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ENVIRONMENTAL AUDIT AND VISTA ENVIRONMENTAL INFORMATION JOIN FORCES

 ENVIRONMENTAL AUDIT AND VISTA ENVIRONMENTAL INFORMATION JOIN FORCES
 SAN DIEGO, March 3 /PRNewswire/ -- Two information industry leaders have announced that they will join forces.
 Exton, Pa.-based Environmental Audit Inc. (EAI) and San Diego-based VISTA Environmental Information Inc. today formally announced that the companies will merge.
 Vista's chairman Tom Gay, will be president and chief executive officer of the merged company while Martin Kahn, current chairman of EAI, will be chairman.
 The merged company will be known as VISTA Environmental Information and will be headquartered in San Diego.
 The merger is expected to be complete in early April.
 EAI was the first company to develop an environmental database of federal and state agency records for the entire United States. The company generates due diligence reports which are used to identify environmental hazards in real estate, business acquisitions and financial transactions.
 In 1989 VISTA also introduced a national database of environmental information and has brought technology to this high growth industry through artificial intelligence, electronic delivery systems and geographic information systems.
 VISTA developed the first computer generated map products for environmental risk analysis. VISTA also was the first to provide instant access to environmental information through CompuServe's on-line system and later through Mead Data Central's Lexis/Nexis system.
 "With the merging of the two most prominent environmental information companies, we will bring the best of information technology and environmental information products to the market," said Tom Gay.
 "We'll leverage our investments in customer service organizations, our national client base and ongoing development programs. We will be able to better serve the combined customer base of environmental engineers, banks, law firms and major U.S. corporations and provide a more comprehensive family of products using the technology, experiences and information that the two companies bring together.
 "Both companies have invested substantial resources in computer mapping systems for environmental risks and will jointly announce the availability of a national mapping service on the date of the merger. We will also be announcing additional product enhancements and new products throughout the year, said Gay."
 VISTA has strategic relationships with numerous trade associations, including the California Bankers Association, and has just finished a market test in conjunction with the major national trade association serving the financial service industry.
 EAI recently completed a strategic alliance with Prentice Hall Legal and Financial Services, an on-line provider of information services to the legal and corporate markets.
 Merger plans include an infusion of additional capital to finance the creation of new proprietary databases and the rollout of a nationwide marketing program beginning in the second quarter of 1992.
 -0- 3/3/92
 /CONTACT: Jerry Marani of VISTA Environmental Information, 800-733-7606 or James Mauch of Environmental Audit, 800-542-8348/ CO: VISTA Environmental Information Inc.; Environmental Audit Inc. ST: California, Pennsylvania IN: SU:


CH -- LA013 -- 4385 03/03/92 10:04 EST
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Publication:PR Newswire
Date:Mar 3, 1992
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