Printer Friendly

EQUITRAC CORPORATION ANNOUNCES ACQUISITION OF SYSTEMS AUDITING

 CORAL GABLES, Fla., Oct. 15 /PRNewswire/ -- Equitrac Corporation (NASDAQ: ETRC) today announced that it has acquired Systems Auditing, Inc.
 Systems Auditing distributes and services a line of automated photocopy and facsimile cost recovery control terminals. Systems Auditing has approximately 450 customers, located primarily in California and other areas of the northwestern United States. Systems Auditing's annual service and maintenance revenues under contract exceed $450,000.
 According to George Wilson, president and chief executive officer of Equitrac, the Systems Auditing acquisition will further enhance Equitrac's strong presence on the west coast of the United States and provide a base of customers that can potentially migrate to Equitrac's newer systems.
 Additionally, Wilson indicated that Equitrac will be able to benefit from operational efficiencies that will result from the combination of the company's existing operations with those of Systems Auditing.
 Equitrac Corporation designs, develops, manufactures, markets and supports a fully integrated computer hardware and software communications network designed to automatically track, record and report usage of such items as photocopy and facsimile machines, laser printers, word processing terminals, telephones and postage meters. The company's product line allows users to bill incurred costs, maximize office equipment efficiency and contain overhead costs.
 -0- 10/15/93
 /CONTACT: Scott J. Modist, chief financial officer, Equitrac, 305-442-2060/
 (ETRC)


CO: Equitrac Corporation; Systems Auditing, Inc. ST: Florida, California IN: CPR SU: TNM

AW-PC -- FL009 -- 2761 10/15/93 12:49 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:Oct 15, 1993
Words:233
Previous Article:PROSOURCE DISTRIBUTION SERVICES CHOSEN BY NORTHEAST KFC FRANCHISEES
Next Article:FLORIDA'S LARGEST CELEBRITY AUCTION
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters