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Alpharel Inc

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BUSINESS
October 27, 1992 | JACK SEARLES
Alpharel Inc., a Camarillo producer of document-processing software, will move on Nov. 12 from its present location on Calle Tecate to larger quarters on Camino Ruiz in the same city. The new headquarters, being subleased from Unisys Corp., will provide Alpharel's engineers and other personnel with badly needed working room, said John W. Low, chief financial officer. "In 1988, when we moved to Calle Tecate, we were a computer hardware manufacturer," he said.
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BUSINESS
November 16, 1993
Alpharel Inc. posted a third-quarter net loss of $8.4 million, mostly because of onetime charges incurred in the three months that ended Sept. 30. The Camarillo supplier of software for managing documents said it took a $4.9-million charge in the latest quarter for purchased research and development and a $3.4-million charge relating to its acquisition of Optigraphics Corp. The latter was primarily a write-down of certain intangible assets and inventory, plus consolidation costs, Alpharel said.
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BUSINESS
April 13, 1993
Alpharel Inc., a Camarillo-based supplier of document imaging systems, said it reached an agreement with Yukong Computer & Communications Ltd., a South Korean company, to distribute Alpharel's products in that nation. Alpharel said Yukong, based in Seoul, would provide a full-time marketing and technical staff to sell and support Alpharel's products. Yukong is a conglomerate with more than $32 billion in sales in 1991.
BUSINESS
October 5, 1993 | JACK SEARLES
Camarillo-based Alpharel Inc. expects to reduce overall costs $2 million annually as a result of its previously announced acquisition of San Diego's Optigraphics Corp. The savings will come from restructuring the two firms, both of which produce document imaging systems for business and government, said Robert T. Bruce, Alpharel's chairman and chief executive. The deal, completed last week, called for Alpharel to pay $10.7 million, consisting of $4.4 million in cash, 2.
BUSINESS
April 27, 1993
Alpharel Inc., a Camarillo-based supplier of document imaging systems, said its profit surged to $296,000 for the first quarter, up from $61,000 a year earlier, on a 38% increase in revenue. Alpharel said revenue for the quarter ended March 31 increased to $1.89 million from $1.37 million a year earlier, mainly because of deliveries to new customers, including ARCO Alaska, Detroit Edison and General Electric.
BUSINESS
May 26, 1992
Alpharel Inc. in Camarillo said it was selected by General Electric Co. to install a document-imaging system at the material services department of GE's nuclear energy unit. The award's value was not disclosed. The GE department handles customer orders and related business documents. This will be the third Alpharel imaging system provided to GE, Alpharel said.
BUSINESS
March 2, 1993
Alpharel Inc., a Camarillo supplier of document imaging systems, said it has been awarded a $250,000 contract to upgrade an existing imaging system at Pacific Gas & Electric Co. The upgrade will be completed in early April, Alpharel said. Alpharel's computerized systems enable companies to store, retrieve and manipulate engineering blueprints, technical drawings and other documents for future use.
BUSINESS
July 6, 1993 | JACK SEARLES
Alpharel Inc., a Camarillo producer of document imaging systems, said it is involved in merger talks with Optigraphics Corp., a San Diego imaging systems firm. A definitive agreement has not been reached, but the merger would involve the payment of an undisclosed amount in cash, common stock and notes to Optigraphics, Alpharel said. Alpharel, whose 1992 revenues totaled $6.2 million, said sales of the privately held San Diego concern are about 25% larger than Alpharel's.
BUSINESS
September 22, 1992
Alpharel Inc., a Camarillo maker of computer imaging systems, said it has signed a subcontract with IBM to jointly supply an imaging system to ARCO Alaska Inc. The contract has a value of about $1 million to Alpharel. The firm said the imaging system, which will be installed over the next six months, is intended to manage ARCO's engineering drawings related to its North Slope facilities. Alpharel said the ARCO contract is its first in the oil and gas industry.
