arasor international: introduction, page-34

Extract


For immediate release 30th July 2007
Arasor Acquires Two Companies to fully control optical product offering
· The directors of Arasor are pleased to announce they have signed definitive agreements to purchase a US laser company, Alfalight, and US owned, Australian company AOFR Pty Ltd.
· The USD$63M (total) all-scrip purchases are expected to be earnings accretive, as both companies are cashflow positive.
· These acquisitions are consistent with our strategy and give Arasor the 3 key elements common to all its products – optical chip, laser chip and optical coupler.
· Both companies bring with them blue chip customers, including Telstra, Avanex, Siemens, and a variety of tier 1 telecommunications companies.
· The acquisitions contribute approximately USD$20M in revenue,1st class management teams, and substantial revenue producing assets".