Parata Systems Acquires Prescription Pickup Kiosk Technology
April 10 2007 - 9:00AM
PR Newswire (US)
Committed to Growth, Parata Completes Second Acquisition in a Year
DURHAM, N.C., April 10 /PRNewswire/ -- Parata Systems, LLC today
announced it acquired the assets of Amistar (OTC:AMTA.PK) (BULLETIN
BOARD: AMTA.PK) and Distributed Delivery Networks Corporation
related to automated product machine (APM) technology, which
enables prescription pickup via self-service kiosks. The sale was
completed for cash and other consideration. Coming less than a year
after Parata's acquisition of the Automated Prescription Systems
(APS) business unit of McKesson Corporation, the deal is expected
to fuel the company's rapid growth and bring new jobs to the
region. "We continue to be energized by the high growth we've
sustained over our six-year history," CEO Jess Eberdt said.
"Parata's strong vision for innovation and equally strong customer
focus is carried out by an outstanding team, built primarily with
talent from this region." According to Eberdt, APMs offer consumers
greater access and convenience in the pharmacy. Where state
regulations allow, self-service kiosks enable customers to pick up
their prescriptions quickly and easily, even when the pharmacy is
closed, with the option of accessing an on-call pharmacist for
consultation. "APMs are an ideal way to extend consumers' access
and improve service times for prescription pickup, two priorities
among retail consumers today," Eberdt said. "APMs in pharmacy offer
the same benefits of interactive self-service that consumers have
come to appreciate in other industries where safety and privacy are
a priority, such as banking and airline travel." "Parata's track
record of launching new technologies, its market and service
strength, and its strong alliance with McKesson Corporation make it
a powerful catalyst for bringing innovations like our APM
technology to pharmacy," Bill Holmes, CEO of Distributed Delivery
Networks, said. "After successfully developing and introducing the
APM, we are pleased Parata Systems now will use its considerable
resources to grow this business," Stuart Baker, president of
Amistar Corporation, said. "Amistar is looking forward to devoting
its resources to expand its core business of providing innovative
automation solutions for companies in a wide variety of
industries." Parata's latest acquisition is expected to generate
additional jobs in production, marketing, service and support,
among other functional areas. Parata was named 2006 Growth Company
of the Year by the Triangle's Center for Entrepreneurial
Development. About Parata Systems Founded in 2001, Parata Systems,
LLC offers technologies to enhance the safety and efficiency of
retail pharmacy. Its flagship product, Parata RDS (Robotic
Dispensing System), automates prescription dispensing with 100
percent accuracy for drug and dosage. Parata also offers
semi-automated counting solutions; workflow software; unit-of-dose
compliance packaging for consumers and long-term care; and now
retail automated product machine technology. Parata is based in
Durham, N.C. Visit or contact Parata at http://www.parata.com/, ,
1-888-PARATA1 (727-2821). About Amistar Corporation Amistar
Corporation provides automation solutions primarily for the
industrial markets. The Company designs, develops, manufactures,
markets and services a variety of automated equipment used to
assemble electronic components and product identification media to
printed circuit boards and other assemblies. In addition, the
Company provides design and manufacturing resources to create
customized factory automation equipment and other products
according to customers' specification in a broad range of
industries. Additional information about Amistar is available at
http://www.amistar.com/. Contact: Gregory Leiser, Vice-President
Finance and CFO, 760-471-3967, . DATASOURCE: Parata Systems, LLC
CONTACT: Nanette Kirsch, Marketing Communication Director for
Parata Systems, LLC, +1-919-433-4363, ; Gregory Leiser, Vice-
President Finance and CFO of Amistar, +1-760-471-3967, Web site:
http://www.paratasystems.com/
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