News

Computer Automation moves to purchase GAA

January 30, 2002

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PLANO, Texas - Computer Automation Systems Inc.'s (OTCBB:CASX) first endeavor into kiosks has proven so encouraging that, to borrow Victor Kiam's Remington shavers pitch line, it bought the company. Computer Automation on Jan. 30 announced it had signed a letter-of-intent to purchase kiosk deployer Global Access Alliance (GAA), its partner in developing ZapLink kiosks for Circle K convenience stores.

The stock transaction is expected to close sometime in the first quarter of 2002, Computer Automation officials said. The company did not disclose the details of the purchase or the new company's structure.

Computer Automation's first kiosk project is the Circle K initiative, a series of public access and retail kiosks being launched in Circle K stores by two different deployers, GAA and Info Touch Technologies Inc. (IFT:CDNX) (See story: Circle K project brings company to kiosk mix).

The first Computer Automation-GAA kiosks were delivered to Circle K stores in the Philadelphia area in late January.

"While we worked together developing the initial order of kiosks for Circle K, we realized the synergy of combining our complimentary skills into one entity, CASi," Mike Cherry, Computer Automation president and chief executive officer, said in a news release.

Based in Plano, Texas, Computer Automation's core business is the manufacture of flat panel communications systems and displays.

[Editor's note: Info Touch Technologies became Tio Networks in April 2006.]