Alpnet, Inc. announced that it has signed a Letter of Intent with EP Electronic Publishing Partners GmbH in Nuremberg, Germany, which is expected to result in the acquisition of all shares of EP Electronic Publishing Partners by Alpnet before the end of May 1999. Completion of the transaction is subject to due diligence and the execution of a definitive acquisition agreement. EP designs and develops custom-built systems for document, information and translation management. During the past three years, EP has developed and implemented a sophisticated translation management system for a large European institution, providing a unified translation management tool for more than 2000 users. EP was created in 1993 and was formerly the research division of TA Triumph Adler. The company employs 15 people who are active in system integration and consulting projects for German publishing companies. EP also has ongoing projects for a large European institution developing and maintaining translation and information management systems. EP currently projects 1999 revenues, prior to being acquired by Alpnet, to be approximately $1.3 million with profitable operations. www.alpnet.com

Share