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STANDARD LOGIC SIGNS DEFINITIVE AGREEMENT TO ACQUIRE APPOINT INC.

STANDARD LOGIC SIGNS DEFINITIVE AGREEMENT TO ACQUIRE APPOINT INC.
 ANAHEIM, Calif., Feb. 26 /PRNewswire/ -- Wes Baumgardner, president, chairman of the board and chief executive officer of Standard Logic Inc. (NASDAQ: STDL) and Jack Barrett, president and chief executive officer of Appoint Inc., Paso Robles, Calif., announced today that the two companies have entered into a definitive merger agreement whereby Standard Logic will acquire Appoint.
 Appoint is a privately held designer and manufacturer of second- generation, high-dexterity, portable computer-input pointing devices.
 The merger agreement provides that a wholly owned subsidiary of Standard Logic will be merged with Appoint, which will thereby become a wholly owned subsidiary of Standard Logic. Under the terms of the merger, the holders of Appoint's common stock will receive a maximum total of 7,759,351 newly issued shares of Standard Logic's common stock in exchange for all of the outstanding shares of Appoint.
 After the merger, the former shareholders of Appoint will own approximately 44 percent of the outstanding common stock of Standard Logic.
 The merger is subject to the approval of the shareholders of Standard Logic and Appoint and other customary conditions. According to Baumgardner, the merger is expected to be completed in August 1992.
 Concurrently with the execution of the definitive merger agreement, Standard Logic loaned $438,000 in cash to Appoint. This loan increases to $1,263,000 the aggregate outstanding loans made by Standard Logic to Appoint since October 1991.
 Appoint products include the MousePen, a high-density mouse shaped and used like a pen; THUMBELINA, a hand-held portable trackball and F-13, a small OEM trackball that is approximately the size of a single keyboard key.
 Standard Logic has specialized in the development and sale of electronics products and services for more than 25 years.
 -0- 2/26/92
 /CONTACT: Wes Baumgardner, president and chairman of the board of Standard Logic, 714-632-9292; or Thomas O. Wick or William F. Coffin of The Financial Relations Board, 818-783-2400, for Standard Logic/
 (STDL) CO: Standard Logic Inc.; Appoint Inc. ST: California IN: CPR SU: TNM


JL-KJ -- LA008 -- 2698 02/26/92 10:00 EST
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Publication:PR Newswire
Date:Feb 26, 1992
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