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Houston,
TX, April 24, 2007
–
Sigma Holdings, Inc announced
today that it has completed
the acquisition of MBtech Systems,
Inc. MBtech manufactures and
distributes point-of-information
devices to the retail industry.
Sigma
is a private equity group founded
by its executive Chairman Mr.
Norman J. McCallum and has assets
over $10 billion. Sigma’s
holdings are diverse and well
balanced with particular focus
on the acquisition of companies
and real estate with sound underlying
economics with a clear return
strategy. The acquisition of
MBtech is strategic and complementary
of Sigma’s technology
investment strategy.
“We
are excited about our new relationship
with Sigma”, said Buddy
Tanner, MBtech’s President
and COO. “It gives us
the necessary growth capital
and economies of scale that
we need to become an industry
leader in mid- market point-of-information
terminals. We can also increase
our reach to the medical point-of-care
market. In addition, we can
integrate other technologies
in the Sigma family to diversify
our product range and offerings”.
Norman J. McCallum, Sigma founder
and Chairman commented on the
acquisition saying, “MBtech
is a strategic acquisition for
us and complements our technology
vision in this and other markets.
We are delighted with the acquisition
and welcome MBtech to the Sigma
family. MBtech has great products,
key clients and a sound business
model. We look forward to great
success with this management
team”.
ABOUT
MBTECH SYSTEMS, INC –
MBtech Systems, Inc is a point-of-information
manufacturing and product development
company with solutions for the
retail and medical industries.
The company distributes it’s
products through a network of
strategic
partners and resellers across
North America. MBtech Systems
was founded in 2003 and gained
significant market presence
with the launch of the “ShopperScan”
product family last year. Currently,
the company conducts operations
from facilities in Cullman,
Alabama and Asheville, North
Carolina.
ABOUT
SIGMA GROUP OF COMPANIES
– Sigma is a private equity
group with several divisions
ranging from real estate to
petroleum. Sigma has offices
in Houston, Atlanta, Los Angeles
and its international officers
are based in Zug, Switzerland.
For more information visit www.sigmagroup.biz.
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