ESCOM AG sells Amiga Technologies GmbH to VIScorp
From the Amiga Technologoies web site at http://www.amiga.de/
Bochum/Heppenheim/Chicago, June 21, 1996.
ESCOM AG and Visual Information Service Corp. (VIScorp- Nasdaq: VICP), have now signed the final agreement about the acquisition of Amiga Technologies GmbH by VIScorp, subject to approval by their boards. According to the agreement, the entire staff and property of ESCOM subsidiary Amiga Technologies GmbH will pass into the possession of VIScorp. This includes all existing components and finished goods in inventory of Amiga and the intellectual properties of the former Commodore group, except Commodore trademarks. The purchase price is approximately US $40 million in stock and cash.
VIScorp's products, the Universal Internet Television Interface (UITI), the Electronic Device (ED), the UITI-TV and the ED-TV (smart television systems), are powered by Amiga custom chip-sets and the Amiga operating system and offer a means by which TV viewers can bridge the separate worlds of the television, computing and tele- communications.
Amiga Technologies GmbH will continue to coordinate the production and distribution of Amiga computers at its headquaters in Bensheim, Germany.
Additional information on VIScorp and its technologies are available through its Web site at http://www.vistv.com/.
For further information:
ESCOM AG, Dr. Bernd Wirsing, Tel.: +49-6252-709-193
Amiga Technologies GmbH, Petro Tyschtschenko, Tel.: +49-6251-802-110
VIScorp, Florine Radulovic, Tel.: +1-312655-0903
Thanks to Christoph Gülicher, for supplying this press release.