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Dynatech Sells ComCoTec to
The Potomac Group

BURLINGTON, Mass., July 1, 1998 . . . Dynatech Corporation announced that it sold the assets of its subsidiary, ComCoTec, Inc., a Lombard, Illinois-based supplier of pharmacy management software and services, to The Potomac Group, Inc.

John F. Reno, Dynatech Corporation's chairman, president and chief executive officer, commented: "Although ComCoTec is a leader in its field, it is in an industry which is outside of our company's core communications markets. As a result of the sale, we believe The Potomac Group offers ComCoTec a better strategic fit and a better opportunity to realize its potential."

The proceeds of the sale approximate the price for Dynatech's recent acquisition of Pacific Systems, a supplier of cabin management systems for corporate aircraft. "The purchase of Pacific Systems bolsters our core business and leverages the strengths of our subsidiary, Airshow, the worldwide leading provider of passenger flight information systems," said Mr. Reno.

Mark Smith, chairman of The Potomac Group, said: "We are excited to add ComCoTec to our family of healthcare technology companies. We believe that this will contribute significantly to our existing leadership position in the pharmacy EDI segment. In addition, we look forward to additional synergies by offering a wider array of products and services to our respective customers."

Dynatech Corporation (OTC-BB: DYNA) is a global communications equipment company focused on network technology solutions. Its products address communications test, industrial computing and communications, and visual communications applications. Headquartered in Burlington, Massachusetts, Dynatech sells its products worldwide through subsidiaries located throughout the Americas, Europe and Asia (Internet URL: www.dynatech.com).

The Potomac Group, Inc. is a privately owned Nashville-based company specializing in providing advanced technological and EDI solutions to healthcare payers and providers. The company, through its four operating entities (Apollo EDI, MediFAX, Multi-Media Data Systems, and ComCoTec), serves the hospital, physician, and pharmacy markets (Internet URL: www.medifax.com or www.mdsmed.com).

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgement on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors which could cause actual results to differ materially are described in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

 

Dynatech Contact
Dynatech Corporation
Corporate Headquarters
3 New England Executive Park
Burlington, MA 01803
telephone: (781) 272-6100 fax: (781) 272-2304
email: pr@dynatech.com

 

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