NATIONAL TECHTEAM, INC. ANNOUNCES COMPLETION OF ACQUISITION OF MICRO SYSTEMS GROUP, INC.
DEARBORN, Mich., Oct. 7 /PRNewswire/ -- National TechTeam (NASDAQ: TEAM) today announced that it has completed the acquisition of Micro Systems Group of Chicago through a stock for stock exchange. In making the announcement, TechTeam CEO William F. Coyro Jr. said, "The acquisition of Micro Systems Group will strengthen our company's management team, provide National TechTeam with a strong presence in the Chicago marketplace, and will also help TechTeam expand its operations nationally. Micro Systems Group has a considerable amount of expertise in Unix, networking services and advanced technical solutions. The addition of Micro Systems Group is expected to increase TechTeam's revenues and earnings during 1994." Micro Systems Group is a computer services company that provides computer hardware, software, networking and consulting services to over 300 customers in the Midwest. The company was privately held and located in Hoffman Estates, Ill., a Chicago suburb. Micro Systems Group had been in business since 1985 and had sales of $3.4 million for 1992. National TechTeam, Inc. is headquartered in Dearborn, and has been a public company since 1987. The company provides quality computer training, support, networking services, consulting, contract staffing, and corporate management services for major companies on an international scale. National TechTeam is traded on NASDAQ under the symbol "TEAM." -0- 10/7/93 /CONTACT: William F. Coyro Jr., chief executive officer of National TechTeam, Inc., 313-277-2277; or Kenneth N. Heim, president of Micro Systems Group, Inc., 708-882-5666/ (TEAM)
CO: National TechTeam, Inc.; Micro Systems Group, Inc. ST: Michigan, Illinois IN: CPR SU: TNM
JG -- DE006 -- 9653 10/07/93 09:39 EDT
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|Date:||Oct 7, 1993|
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