Interactive MultiMedia Publishers signs letter of intent to
acquire International Satellite Communications
AKRON, Ohio--(BUSINESS WIRE)--Aug. 23, 1996--Interactive MultiMedia Publishers Inc.
(OTC Bulletin Board: DROM) announced today that the company has signed a letter of intent to
acquire Chicago-based International Satellite Communications Corp. ("InterSat") for an
undisclosed amount of stock.
This letter of intent is subject to shareholder approval by both companies.
Dr. P. Joseph Vertucci, president and chief executive officer of Interactive MultiMedia Publishers,
said InterSat had revenues of about $3 million in 1995, earned a profit, and will add about $2.5
million to his company's assets.
InterSat is a private satellite communications company offering highly compressed digitized voice,
data and graphics processing. The company serves customers in the U.S. and in 70 other countries
in Latin America, Europe and the Caribbean.
"InterSat's communications systems will be a great boost to the rollout of our information kiosk
network and will be an integral part in the future growth of the company," said Dr. Vertucci.
Interactive MultiMedia Publishers is a leader in interactive multimedia communications, involved in
several market niches that have significant growth potential, including content-driven applications
for consumer markets and corporate training, in addition to information kiosks.
The company's Internet address is apk.net, and it can also be reached
via E-Mail at imp@apk.net.
CONTACT: Martin E. Janis & Co. Inc., Chicago
Wayne Schumacher, 312/943-1100 |
