprietary and specialty chip distribution to major participants in the computer industry. Sales for calendar year 1992 are estimated to exceed $28,000,000 with projected net income of approximately $525,000.
 Preliminary estimate of 1993 sales should exceed $35,000,000 with net income before taxes of $600,000.
 EEQC had 6,761,500 shares outstanding prior to the Southwest acquisition which required an additional 500,000 of newly issued but authorized shares to increase total outstanding shares of 7,261,500.
 Southwest will operate as a wholly owned subsidiary of EEQC.
 EEQC is a publicly owned and traded company on the OTC Bulletin Board market.
 -0- 1/4/93
 /CONTACT: Neal Katz or Phill Scheldt of Entertainment Equity Corporation, 214-233-0900/


CO: Entertainment Equity Corporation; Southwest Memory, Inc. ST: Texas IN: CPR SU: TNM

AH -- NY067 -- 1400 01/04/93 15:46 EST
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:Jan 4, 1993
Words:189
Previous Article:SUFFOLK COUNTY $300 MILLION 2.7 PERCENT TAX ANTICIPATION NOTES 1993 RATED 'F-1+' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:BANKRUPTCY COURT APPROVES SALE OF MOST OF PETER J. SCHMITT'S OPERATING ASSETS
Topics:


Related Articles
AMERICAN SOUTHWEST MORTGAGE INVESTMENTS CORPORATION ACQUIRES ASSETS OF RESIDENTIAL MORTGAGE INVESTMENTS
MAESA PETROLEUM INC. CURRENTLY NEGOTIATING EXTENSION TO CLOSE ACQUISITION
SOUTHWEST SECURITIES GROUP FILES PUBLIC OFFERING, INCREASES QUARTERLY DIVIDEND
ENHANCED ELECTRONICS ACQUIRES ADVANCED PC CORPORATION
ENHANCED ELECTRONICS ANNOUNCES JAPANESE AFFILIATE
CURTIS MATHES HOLDING CORPORATION SELLS SOUTHWEST MEMORY SUBSIDIARY
Hollywood Theaters Announces Closing of Acquisition of Hollywood by Wallace Theater Corporation Sponsored by GTCR Golder Rauner and Expiration of...
PR Newswire Southwest Summary, Tuesday, May 25, to 12:00 EDT.
PR Newswire Southwest Summary, Thursday, Oct. 7, to 18:00 EDT.
PR Newswire Southwest Summary, Friday, June 15, to 1:00 p.m. EDT.

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