To: jean1057 who wrote (216 ) 5/21/1998 10:16:00 AM From: Pirate Respond to of 549
>>> (NASDAQ:UVEW) . * UNIVIEW TECHNOLOGIES CORP. TO ACQUIRE VIDEOMANAGEMENT, INC.; UNIVIEW ADDS CONSULTING AND INTEGRATION CAPABILITIESTO END-TO-END SET TOP BOX SOLUTION [BusinessWire, 727 words] (NASDAQ:UVEW) Quote.Com news item #6532881 =========================================================================== *UNIVIEW TECHNOLOGIES CORP. TO ACQUIRE VIDEOMANAGEMENT, INC.; UNIVIEW ADDS CONSULTING AND INTEGRATION CAPABILITIESTO END-TO-END SET TOP BOX SOLUTION [BusinessWire,727 words] DALLAS--(BUSINESS WIRE)--May 20, 1998--uniView Technologies Corp. (NASDAQ:UVEW) has signed an agreement to acquire Dallas-based Video Management, Inc. (VMI), and its wholly owned subsidiaries, an innovator in network integration, technical support and consulting. The acquisition, to be completed before June 15, will be a stock for stock transaction. This new addition supports uniView Technologies' strategic business plan to deliver interactive solutions to niche businesses through a variety of platforms, including the integration of networks. "VMI brings a valuable addition to our networking and consulting expertise, as well as strong existing revenue stream," said Patrick A. Custer, president and CEO of uniView Technologies. "The acquisition of VMI allows us to meet the growing demand for interactive solutions in an enterprise environment. It also provides us with a direct, seamless link to VMI's established relationships with customers who demand interactivity across their network." VMI has offices in four Southwestern cities. With the acquisition, uniView also will be able to utilize VMI's consulting and network expertise to integrate set top box solutions into the existing enterprise network. VMI has more than a decade of proven expertise in consulting companies on their network needs and the system elements that will best fit the requirements. The combination of VMI's proven track record of quality, affordability and consulting talents enables uniView to add another capability to its set top system solution. "We look forward to combining our networking and consulting expertise with uniView Technologies," said Michael J. Petrone, director of development for VMI. "Our combined synergies will serve to extend our reach into supporting the enterprise needs in both existing PC and convergence markets." VMI evaluates, integrates and supports hundreds of industry-leading networking products. As a result, only the most reliable, high-quality and compatible hardware and software is utilized to meet the needs of the customer. Through its strategic relationships and superior performance with industry's leading hardware and software vendors, VMI continues to be recognized as an authorized partner by companies such as Novell, Compaq, Hewlett-Packard, Microsoft and others. In the past 12 years, the company has served more than 500 U.S. businesses. VMI is a consultant, network integrator and hardware reseller which supports mid- to large-size businesses, including Conoco and J.B. Hunt Trucking. Dallas-based uniView Technologies Corp. develops and implements innovative hardware and network technologies and solutions to license for a variety of niche set top box applications including home healthcare, education, banking, hotel, home office, and consumer electronics. As an electronics engineering design and marketing company, uniView Technologies has established an advanced standard for connectivity to Internet appliances and is adopting leading technology from Lucent Technologies, Motorola, Cisco Systems, Inc. and Sun Microsystems, Inc. It also has developed proprietary software enabling access to the unique features of the uniView product. The company specializes in advanced television solutions and other new interactive and connectivity technologies, as well. For more information, visit the company's Web site at www.uniview.net. NOTICE: Some of this information may contain "Forward-Looking Statements" which are company plans, projections and uncertainties. For a discussion of risk factors associated with some of these plans and projections, please refer to the company's SEC filings, which contain additional discussion about those factors which could cause actual results to differ from management's expectations.