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Non-Tech : RCM Technologies - RCMT

RCMT 23.10

-0.7%

Oct 31 9:30 AM EST

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To: Kevin Grossberndt who wrote (4)	9/11/1996 12:41:00 PM
From: Kevin Grossberndt	of 79

PENNSAUKEN, N.J., Sept. 11 /PRNewswire/ -- RCM Technologies, Inc. Nasdaq: RCMT) announced today that it has signed a letter of intent to acquire Programming Alternatives of Minnesota, Inc. ("PAMI"). PAMI is a specialty provider of information technology consultants, particularly those with high demand client-server skills. PAMI serves large corporate clients in the greater Minneapolis-St. Paul area. Based upon current monthly revenue figures provided by management of PAMI, the current annualized revenue of PAMI is approximately $9.4 million, a substantial increase over 1995 sales. This transaction, which is subject to satisfactory completion of due diligence, execution of a definitive acquisition agreement and the satisfaction of certain other conditions to closing, is expected to close within 30 days. Terms of the proposed transaction have not been disclosed.

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