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:
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.