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DataLogic International Signs Letter of Intent to Acquire IS
Solutions, LLC
- Acquisition Expected to Be Accretive to Earnings -
IRVINE, Calif., Sept. 28 /PRNewswire-FirstCall/ -- DataLogic International,
Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) a
technology and professional services company providing a wide range of
consulting services and telecommunications products such as VoIP equipment and
GPS vehicle tracking devices, today announced its intention to acquire the
assets of IS Solutions, LLC, a New Mexico-based privately held provider of
computing solutions for business and government, subject to the satisfactory
completion of due diligence.
IS Solutions, LLC is a one-stop-shop computer services provider whose offerings
include hardware, software, networking, wireless communications, system
integration, technology training, maintenance, and service. Presently, IS
Solutions' customers include the New Mexico state government and a number of
its agencies. The company is one of only seven computer sales companies
approved to work with these government agencies. IS Solutions recently started
to focus more intently on the use of its computerized solutions in the public
safety/homeland security and communications arenas.
"We are pleased to add IS Solutions to our existing complement of proven
computer solutions," said Derek Nguyen, DataLogic's Chief Executive Officer.
"IS Solutions' product lines have applications across most of our customer base
and will further our strategy of offering cost effective and flexible
technology solutions. IS Solutions' experience in serving New Mexico state
agencies in public safety and education will bring a new dimension to
DataLogic's portfolio of products and we are very excited about the prospect of
being able to bring these offerings to a larger market. We expect that the
acquisition of IS Solutions will add approximately $5 million in revenue
annually to DataLogic's income statement, and that it will be accretive to
earnings."
Tony Grundler, Managing Member of IS Solutions, LLC commented, "I feel that
this acquisition will enhance the capabilities of both companies and will
enable IS Solutions to expand our current breadth of offerings in the public
safety arena to a much wider customer base. We are currently just in the State
of New Mexico and this merger will open many doors outside of our state. We are
all excited about the expanded capabilities we will have with DataLogic."
It is intended that the purchase of IS Solutions' assets will be effected with
an exchange of DataLogic's cash and stock.
About DataLogic International, Inc.
DataLogic International, Inc. is a technology and professional services company
providing a wide range of consulting services and telecommunications products
such as VoIP phones, videophones, communications servers and GPS vehicle
tracking devices. The company also provides Information Technology outsourcing
and consulting services. DataLogic's customers include U.S. and international
governmental agencies as well as a variety of international commercial
organizations. For more information, please visit DataLogic International's
web site http://www.dlgi.com/.
This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding, among other things, our plans,
strategies and prospects, both business and financial. Although we believe
that our plans, intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you that we will
achieve or realize these plans, intentions or expectations. Forward-looking
statements are inherently subject to risks, uncertainties and assumptions. Many
of the forward-looking statements contained in this news release may be
identified by the use of forward-looking words such as: believe, expect,
anticipate, should, planned, will, may, intend, estimated, and potential, among
others. Important factors that could cause actual results to differ materially
from the forward-looking statements we make in this news release include market
conditions and those set forth in reports or documents that we file from time
to time with the United States Securities and Exchange Commission. All
forward-looking statements attributable to DataLogic International or a person
acting on its behalf are expressly qualified in their entirety by this
cautionary language.
For further information, please contact: Donna Dolan, Investor Relations of
DataLogic International, Inc., +1-949-260-0120, ext. 204, .
DATASOURCE: DataLogic International, Inc.
CONTACT: Donna Dolan, Investor Relations of DataLogic International,
Inc., +1-949-260-0120, ext. 204,
Web site: http://www.dlgi.com/