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INDUSTRY NOTES

Codercard Purchases Computer Security Firm

July 08, 1986

Codercard Inc., a Nevada computer security system manufacturer with headquarters in Irvine, has acquired PDC Corp., a privately held computer security consulting firm based in Colorado Springs, Colo.

The purchase involves the even exchange of all 20,000 shares of PDC's capital stock for 7 million shares of Codercard's voting common stock. The stocks each have a cash value of about $1.3 million.

Codercard also appointed William Abourezk, founder and president of PDC, to its board of directors.

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