Printer Friendly

INTERACTIVE ESTABLISHES SYSTEMS DIVISION

 HUMBOLDT, S.D., Oct. 1 /PRNewswire/ -- InterActive Inc. (NASDAQ: IACTU), announced today that it is establishing a systems division to integrate the company's personal computer communications software and hardware peripherals into turnkey computer telephone integrated (CTI) systems.
 InterActive also announced today that it has signed a letter of intent to acquire Powerhouse Computers, a privately-held company located in Sioux Falls, S.D., that builds personal computer-based hardware and software systems. As part of this proposed transaction, Jim Cink, the chief executive officer and principle shareholder of Powerhouse Computers, would become the president of InterActive's newly formed systems division. The acquisition is subject to a number of conditions, including execution of a definitive purchase and sale agreement, approval of the board of directors and shareholders of Powerhouse Computers, and approval of the company's board of directors.
 "I am delighted to be teaming up with Jim and his company to combine our software and hardware with his leading edge computer systems to address the rapidly emerging CTI market," said Gary Kappenman, InterActive's president and chief executive officer. "Mr. Cink's 12 years of experience in delivering high-quality, competitively priced personal computer systems will be extremely valuable in rapidly penetrating this new explosive growth market," Kappenman explained.
 InterActive designs, manufactures and markets personal computer based multimedia products for business communications. InterActive's corporate headquarters are located at 204 North Main, Humboldt, SD 57035. The telephone numbers are 605-363-5117 and 800-292-2112. InterActive's Advanced Technology Center is located in the Carlsbad Research Center at 5964 La Place Court, Suite 100, Carlsbad, CA 92008. The telephone number is 619-560-8525.
 -0- 10/01/93
 /CONTACT: Steve Eisner or Devon Blaine, The Blaine Group, 213-938-2577/
 (IACTU)


CO: InterActive Inc., Powerhouse Computers ST: South Dakota, California IN: CPR SU:

NY-MF -- LA006 -- 7673 10/01/93 09:30 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 1, 1993
Words:297
Previous Article:COMERICA ESTABLISHES COMMUNITY DEVELOPMENT CORPORATION
Next Article:FAA APPROVES BRS PARACHUTE SYSTEM THAT 'SAVES' THE WHOLE AIRCRAFT
Topics:

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