Bochum/Heppenheim/Chicago June 24, 1996
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 and telecommunications.
VIScorp states that Amiga Technologies GmbH will continue to coordinate the production and distribution of Amiga computers at its headquarters in Bensheim, Germany.
Contact: Jason Compton,
Communications Manager, Amiga Inquiries