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February 2001
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Analytical Surveys to sell Colorado Springs office
Indianapolis, Feb. 2- Analytical Surveys, Inc., a provider of customized data conversion and digital mapping
services for the GIS market, has signed a letter of intent to sell substantially all of the
assets of its Colorado Springs, Colorado-based land mapping office. The
Sanborn Map Company, Inc., a subsidiary of DMG Information, Inc.
which itself is part of the Daily Mail & General Trust plc, an international
media group, will acquire the office for approximately $9.0 million in cash
and the assumption of certain liabilities. The business will operate as a
division of The Sanborn Map Company, Inc., based in Pelham, New York.
ASI management said the sale will allow the Company to reduce corporate
debt and will enable management to concentrate on operations associated with
ASI's other offices, which focus primarily on data management services for the
utility and telecommunications industries and certain land-mapping services,
such as cadastral mapping.
"This transaction represents an important step in our efforts to
strengthen our financial position and focus our operational plans," said Norm
Rokosh, ASI's President and CEO. "We continue the process of building on our
current business opportunities in the data management services industry."
Rokosh added, "We believe this transaction will benefit all parties
involved. Sanborn and DMGI have a superb reputation and we are confident that
this sale will benefit both the employees and customers of the Colorado
Springs office. ASI and Sanborn will work closely with customers to ensure a
seamless transition of all current contracts."
Pankaj Desai, President of The Sanborn Map Company, said, "The business
will continue to operate out of Colorado Springs. This acquisition fits into
our strategy of creating regional hubs for mapping services. We have
successfully integrated a number of acquisitions in the last several years and
believe the Colorado Springs operation will bring substantial strength to
Sanborn."
Completion of the transaction, which is contingent on customary approvals,
is anticipated before May 2001.
DMG Information is an information publisher with activities in the
education and business-to-business markets. It's business-to-business division
activities are predominantly in the U.S.A. and comprise companies active in
the real estate, insurance and related financial services, and health and
safety markets in addition to the provision of mapping and geographic
information by The Sanborn Map Company. DMGI has operations in the U.K.,
U.S.A., Australia and Asia, and is headquartered in Stamford, Connecticut.
Its parent, the Daily Mail & General Trust plc, had revenues of approximately
$2.7 billion in fiscal year 2000 and is listed on the London Stock Exchange.
Founded in 1866, The Sanborn Map Company is the oldest mapping company in
the United States. Based in Pelham, New York, Sanborn offers photogrammetric
mapping, data conversion, and comprehensive GIS services to engineering
companies, government entities, utilities and the telecommunications industry.
Analytical Surveys provides customized data conversion, digital mapping
and consulting services for the spatial data markets. Geospatial data is used
for a variety of applications, including the creation of GIS. A GIS is a
high-resolution, large-scale, richly detailed "intelligent map" that allows
users to input, update, query, analyze and display detailed information about
a geographic area. Geographic information systems are widely used by
utilities, state and local governments, federal agencies and commercial
businesses to manage massive infrastructures effectively, to improve operating
efficiencies and to analyze future demand for facilities. The Company's
traditional markets have been utilities and state and local governments.
Web Site: http://www.anlt.com
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