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Archer Systems Ltd (fka ARYN)

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Last Post: 12/24/2001 5:42:55 PM - Followers: 5 - Board type: Free - Posts Today: 0

Archer Acquires Ocumed Group, Inc. THURSDAY, AUGUST 16, 2001 11:48 AM - BusinessWire Archer Acquires Ocumed Group, Inc. ROSELAND, N.J., Aug 16, 2001 (BUSINESS WIRE) -- Archer Systems Limited Inc today announced that it had acquired 100% of the capital stock of Ocumed Group, Inc. Based in Roseland, Ocumed is a privately held, specialty pharmaceutical company which has been manufacturing and distributing sterile ophthalmic solutions and related products since 1986. The acquisition involves an exchange of a combination of shares of Archer's restricted common stock and subordinated promissory notes for all Ocumed's outstanding common stock. Ocumed Group Inc. will operate as a wholly-owned subsidiary of Archer. Ocumed's management team, headed by Alfred R. Caggia, its Chairman and CEO and Paul G. Filipek, Ocumed's Treasurer and CFO were named as President and CEO and Secretary/Treasurer and CFO of Archer respectively. They have assumed operating and financial control of Archer. Ocumed produces and sells a broad range of ophthalmic products for both the prescription ("Rx") and over-the-counter (OTC) pharmaceutical markets. These products support lens care and eye care as well as diagnostic, surgical and therapeutic ophthalmic applications. Ocumed's manufacturing and distribution facilities consist of over 35,000 sq. ft. of sterile manufacturing and laboratory operations in Roseland and Sarasota, FL., together with 10,000 sq. ft. of warehousing and administrative offices including decentralized packaging and distribution facilities located throughout the United States and Canada. Ocumed recorded sales of $5.6 million as reported in its 2000 year-end audited statements, reflecting an increase over previous year's results of $4.5 million in sales. Ocumed markets and distributes its branded product lines nationally through major drug chains, wholesalers, hospitals, surgi-centers and related buying groups as well as internationally to selective markets. Ocumed's products are focused on a group of patented and proprietary drug delivery systems for applications in surgery, diagnostics, therapy, and lens care in the ophthalmic field. These product lines include; OPHTHA-DOSE P.F.(TM) a preservative free unit of use dispenser for eye drops, OCUREST(TM), a patented multi-dose dispenser for prescription (Rx) and over-the-counter (OTC) ophthalmic applications, and MINI-MED(TM), a controlled dispenser system for delivering highly accurate quantities of drugs. According to Archer's new management team, "This acquisition is the first and most important step in our business strategy to grow the company and increase shareholder value. This new corporate structure offers Ocumed a powerful currency that enables us to expand an already established business. We expect, as a public company, to have better access to the capital markets. In addition, Ocumed has identified and targeted several business opportunities that we can now incorporate into our over all expansion and acquisition strategy and further accelerate the growth and value of our company," SAFE HARBOR This release may contain forward-looking statements or inferences that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of l995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecast results. A number of factors, including availability of sufficient capital, inflation, demand for ophthalmic products, interest rates and absence of labor disputes could adversely affect the Company's ability to obtain these results. Certain of these risks may be described in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies of the Company's SEC filings are available from the SEC or may be obtained upon request from the Company. The Company does not undertake any obligation to update the information contained herein which speaks only as of this date. Copyright (C) 2001 Business Wire. All rights reserved. http://www.aryn.com http://www.arcusnet.com http://www.superwire.com ??? NEW BALL GAME BOYS....
