7/7/2005 - Pinnacle Data Systems, Inc. (PDSi) (AMEX: PNS), announced that it has executed a non-binding Letter of Intent to acquire the assets and assume certain liabilities of privately-held GNP Computers, Inc. (GNP). Following the acquisition, which is expected to close during PDSi's fiscal third quarter ending September 30, GNP is expected to become an integrated part of PDSi. Based in Monrovia, California, GNP was founded in 1981 and like PDSi, offers computer system design, manufacturing, and lifecycle management for OEMs in a broad range of industries.
PDSi provides product lifecycle service solutions to Original Equipment Manufacturers (OEMs) in the medical, telecommunications, defense, imaging and computer equipment industries, among others. PDSi offers a full range of computer and computer-related product development and manufacturing services to increase product speed to market and engineered product life, and service and support solutions for units in the field through comprehensive product lifecycle management programs encompassing depot repair, advanced exchange, contact center support and end-of-life control. For more information, visit the PDSi Website at www.pinnacle.com.
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