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OCS TECHNOLOGIES CORP. SIGNS SHARE PURCHASE AGREEMENT

 RICHMOND, British Columbia, May 5 /PRNewswire/ -- Further to OCS Technologies Corp.'s (Toronto, Vancouver: OCS) news release of Feb. 25, 1992: OCS announced today that the share purchase agreement relating to the acquisition of Atkisson and Associates Inc. of Bakersfield, Calif., has now been signed. Under the final terms of the agreement, OCS will acquire all of the shares of Atkisson and Associates Inc. for a purchase price of $2,500,000 US, payable $1,000,000 in cash and $500,000 in OCS shares at closing, $500,000 in cash 12 months from closing, and $500,000 in cash 24 months from closing. Closing is scheduled in the next few days. Atkisson and Associates is the largest supplier of integrated criminal justice systems in North America with five county installations. These systems link law enforcement agencies, the prosecutor's office, jails and court systems to better communicate timely information. Revenues for its latest fiscal year ending Sept. 30, 1992, were $4.8 million (CDN) and its backlog of signed contracts amounts to $13 million (CDN).
 With this acquisition, OCS can now offer customers the most comprehensive range of integrated Justice Information software solutions available today.
 -0- 5/5/93
 /CONTACT: Neil F. Hummel, director and secretary of OCS Technologies, 604-273-8045/
 (OCS.)


CO: OCS Technologies Corp. ST: British Columbia IN: CPR SU: TNM

JB-MS -- LA042 -- 5101 05/05/93 17:44 EDT
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Publication:PR Newswire
Date:May 5, 1993
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