Florida Micro Inc., Goes Public and Completes Major 36 Million Dollar Acquisition

May 02nd, 2011 - 10:26 am ET by Business Wire

Florida Micro Inc., Goes Public and Completes Major 36 Million Dollar AcquisitionFlorida Micro, Inc. (OTC: FLMC), a leading 36 Million Dollar provider of technology products and services to business, government and schools, today announced the completion of its acquisition of Global Agri-Med ...

Florida Micro, Inc. (OTC: FLMC), a leading 36 Million Dollar provider of technology products and services to business, government and schools, today announced the completion of its acquisition of Global Agri-Med Technologies Inc., a medical products company. The company completed a name change for Global Agri-Med Technologies Inc., to Florida Micro, Inc and is now accessible under the stock symbol: FLMC on the OTC Markets.

“As we begin the next chapter for Florida Micro as a public company, we want to recognize the incredible efforts of our staff. Through their hard work and dedication over the past nine years, the Florida Micro team has consistently created value in the company by focusing on our customers and providing outstanding service,” said Daniel S. Jacobs, Florida Micro’s Chairman and Chief Executive Officer. “We look forward to partnering with the investment community and continuing to build our industry-leading business as we continue our solid track record of annual revenue growth.”

Since 2002, Florida Micro has utilized its unique, direct-model strategy to become a significant, principal source of technology products and services. In the first quarter of 2011, Florida Micro merged its North Carolina operations into its Florida corporate headquarters to provide a centralized point of sales, customer service, and financial reporting for the company.

Concluded Jacobs: “This is a major step in our business growth, but no matter how big we get, we will not lose sight of what brought us to where we are today – quality products and quality service.”

Florida Micro shareholders with questions about the merger should contact Investor Relations at 561-893-6867 or via e-mail at investor.relations@flmicro.com, or contact the appropriate broker, bank or other nominee.

About Florida Micro

Florida Micro, Inc., ranked in the top 500 on the list of fastest growing IT companies, is a leading provider of technology solutions for business, government and education. Florida Micro is also a principal source of technology products and services, including top name brands such as Acer, Adobe, APC, Apple, EMC, Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic, Quantum, Samsung, Sony, Symantec, ViewSonic and Xerox. Florida Micro’s direct model offers customers one-on-one relationships with knowledgeable account managers, engineers and advanced technology specialists who customize solutions for customers’ complex technology needs. Florida Micro also provides same-day product shipping and post-sale technical support. Florida Micro was founded in 2002. In 2010, the company generated sales of $36 million. Florida Micro is publicly traded under the symbol FLMC. For more information, visit WWW.FLMICRO.com.

Safe Harbor

Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results, are forward-looking. Forward-looking statements involve risks and uncertainties that may cause the company’s actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of customers, competition and other factors discussed from time to time in the company’s filings with OTC Markets or the Securities and Exchange Commission.

Contacts :

Florida Micro, Inc.
Investor Relations:
Daniel Jacobs, 561-893-6867
Investor.relations@flmicro.com


Source(s) : Florida Micro, Inc.