TeleVideo Invests in Alpha Technology, Inc.
5 September 2000
TeleVideo Invests in Alpha Technology, Inc.
SAN JOSE, Calif.--Sept. 5, 2000--TeleVideo, Inc. (OTCBB:TELV) announced that the company has made an equity investment in Alpha Technology, Inc.Alpha specializes in the manufacturing of two-way interactive communication and automobile security systems. As a result of a cash investment, TeleVideo currently owns 49% percent interest in the privately held company.
"The investment in this company demonstrates our commitment to the mobile electronics business to help us continue our growth in fiscal year 2000 and beyond," stated Dr. Philip Hwang, TeleVideo Chairman and CEO. "Using their exclusive technology, Alpha Technology offers an exciting, new way to bring automobile security to lives of people everyday."