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Biotech / Medical : Medical Technology Systems MSYS
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To: DJ Clancey who wrote (52)12/16/1997 11:42:00 AM
From: Dave B  Read Replies (1) of 139
 
Everybody-I have info to report**************
I called the LifeServ division today. I was able to talk to Rick Sullivan in Sales and he politely answered some questions concerning the LifeServ press releases.
1)The $1.2 million contract will consist of $850,000 in equipment posted next quarter(He said March-April), the remaining $350,000 will be in ongoing system software support spread out over the next 5 years.
2)The acquisition in progress of Peritronics- the management agreement expired Dec. 15th(yesterday) but was renewed for another 15 days while negotiations continue. He said everything is looking very positive for the completion of this deal. However, the shareholders of Peritronics do not meet until the first part of January, so there will not be anything to report until at least mid January. Sounded very optimistic that things are preceeding forward.
3) I asked him if there was anything else off the top of his head that he could tell me and.... he was able to tell me that they have two large sales pending-one in the Pacific NW and one in Louisiana(One of these is "quite" large) "If" they go through-the Louisiana sale will be late next quarter and the Pacific NW sale would be "earlier"

I tried not to pry too much info out of him because I wanted to respect the fact that he is limited in what he can tell me, and he was very friendly.

Can someone call MSYS to get an overall perspective of what may be going on with the whole Company, especially with regards to hiring a PR firm.

I hope this info was helpful to everyone....

Dave B
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