BUSINESS
October 5, 1993 | JACK SEARLES
Camarillo-based Alpharel Inc. expects to reduce overall costs $2 million annually as a result of its previously announced acquisition of San Diego's Optigraphics Corp. The savings will come from restructuring the two firms, both of which produce document imaging systems for business and government, said Robert T. Bruce, Alpharel's chairman and chief executive. The deal, completed last week, called for Alpharel to pay $10.7 million, consisting of $4.4 million in cash, 2.
BUSINESS
August 10, 1993
Alpharel Inc. said its second-quarter net income nearly tripled on a 22% revenue gain. The Camarillo supplier of software for document managing earned $180,000 in the three months ended June 30, compared with a $61,000 profit a year earlier. Its revenue jumped to $1.7 million from $1.4 million in 1992's second quarter. For the six months, Alpharel's profit climbed to $476,000 from $122,000, while revenue rose to $3.6 million from $2.8 million a year earlier.
BUSINESS
July 13, 1993 | Jack Searles
A management shift is in the works at Alpharel Inc., a Camarillo producer of imaging systems that is about to acquire a San Diego competitor. Robert T. Bruce, Alpharel's chairman, will continue in that position but will also resume his former posts as president and chief executive officer. He'll take on the additional duties upon the merger with Optigraphics Corp.
BUSINESS
July 6, 1993 | JACK SEARLES
Alpharel Inc., a Camarillo producer of document imaging systems, said it is involved in merger talks with Optigraphics Corp., a San Diego imaging systems firm. A definitive agreement has not been reached, but the merger would involve the payment of an undisclosed amount in cash, common stock and notes to Optigraphics, Alpharel said. Alpharel, whose 1992 revenues totaled $6.2 million, said sales of the privately held San Diego concern are about 25% larger than Alpharel's.
BUSINESS
June 8, 1993 | JACK SEARLES
Alpharel Inc., a Camarillo producer of imaging software for storing information and documentation, has been awarded a contract to install a system for Bell Helicopter Textron in Ft. Worth, Texas. The contract will provide Alpharel with at least $500,000 in business during the rest of the year and will continue at least through 1994, said John W. Low, the firm's chief financial officer. He said Alpharel will supply Bell, a unit of Textron Inc.
BUSINESS
April 27, 1993
Alpharel Inc., a Camarillo-based supplier of document imaging systems, said its profit surged to $296,000 for the first quarter, up from $61,000 a year earlier, on a 38% increase in revenue. Alpharel said revenue for the quarter ended March 31 increased to $1.89 million from $1.37 million a year earlier, mainly because of deliveries to new customers, including ARCO Alaska, Detroit Edison and General Electric.
BUSINESS
April 13, 1993
Alpharel Inc., a Camarillo-based supplier of document imaging systems, said it reached an agreement with Yukong Computer & Communications Ltd., a South Korean company, to distribute Alpharel's products in that nation. Alpharel said Yukong, based in Seoul, would provide a full-time marketing and technical staff to sell and support Alpharel's products. Yukong is a conglomerate with more than $32 billion in sales in 1991.
BUSINESS
December 17, 1991
Alpharel Inc., a Camarillo supplier of computer imaging systems, said it raised $2.6 million in a secondary offering of stock to the public. The offering consisted of 750,000 units priced at $4.25 each. Each unit was made up of two shares of common stock and a warrant to buy another share at $4.25. John W. Low, chief financial officer, said the proceeds would be used for development of new products and increased marketing, among other things.
BUSINESS
March 2, 1993
Alpharel Inc., a Camarillo supplier of document imaging systems, said it has been awarded a $250,000 contract to upgrade an existing imaging system at Pacific Gas & Electric Co. The upgrade will be completed in early April, Alpharel said. Alpharel's computerized systems enable companies to store, retrieve and manipulate engineering blueprints, technical drawings and other documents for future use.
BUSINESS
February 16, 1993
Alpharel Inc., a Camarillo-based maker of document imaging systems, said its fourth-quarter profit dropped 81% from a year earlier on a 3% dip in revenue. The company's net income in the quarter ended Dec. 31 fell to $67,000 from $359,000 a year earlier, while its revenue fell to $1.67 million from $1.73 million. Roger Erickson, chief executive, said that while 1992 was "essentially a break-even year," this year "will prove to be much better."
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