ALPNET, Inc. announced that it has signed a Letter of Intent with Stork N.V. in the Netherlands, which is expected to lead to the acquisition of Stork’s $7 million Stork TPS business unit before the end of May 1999. Completion of the transaction is subject to due diligence, board approval, and the execution of a definitive acquisition agreement. Stork TPS is a business active in industrial information consulting and translation services. Stork TPS also provides high-end SGML publishing solutions to international corporations like Volvo, Daf Trucks, Philips Medical Systems, and Eurocopter. The purchase price will be paid in shares of ALPNET common stock. In 1998, Stork TPS was profitable and the acquisition is expected to be accretive for ALPNET. www.alpnet.com
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