DataLogic International Signs Letter of Intent to Acquire IS Solutions, LLC
- Acquisition Expected to Be Accretive to Earnings -
IRVINE, Calif., Sept. 28 -- 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 www.dlgi.com.
For further information, please contact: Donna Dolan, Investor Relations of DataLogic International, Inc., +1-949-260-0120, ext. 204, ir@dlgi.com.