Merger Positions Hi-Val for
SANTA ANA, Calif.--(BUSINESS
WIRE)--June 14, 1999--Hi-Val, Inc., an award winning supplier of
multimedia solutions, has been acquired by IOM Holdings of Nevada.
The acquisition is effective June
10th and will enable Hi-Val to leverage its considerable
distribution channels and buying power, providing maximum value to
The companies expect to increase
staffing at Hi-Val's Santa Ana facility and pursue the opening of
a satellite sales office in the region. Hi-Val will continue to
market its value-based line of DVD drives, modems, CD-ROM drives
and other multimedia peripherals. Both IOM Holding and Hi-Val will
also discuss the addition of new products to the Hi-Val family.
"This acquisition is a powerful
union of two industry leaders and will result in added market
share for the Hi-Val brand," says Mark Vakili, President and CEO
of Hi-Val. "It is imperative that aggressive relationships such
as this be formed in order for us to position the company for
"Hi-Val, with its well known
value-oriented brand and broad distribution, was an ideal
acquisition for us," says Ms. Mei Hsu, Executive Vice President
of IOM Holdings. "The combination of Hi-Val and IOM Holdings will
position both companies to maximize the market opportunity and
provide value to consumers."
Hi-Val, Inc. is one of the fastest
growing high-tech companies in the USA. Hi-Val is located in Santa
Ana, California and offers a wide range of multimedia solutions.
Hi-Val combines the latest quality, 40X, 48X, 50X, 56X CD-ROM
drives, DVD-3 and DVD-RAM with the highest quality soundcards and
top selling CD software. Other categories also a part of Hi-Val's
expanding product line include a variety of CD-Recorders, CD
Changers, DVD-ROM drives, graphics accelerators, wireless
products, modems and software applications. For press information
please contact Ray Vincenzo of Imagio Public Relations, at
206/625-0252 or [email protected].
Additional sales information may be obtained by contacting Hi-Val
at 714/953-3000 or http://www.hival.com.
Imagio Public Relations
Ray Vincenzo, 206/625-0252