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Technology Stocks : Anacomp(ANCO) ready to rock

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To: Paul Lee who wrote ()1/27/1999 8:13:00 AM
From: Paul Lee   of 90
 
Anacomp and Eurologic Announce Worldwide Maintenance Services Agreement

SAN DIEGO, and BOXBOROUGH, Mass., Jan. 27 /PRNewswire/ -- Anacomp, Inc. (Nasdaq: ANCO), and Eurologic Systems today announced a worldwide service agreement in which Anacomp will provide maintenance and technical support for Eurologic's data storage systems.

Anacomp, a global leader in information management solutions and Eurologic, a worldwide developer and manufacturer of high performance data storage systems, have entered into the agreement for an initial period of one year. Anacomp will be providing technical support for all Voyager and XL Series high performance data storage solutions to Eurologic's global customer base.

"Through this agreement with Anacomp, Eurologic can offer customers service as reliable as our products," says John Maybury, Eurologic's chief executive officer. "Our customers are world-class OEMs involved in a range of applications' markets who demand state-of-the-art product and responsive service. Our partnership with Anacomp ensures full life-cycle customer satisfaction."

"The agreement with Eurologic contributes to the continued growth of our third-party maintenance business," said Jeff Cramer, Anacomp senior vice president and general manager of its Technical Services Group. "As we continue to expand the number and types of systems and equipment we service, we are positioned to leverage our worldwide infrastructure and partner with companies, like Eurologic, which benefit from Anacomp's broad base of expertise."

Anacomp's Field Services offers comprehensive technical support to customers in more than 50 countries. With more than 500 trained service representatives and spare part depots worldwide, Anacomp has the global reach and resources to service and maintain a wide range of products.

Serving thousands of clients around the world, Anacomp images more customer documents than anyone else in the world. The company is a leading provider of COM, CD, and on-line outsource services, digital and analog information-management systems, consulting services, and technical support. For more information, visit Anacomp's web site at www.anacomp.com.

Founded in 1988, Eurologic Systems is a world-wide developer and manufacturer of high availability, mission-critical data storage solutions. An ISO 9002 certified company, Eurologic has grown consistently, tripling its revenues since 1997, and it recently announced a $10 million private equity placement arranged by NationsBanc Montgomery Securities. Eurologic has developed close working relationships with strategic partners -- data storage component manufacturers such as IBM and Seagate Technologies which have helped to shape its own and its partners' future products. Seagate recently named Eurologic its 1998 OEM of the Year for Europe and Asia. Eurologic can be found on the World Wide Web at www.eurologic.com.
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