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DLGI Digital Landscape Group Inc.

8.335
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Digital Landscape Group Inc. LSE:DLGI London Ordinary Share VGG2761A1057 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.335 7.95 8.72 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

DataLogic International Updates Progress on Acquisition of IS Solutions, LLC

02/11/2004 7:49pm

PR Newswire (US)


Digital Landscape (LSE:DLGI)
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DataLogic International Updates Progress on Acquisition of IS Solutions, LLC IRVINE, Calif., Nov. 2 /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 provides investors an update on its progress of acquiring of the assets of IS Solutions, LLC, a New Mexico-based privately held provider of computing solutions for business and government. Since the letter of intent to acquire the assets of IS Solutions was signed in late September 2004, DataLogic has been conducting due diligence on the company with satisfactory results to date. DataLogic's auditor is soon to undertake a review and audit of IS Solutions' financial results. Pending satisfactory results of this audit and satisfactory completion of all other conditions required by the acquisition agreement, the acquisition is expected to close no later than December 15, 2004. DataLogic's and IS Solutions' management teams continue to work together to market and sell Panther Trak(TM), DataLogic's GPS product, to New Mexico public safety and other governmental agencies. DataLogic expects IS Solutions to add $4.5 million of sales, on a pro-forma basis, in 2004 and approximately $5 million in 2005. About IS Solutions, LLC 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' clients include the New Mexico state government and a number of its agencies. The company has a focus on public safety is one of seven computer sales companies approved to work with these government agencies. For more information, please visit IS Solutions' web site at http://www.siincnm.com/. 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 clients 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 at 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. Contact Information: Donna Dolan Investor Relations 949-260-0120 ext 204 DATASOURCE: DataLogic International, Inc. CONTACT: investor relations, Donna Dolan of DataLogic International, Inc., +1-949-260-0120, ext 204, Web site: http://www.siincnm.com/ Web site: http://www.dlgi.com/

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