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ORAD Hi Tec Systems GmbH Takustraße 1-3 50825 Köln, Germany http://www.orad.tv
Contact Mr Ehud Ben-Yair +972 9-767-6862
Company logo of ORAD Hi Tec Systems GmbH
ORAD Hi Tec Systems GmbH

Orad acquires 63 Percent of Integrated Broadcast Information Systems Enhancement of Orads sports solutions

(PresseBox) (Köln, )
Orad Hi-Tec Systems Limited (Symbol: OHT), a world leading provider of real-time video graphic solutions announced today the signing of an investment agreement for 63.38% of Integrated Broadcast Information Systems Limited, (IBIS). As part of the deal Orad will invest 2.11 million US dollars in cash with an option to increase its holdings to 100% within the next 54 months. Future investment price is dependent on the future revenues and net profits. Completion of the transaction is expected within the next 3 months.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.