LOCH - AUSTIN, Texas--(BUSINESS WIRE)--Nov. 2, 1999--PMR, a Laguna
Hills, Calif., subsidiary newly acquired by Loch Harris Inc.
(OTCBB:LOCH), reported more than $900,000 in direct and indirect
booked sales in October, according to Loch Harris CFO Mark Baker.
"That amounts to 23 percent of the more than $3.9 million PMR
reported for their previous fiscal year," he said.
"This is an impressive affirmation of the synergy created by the
marriage of the publicly traded Loch Harris and the privately held
PMR," said Loch Harris CEO Rodney Boone, who engineered the
acquisition (see Aug. 3, 1999, release, "Loch Harris Acquires West
Coast-Based PMR, Marketers to the Semiconductor Industry").
Robin Gable, founder of PMR and key consultant for the new
subsidiary, said, "This kind of first-month performance validates the
wisdom of our decision to join Loch Harris."
"PMR, a manufacturers representative to the semiconductor
industry with an impressive list of clients, positions Loch Harris
with an important marketing arm at the time that it is developing its
VAMMP (Vacuum Multi-constituent Monitor for Plasma)," Boone said. He
believes VAMMP will mean millions in savings to semiconductor
manufacturers because of its real-time monitoring capability.
PMR will be renamed, according to Boone, and will operate under
the name ChemTech/PMR as a part of Chemical Detection Technology Inc.
(ChemTech), which is a subsidiary of Loch Harris. The VAMMP, a remote
sensing device created by Dr. Henry Blair, noted ChemTech physicist,
will use an ultra-violet application of the ELF, ChemTech's
x-ray-based landmine detector. |
