American Access Technologies Inc. of suburban Lake Mary, FL and DataWorld Solutions Inc. of Farmingdale, NY expect to grow their telecom supply markets more efficiently, especially from the manufacturing and distribution side, according to a prepared statement from American Access.
The merger would give DataWorld shareholders one share of American Access stock for four shares of DataWorld stock. A new company name is being worked out. American Access, headed by CEO John Presley, posted sales of $5.3 million and income of $2 million in 2000.
The 100-person staff at American Access makes cable cabinets or zone-cabling boxes used in office buildings to save space and reduce costs. DataWorld's 85-person work force manufactures electronic cable assemblies.
The merged firm would continue to operate manufacturing plants on Long Island, NY; Keystone Heights, FL; and San Jose, CA. The new company will have sales divisions in Florida, New York, Massachusetts and California.
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