Digital Landscape (LSE:DLGI)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Digital Landscape Charts. Click Here for more Digital Landscape Charts.](/p.php?pid=staticchart&s=L%5EDLGI&p=8&t=15)
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/