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.
July 13, 1993 |
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.
July 6, 1993 |
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.
June 8, 1993 |
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.
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.
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.