Monterey Bay Tech Signs Letter of Intent to Acquire SpaceLogic
December 21 2004 - 5:18PM
PR Newswire (US)
Monterey Bay Tech Signs Letter of Intent to Acquire SpaceLogic
WATSONVILLE, Calif., Dec. 21 /PRNewswire-FirstCall/ -- Monterey Bay
Tech, Inc. (OTC BB: MBYI) today announced that on December 20,
2004, the Company signed a Letter of Intent to acquire SpaceLogic,
Ltd., an Israeli company. The closing of the transaction is subject
to the completion of due diligence by the parties and the
negotiation and execution of definitive agreements. SpaceLogic
develops systems for US and international airports that unify
baggage screening and secured baggage handling systems into a
single integrated solution. DATASOURCE: Monterey Bay Tech, Inc.
CONTACT: Jonathan Kahn, +1-831-768-3622, for Monterey Bay Tech,
Inc.
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