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Technology Stocks : Intek (IDCC)`

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To: Robin Vo who wrote (1)6/11/1996 8:56:00 PM
From:    of 120
 
Hi Robin:
Intek (IDCC) is based in Los Angeles.Here is some news release that I found:

"U.S.A.,Canada and England-March 8,1996--In a joint statement, Intek
Diversified Corporation ("Intek") of Los Angeles,California and Simmonds Capital Limited ("SCL") of Toronto, Canada and Securicor Group plc ("Securicor") of Surrey, England today announced that they have signed a Letter of Intent to combine Intek's Roamer One air time services businesses with the US Land mobile radio business of Midland International Corporation ("Midland"), a wholly owned subsidiary of SCL, and the narrowband wireless technology and manufacturing operations of Securicor Radiocoms Limited ("SRL"), a wholly owned subsidiary of Securicor. As a result of the proposed transaction, Intek will become an intergrated wireless company providing air time services, product distribution and manufacturing for the wireless Land Mobile Radio market."

Intek Diversified Corporation is a publicly traded company on the NASDAQ small cap exchange. By the way, I read on America Online, "Market News" that the three-way merger has been established.
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