Business Services Industry
Prologic Continues to Examine Strategic Business Opportunities
Business Wire, Dec 10, 1998
TUCSON, Ariz.--(BUSINESS WIRE)--Dec. 10, 1998--Prologic Management Systems Inc. (PRLO, PRLOW) announced today it continues to examine strategic business opportunities with the assistance of its financial advisor, Catalyst Financial.
Prologic's announcement came in response to a Dec. 8, 1998 public announcement by COX Technologies (OTC BB:COXT) that it is in negotiations to acquire Prologic. COX Technologies has tendered to Prologic an unsolicited, non-binding letter of intent to discuss a possible business combination with Prologic. Prologic is reviewing COX Technologies' proposal and intends also to review proposals of other third parties. At this time, Prologic is not a party to any agreement respecting a strategic transaction. Prologic continues to review its strategic options.
Prologic Management Systems (www.prologic.com) is a commercial systems integration firm with expertise in manufacturing, distribution, resource planning and tracking. Prologic offers national and regional systems integration expertise. Services include enterprise and work group design and optimization, relational database development, LAN/WAN and work group solutions, Internet/intranet design and connectivity, and graphic design services for the World Wide Web. Prologic provides a full range of hardware and commercial software offerings, with a focus on UNIX-based products as well as NT and legacy interoperability.
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