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Technology Stocks : TeraGLOBAL Communications Corp. (TGCC) -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (81)	11/2/1998 10:45:00 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 235

TeraGlobal Acquires Design Analysis Associates, Inc. NASDBB- “TGCC” TeraGlobal extends its ability to design and implement cutting edge multimedia technology. SAN DIEGO, Calif.- - November 2, 1998 - - TeraGlobal Communications Corp. today announced it has acquired privately-held Design Analysis Associates, Inc. of Logan, Utah. Design Analysis is a leading provider of design, engineering and manufacturing services to the electronics industry with existing clients and revenue. Under the terms of the acquisition between 1.1 and 1.5 million shares of TeraGlobal common stock (subject to certain adjustments) will be exchanged for all the outstanding shares of Design Analysis. TeraGlobal gains design and implementation capability from the drawing board to production. Design Analysis brings focused expertise in areas ranging from Digital Signal Processing, Video Compression, Digital Video, Fiber Optics, Video Processing and Networks. In addition, their fabrication capabilities provide prototype production to pilot or full-scale production. With over 190 projects completed for numerous blue chip technology companies Design Analysis has proven capabilities in structured analysis, design and patent procurement in some cases. This merger will furnish TeraGlobal with the ability to keep all short-run hardware production in-house. “Design Analysis gives TeraGlobal unprecedented engineering talent facilitating our ability to design and manufacture technology from the ground up” says Paul Cox, President of TeraGlobal. “We are excited about our opportunity to contribute to TeraGlobal's communication solution”, says Bill Fletcher, President and CEO of Design Analysis. TeraGlobal has been working on development projects with Design Analysis over the past 2 years. The 28 employees will continue to work in Logan, Utah where Bill Fletcher will direct the hardware engineering for TeraGlobal. About TeraGlobal Communications, Corp. TeraGlobal Communications, Corp. (TGCC) (www.teraglobal.com) is a communications technology company with existing products and products under development to fulfill wide market needs. The company is currently introducing a group of communications technology products and services that combine the functionality of current audio and video conferencing, facsimile, satellite, desktop computing, data networking, and Internet technologies into a single managed fixed cost solution. TGCC's flagship product, TeraCom, includes the hardware, software, connectivity, network, and advanced compression technology necessary to deliver real time, point-to-multi-point interactive multimedia communications solutions. About Design Analysis Associates, Inc. Design Analysis Associates, Inc. was founded in 1972 on the strength of Bill Fletcher's reputation from his engineering textbook, still in circulation today, titled “Engineering Approach to Digital Systems Design”. The strength of Design Analysis is providing design and engineering services to the electronic industry with existing sales of $3.1 million for the first three quarters of 1998. Some previous and current clients of Design Analysis include Digital Equipment Corp, IBM, Scientific Atlanta, Siemens, Siemens Nixdorf, Philips, Apollo, L-3 Communications, National Semiconductor, Hewlett Packard and Unisys. ON BEHALF OF THE BOARD OF DIRECTORS Paul Cox President For further information contact: Darren Seed Telephone: 604.806.0200 E-Mail dseed@teraglobal.com Facsimile: 604.806.0201 Susan Wilson Telephone: 619.231.0555 x118 Facsimile: 619.232-9454 E-Mail swilson@teraglobal.com