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June 24, 1996
ESCOM AG Finalizes Agreement
to Sell Amiga Technologies GmbH To VIScorp
ESCOM AG and Visual Information Service Corp. (NASDAQ: VICP,
Bulletin Board) announced they have now signed the final agreement
about the acquisition of Amiga Technologies GmbH by VIScorp, subject
to approval by their boards. According to the agreement, the entire
staff and property of ESCOM subsidiary Amiga Technologies GmbH will
pass into the possession of VIScorp. This includes all existing
components and finished goods inventory of Amiga and the
intellectual properties of the former Commodore group, excepted
Commodore trademarks. The purchase price is approximately US $40
million in stock and cash.
VIScorp's products, the Universal Internet-Television Interface(R)
(UITI(R)), the Electronic Device(R) (ED(R)), the UITI(R)-TV and the
ED(R)-TV (smart television set systems), are powered by Amiga custom
chip-sets and the Amiga operating system, and offer a means by which
TV viewers can bridge the separate worlds of television, computing
VIScorp states that Amiga Technologies GmbH will continue to
coordinate the production and distribution of Amiga computers at its
headquarters in Bensheim, Germany.
Additional information on VIScorp and its technologies is available
through its Web site at www.vistv.com. If you have important
comments regarding the above statement, please send us email, using
a subject line of "We Value Amiga".
Your mail will be read carefully, but please realize that we cannot
directly respond to all mail. E-mail should be directed to
Product names mentioned herein may be trademarks and/or registered
trademarks of their respective companies.