Rand Worldwide, Inc. (RWWI)

[ChangeDirector]

I created a new board for the new symbol RWWI not realizing this board was here. This has been trending well lately and got nice news today. Any preferences on whether to move the newly created Ibox into this board, change the symbol on this board and delete the new RWWI board, or just to switch over to the new RWWI board?

[db7]

bimmer, you're everywhere i go lately lol.. g/l

[B7$4]

AVSO News - Rand Worldwide, Inc. and Avatech Solutions, Inc. Merge Business Operations

http://www.financialpost.com/markets/news/Rand+Worldwide+Avatech+Solutions+Merge+Business+Operations/3409670/story.html

BusinessWire · Tuesday, Aug. 17, 2010
Rand Worldwide, Inc. (Framingham, MA), a global leader in providing technology solutions to organizations with engineering design and information technology requirements, and Avatech Solutions, Inc. (Owings Mills, MD) (OTCBB:AVSO), one of America's leading professional services companies for design and engineering technologies, today announced that the companies have been combined through a reverse merger. The combined company intends to change its name to Rand Worldwide, Inc. and will seek a new OTC Bulletin Board symbol.

As a result of the merger, the combined company has approximately 51,400,844 shares of common stock issued and outstanding, of which approximately 67% were issued to the former stockholders of Rand Worldwide, including its principal stockholders, funds managed by Ampersand, a private equity firm headquartered in Wellesley, Massachusetts. The combined company will have six directors on its board including the chief executive officer and several former board members of Rand Worldwide and Avatech.

The newly constituted board of directors has appointed Marc Dulude as the chief executive officer of the combined company, and Larry Rychlak as the president and chief financial officer. George Davis, formerlythe CEO of Avatech, will remain on the board of the combined company and Richard Charpie, a Managing General Partner of Ampersand, will assume the role of chairman. The combined company is the largest global value added reseller of Autodesk, Inc. (NASDAQ:ADSK) products in the world with sales and services capabilities that extend across the United States, Canada, Singapore, Malaysia, and Australia. With offices in 47 cities globally, the combined company is now in a position to further extend its premier training, support, and services throughout the engineering community with even broader reach. It will also continue to offer a wide range of software support services to users of products from PTC (NASDAQ:PMTC), Dassault Systèmes (Euronext Paris: #13065, DSY.PA), and Autonomy Corporation plc (LSE: AU or AU.L). The companies’ combined revenue from the last twelve months totaled approximately $82M.

“With little geographic overlap between the businesses today, the combination of Rand Worldwide and Avatech allows us to leverage the full range of selling and technical resources of each of the companies to enhance the service delivered to our clients," commented Dulude. “We believe that clients in all of the geographies we serve will reap the benefits of the very deep bench of technical service capabilities that will result from combining the two companies. Also, the ability to deliver the additional products and solutions that each company has to its respective customer bases represents an attractive cross selling opportunity.”

Rychlak added, "We see great opportunities to even further develop the operational excellence that has characterized each company. It is our intention to leverage the investments we have made in our people, systems and processes across a much larger set of selling operations. This combination represents an ideal opportunity for such leverage.”

Steve Blum, Autodesk’s senior vice president of Americas Sales said, “Autodesk has been very pleased with the performance of these two significant channel partners and we look forward to the increased capabilities available with this combination.” All Autodesk related services and sales activities for the two companies will be combined under the IMAGINiT Technologies brand worldwide.

Duff & Phelps, LLC served as an independent financial advisor to the Board of Directors of Avatech with respect to this transaction and provided an opinion as to the fairness of the transaction, from a financial point of view, to Avatech and its stockholders. Edwards Angell Palmer & Dodge LLP served as legal counsel to Rand Worldwide, Inc. Gordon, Feinblatt, Rothman, Hoffberger & Hollander, LLC served as legal counsel to Avatech Solutions, Inc.

