[06.05.2005]
Acquisition of Optical Mark Systems
Limited
Alphameric plc, the provider of end
to end solutions for the Leisure and
Hospitality sectors, has acquired
the entire issued share capital of
Optical
Mark Systems Limited ('OMS').
OMS supplies
risk management software, tele-betting
systems and internet
solutions to UK bookmakers. Its customers
include Coral Racing, Ladbroke Racing,
Turkbet, Chisholm Bookmakers and Jack
Brown Bookmakers.
The total
consideration being paid is £1,000,000
comprising £700,000 in cash
and
405,405 Alphameric plc Ordinary Shares.
The Alphameric plc shares comprised
within the consideration are to be
held by the vendors of OMS for a minimum
period of twelve months from completion.
Alan
Morcombe, Alphameric Chief Executive,
commented:
'We
are delighted to welcome the OMS team
to Alphameric. The acquisition will
expand Alphameric's range of software
products, further enhancing our offering
to the bookmakers and introducing
new opportunities for the Group.'
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