#146   Rick, Thanks for inviting me over to IHUB. 2easy 12/24/01 05:42:55 PM
#145   WE MAY GO UP SOON!!! smpathy4dadevil 11/20/01 07:13:15 PM
#144   Lets go ARYN!!!! smpathy4dadevil 11/13/01 04:55:31 PM
#132   GOOD OLD ARHCER...WE NEED SOME GOOD PRESS!!! smpathy4dadevil 05/29/01 07:28:40 PM
#131   Hello papa......How the heck you been man???? I Capt_Nemo 05/29/01 10:27:35 AM
#130   Serpico, if anyone can pull this off it's Ruellit 05/28/01 05:04:18 PM
#129   RICK & SMP~It's Deja Vu All Over Again... papaH 05/28/01 01:51:07 PM
#128   hope your right muel, hope your right serpico 05/28/01 11:30:14 AM
#127   My last post wasn't too clear so here's Ruellit 05/22/01 01:02:13 PM
#126   Sym, take a look, maybe were not dead yet! Ruellit 05/22/01 10:01:08 AM
#122   I will take your word for it, and Ruellit 04/23/01 08:45:32 PM
#121   Well, that was it...lol...some big story teller I Archangel 04/23/01 08:42:26 PM
#120   No Arch you haven't, but I'd love to Ruellit 04/23/01 08:39:20 PM
#119   Muel, did I ever tell you my LOCH Archangel 04/23/01 08:30:43 PM
#117   Now here's some bad news! Ruellit 04/19/01 08:54:03 PM
#116   Dimgroup's five most viewed OTC-BB Profiles for the week: Ruellit 04/19/01 04:36:14 PM
#115   ARYN is coming back, BIG TIME! Ruellit 04/19/01 10:54:47 AM
#114   Peter Rona has taken over for ARYN, the Ruellit 04/12/01 09:19:20 AM
#113   MarketMaker Games Explained here! Ruellit 03/28/01 11:26:49 PM
#112   Latest ARYN news: Archangel 03/26/01 07:58:45 AM
#111   Market bottom getting closer! Hopefully! Ruellit 03/25/01 11:50:56 AM
#110   ARYN Insiders are buying! Ruellit 03/08/01 11:21:43 AM
#109   ARYN is about to explode, I cut this Ruellit 03/08/01 10:53:37 AM
#108   Hey Sym, Ruellit 03/08/01 12:25:48 AM
#107   I HOPE THIS COMPANY PULLS TOGETHER SOON, OR smpathy4dadevil 03/08/01 12:15:14 AM
#106   ARYN getting some big buys done! Ruellit 03/07/01 03:40:44 PM
#105   yeah Serpico, todays action didn't look to promising though! Ruellit 02/28/01 10:12:57 PM
#104   that was certainlly good mulehead. i hope we serpico 02/28/01 10:03:24 PM
#103   I talked to ARYN today, they are updating smpathy4dadevil 02/27/01 04:18:31 PM
#102   Way to go muel,,glad to hear it rick...... smpathy4dadevil 02/27/01 04:16:28 PM
#101   Serpico try this, you have to enter ARYN Ruellit 02/26/01 08:20:37 PM
#100   we can sure use some newssoon muel serpico 02/26/01 10:43:08 AM
#99   Ruellit 02/25/01 11:46:45 PM
#98   Glad to see you made it Rick, you'll Ruellit 02/25/01 11:46:35 PM
#97   Hello sym..Muel invited me over here.I like the Capt_Nemo 02/25/01 07:25:54 PM
#96   A good time for Nasdaq investors to do smpathy4dadevil 02/25/01 02:02:13 PM
#95   There's news out today for Statrigenet, here it is. Ruellit 02/13/01 11:46:03 AM
#94   muel, anymore word on when news may hit, serpico 02/13/01 11:41:38 AM
#93   muel, it sure is behavin like something is serpico 02/12/01 01:34:34 PM
#92   Morning Serpico, Ruellit 02/10/01 12:17:06 PM
#91   timing could not be better, bought a bunch serpico 02/10/01 10:38:54 AM
#90   Couldn't agree with you more Sympathy, it's all Ruellit 02/08/01 02:58:05 PM
#89   Stay strong this baby will fly soon$$$ smpathy4dadevil 02/08/01 01:38:24 PM
#88   Something odd about this stock,just tanked down to alexed 02/08/01 12:40:01 PM
#87   Thanx for the info Sympathy, now that you've Ruellit 02/06/01 06:25:33 PM
#86   Muel by law they are not allowed to smpathy4dadevil 02/06/01 04:05:59 PM
#85   ARYN Update / Not good news! Ruellit 02/06/01 11:04:49 AM
#84   Cut this off the RB board, this is Ruellit 02/05/01 11:07:38 PM
#83   Thank you Muelhaed, may tuck these ARYN shares serpico 02/04/01 07:23:35 PM
#82   Send $2500.00 to 1227 S. Main Ottawa, Ks. Ruellit 02/04/01 01:33:56 PM
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