Read more: http://www.financialpost.com/markets/news/Rand+Worldwide+Avatech+Solutions+Merge+Business+Operations/3409670/story.html#ixzz0wtyNBSLZ

[MadeIt]

Avatech Solutions to Report Fiscal 2010 First Quarter Results on Monday, November 16, 2009
Avatech Solutions to Report Fiscal 2010 First Quarter Results on Monday, November 16, 2009
Management will host a conference call at 11:00 am ET
Nov. 3, 2009 (Business Wire) -- Avatech Solutions, Inc. (OTCBB: AVSO), the nationwide technology experts for design, engineering and facilities management, announced it will release its financial results for the three months ended September 30, 2009, before the market opens on Monday, November 16, 2009. The Company has scheduled a conference call for 11:00 a.m. Eastern Time on the same day.

The dial-in numbers for the conference call are [phone] (domestic) or [phone] (international), and enter the passcode (25615735). A replay of the call will also be available through November 23, 2009, and can be accessed by dialing [phone] (domestic) or [phone], and dialing the passcode (62413298).

A live webcast of the conference call will be available to all investors in the Investor Relations section of the Company's website, www.avatech.com. For those who cannot listen to the live broadcast, an audio replay of the call will also be available on the Company’s site for a limited time.

About Avatech Solutions, Inc.

Avatech Solutions, Inc. (OTCBB: AVSO) is America’s leading professional services company for design and engineering technologies. Avatech advances the way organizations design, develop, and manage building, infrastructure, and manufacturing projects. Fortune 500 and Engineering News Record's Top 100 companies work with Avatech to gain a competitive advantage through technology consulting, implementation, training, and support services. One of the world’s largest integrators of Autodesk software, Avatech designs systems that accelerate innovation while improving quality and profitability. For more information please visit www.avatech.com.

This release is available on the KCSA Strategic Communications Web site at www.kcsa.com.






Source: Business Wire (November 3, 2009 - 8:15 AM EST)

News by QuoteMedia

[di4]

Avatech Solutions to Report Fiscal 2009 Third Quarter Results on Friday, May 15, 2009
Management Will Host a Conference Call at 11:00 am ET
May 8, 2009 8:00:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesBALTIMORE--(BUSINESS WIRE)-- Avatech Solutions, Inc. (OTCBB:AVSO), the nationwide technology experts for design, engineering and facilities management, announced it will release its financial results for the quarter ended March 31, 2009, before the market opens on Friday, May 15, 2009. The Company has scheduled a conference call for 11:00 a.m. Eastern Time on the same day.

The dial-in numbers for the conference call are [phone] (domestic) or [phone] (international), and enter the passcode (19034599). A replay of the call will also be available through May 22, 2009, and can be accessed by dialing [phone] (domestic) or [phone], and dialing the passcode (64478089).

A live webcast of the conference call will be available to all investors in the Investor Relations section of the Company's website, www.avatech.com. For those who cannot listen to the live broadcast, an audio replay of the call will also be available on the Company's site for a limited time.

About Avatech Solutions, Inc.

Avatech Solutions, Inc. (OTCBB:AVSO) is America's leading professional services company for design and engineering technologies. Avatech advances the way organizations design, develop, and manage building, infrastructure, and manufacturing projects. Fortune 500 and Engineering News Record's Top 100 companies work with Avatech to gain a competitive advantage through technology consulting, implementation, training, and support services. One of the world's largest integrators of Autodesk software, Avatech designs systems that accelerate innovation while improving quality and profitability. For more information please visit www.avatech.com.

This release is available on the KCSA Strategic Communications Web site at www.kcsa.com.



Source: Avatech Solutions, Inc.


----------------------------------------------
Company:
Avatech Solutions
Inc.
Jean Schaeffer
[phone]
Fax: [phone]
[e-mail]
or
Investor Relations:
KCSA Strategic Communications
Todd Fromer / Garth Russell
[phone] / 1250
[e-mail] / [e-mail]