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Augi sold National O'Ring and Stillman Seal subsidiary for 24.5 mil on 1-19-96. Purchased software developer Connectsoft, Inc. (founded by Mitchell London, formerly of MFST) on 5-6-96. Connectsoft developes an integrated array of applications software, and offers dial-up and high- band-width internet access services, along with award winning e-mail software. Augi owns 56% of Western Power & Equipment Corp.(WPEC). Leading distributor of Case Corporation and other const. and industrial equip. Augi has 23 mil in cash and will be looking to acquire companies with the potential for strong upside growth nearterm. Only 5.6 mil shares outstanding. 3rd qtr ended 4-30-96. More info contact Damon Testaverde (718)317-7746 | ||||||||||||||
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