Management plans to change FI-Tek's name to Global Water Technologies, Inc. to reflect its focus on the growing water related market opportunities. PSI will continue to operate under its current name. After the closing CTII had approximately 18.2 million shares outstanding. Both companies are focused on the healthcare information technology market. Camelot is a specialty provider of software engineering and information systems professionals serving large corporate clients in the greater Boston, MA region.
CM is a multi-regional provider of specialty professional staffing services to U.S. businesses.
BW Acquisition Corporation has accepted all shares validly tendered for purchase. Cambrex also announced that BW Acquisition Corporation intends to merge with and into BioWhittaker pursuant to the short form merger provisions of the Delaware General Corporation Law. The combined company will focus on offering both hardware and software components to Medical Image Management system suppliers, OEMs and VARs. This acquisition is expected to qualify as a tax free reorganization, and is expected to be accounted for as a pooling of interests. Sunnyvale, CA-based Lumisys designs, manufactures and markets a family of precision digitizers that convert medical images on film or video into digital format.