IMSI(R) Announces Sale of CADalog.com
November 03 2004 - 11:38AM
PR Newswire (US)
IMSI(R) Announces Sale of CADalog.com NOVATO, Calif., Nov. 3
/PRNewswire-FirstCall/ -- IMSI(R) (OTC/BB: IMSI), a leading
developer and publisher of precision design and consumer and
business software solutions, announced today that it had sold its
online CAD store, CADalog.com to IBSystems, Inc. of Campbell,
California, for an undisclosed amount of cash. The sale of the
CADalog.com store is a further step in IMSI's desire to focus its
online activities on sales and services offered through
Houseplans.com and CADsymbols.com . "We believe that CADalog.com
has now found the perfect home in terms of creating a pre-eminent
CAD product website. CAD product owners and CAD developers will all
benefit from IBSystems' long-standing, respected presence in the
CAD community and its marketing prowess," stated Bob Mayer,
Executive VP of IMSI. "IMSI will continue to own and use the CAD
symbols content that came with our original acquisition of
CADalog.com in our subscription website, CADsymbols.com ," added
Mayer. About IMSI Founded in 1982, IMSI has established a tradition
of providing the professional and home user with innovative
technology and easy-to-use, high- quality software products at
affordable prices. The company maintains two business divisions.
The Precision Design division, anchored by IMSI's flagship product,
TurboCAD(R) and the DesignCAD(TM) line, also develops and markets
other visual content and design software such as FloorPlan(R) 3D
and TurboCADCAM. The division also includes several online
properties focused on the sale of content and services to the
architectural, engineering and construction market thru its stock
house plans site at Houseplans.com and the online CAD symbol sites,
CADsymbols.com and CADsymbol.net. The Consumer Software Solutions
division, which is anchored by Allume Systems, Inc. (formerly
Aladdin Systems, Inc.), provides small businesses and consumers
with software solutions through its popular products such as
StuffIt(R), Internet Cleanup(R), SpamCatcher(R), TurboProject(R),
FormTool(R), FlowCharts&More(TM), HiJaak(R) and
TurboTyping(TM). More information about IMSI can be found at
http://www.imsisoft.com/ and http://www.allume.com/. IMSI is a
registered trademark of International Microcomputer Software, Inc
respectively. All other products are the trademarks or registered
trademarks of their respective owners. (C) 2004 International
Microcomputer Software, Inc. All rights reserved. DATASOURCE: IMSI
CONTACT: Pam Volpe of International Microcomputer Software, Inc.,
+1-415-878-4025 or Web site: http://www.imsisoft.com/
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