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IMAGINOVA's ACQUISITION OF ORION



 
 
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  #1  
Old January 14th 05, 08:21 AM
Victor
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Posts: n/a
Default IMAGINOVA's ACQUISITION OF ORION

I hope this will turn out to be to our benefit.

http://www.imaginova.com/newsroom/release.php?id=050113

IMAGINOVA™ CORP. ANNOUNCES ACQUISITION OF ORION TELESCOPES & BINOCULARS

Orion’s Brand and Market Reach Seen as Valuable Strategic Enhancements
to Imaginova’s Portfolio

NEW YORK, Jan. 13, 2005 - Imaginova™ Corp. announced today that it has
acquired Orion Telescopes & Binoculars, the largest multi-channel
marketer of telescopes, accessories and binoculars to the amateur and
casual astronomer market. Terms of the transaction between the
privately-held companies were not disclosed.

Founded in 1975 under its corporate name Optronic Technologies, Inc.,
the Watsonville, Calif.-based company has built a powerful brand
identity for its Orion line of products. This line includes more than 60
models of telescopes, 50 styles of binoculars and more than 500 related
accessories. Orion's products are sold directly to consumers through its
catalogs, its state-of-the-art www.telescope.com e-commerce website and
through leading specialty retailers. Orion has been consistently
profitable throughout its 30 year history and its brand is synonymous
with high quality, tremendous value and unparalleled customer service.

Imaginova is an integrated multimedia content and commerce company that
captures people's fascination with space, science and technological
innovation.

"The acquisition of Orion Telescopes & Binoculars brings one of the most
prestigious brands in astronomy into the Imaginova family of media and
consumer products, said Daniel Stone, president and chief executive
officer of Imaginova. "The addition of Orion further strengthens our
position as a leader serving the valuable, growing 'intellectually
curious' demographic across consumer, education and professional markets.

"Orion's telescope.com web site is an extremely valuable e-commerce
asset with broad recognition among enthusiasts and gift buyers alike,"
said Stone, "and is an ideal complement to our existing e-commerce
presence at www.starrynight.com, our Starry Night line of software and
DVDs and our renowned media assets such as Space.com and LiveScience.com."

Tom Anglo, president of Orion Telescopes & Binoculars, said: "We are
very excited about the opportunity to join forces with Imaginova. There
are tremendous cross-selling opportunities and Imaginova's media
properties will help us grow our customer base dramatically. We are
anxious to take our business to the next level."

Imaginova’s other brand franchises and media outlets include:

-- Starry Night™, the world's leading family of astronomy software and
DVDs. In 2004, for the fourth consecutive year, Starry Night software
products were recognized by the Parents' Choice Foundation with its Gold
Award. In late 2004, Imaginova released Starry Night version 5.0,
offering a dazzling array of new products and features appealing to avid
enthusiasts and casual stargazers.

-- SPACE.com®, the award-winning web site that offers rich and
compelling space, astronomy and technology content, including
information, education, entertainment and business news to a large,
rapidly growing audience. Space.com has content syndication deals with
CNN.com, msnbc.com, Yahoo and USAToday.com.

-- LiveScience.com™, launched in November 2004, presents a fast-paced
look at the new discoveries, intellectual adventures and idiosyncrasies
of the world around us. LiveScience covers science, technology, physics,
biology, the animal world and environment as well as the culture of
science and technology, including science fiction novels and movies.

-- Space News®, the premier business-to-business international trade
publishing business dedicated entirely to commercial and military space
and satellite communication businesses. Its flagship Space News
International publication was launched in 1989 and the Washington
Aerospace Briefing™ Newsletter was introduced in 2004. Space News also
sponsors industry-leading trade shows including Strategic Space™ and
Space at the Crossroads™.

About Imaginova

Imaginova™ is an integrated multimedia content and commerce company
capturing people's fascination with space, science, and technological
innovation. Formed in 1999, the company's brand franchises include:
Starry Night™, the world's leading family of astronomy products;
SPACE.com®, a web site that offers rich and compelling space, astronomy
and technology content; the newly launched LiveScience™, focusing on
innovative and intriguing science and technology; Space News®, the
premier business-to-business international news weekly dedicated to
commercial and military space and satellite communications businesses;
Space at the Crossroads™ and Strategic Space™, annual industry conferences.

Imaginova is backed by a prestigious group of investors including:
Venrock Associates, SpaceVest, Gannett Co., and Blue Chip Venture
Company, as well as well-recognized leaders in the space, business and
media communities.

Imaginova™ is headquartered in New York City with offices and news
bureaus in Virginia, Toronto and Paris.

  #2  
Old January 15th 05, 08:42 AM
Matthew Ota
external usenet poster
 
Posts: n/a
Default

We will wait and see. Orion has done a good job bringing foreign
telescopes to market in the USA at reasonable prices. Let's hiope that
it will continue...

Matthew Ota

Victor wrote:
I hope this will turn out to be to our benefit.

http://www.imaginova.com/newsroom/release.php?id=050113

IMAGINOVA™ CORP. ANNOUNCES ACQUISITION OF ORION TELESCOPES & BINOCULARS

Orion’s Brand and Market Reach Seen as Valuable Strategic Enhancements
to Imaginova’s Portfolio

NEW YORK, Jan. 13, 2005 - Imaginova™ Corp. announced today that it has
acquired Orion Telescopes & Binoculars, the largest multi-channel
marketer of telescopes, accessories and binoculars to the amateur and
casual astronomer market. Terms of the transaction between the
privately-held companies were not disclosed.

Founded in 1975 under its corporate name Optronic Technologies, Inc.,
the Watsonville, Calif.-based company has built a powerful brand
identity for its Orion line of products. This line includes more than 60
models of telescopes, 50 styles of binoculars and more than 500 related
accessories. Orion's products are sold directly to consumers through its
catalogs, its state-of-the-art www.telescope.com e-commerce website and
through leading specialty retailers. Orion has been consistently
profitable throughout its 30 year history and its brand is synonymous
with high quality, tremendous value and unparalleled customer service.

Imaginova is an integrated multimedia content and commerce company that
captures people's fascination with space, science and technological
innovation.

"The acquisition of Orion Telescopes & Binoculars brings one of the most
prestigious brands in astronomy into the Imaginova family of media and
consumer products, said Daniel Stone, president and chief executive
officer of Imaginova. "The addition of Orion further strengthens our
position as a leader serving the valuable, growing 'intellectually
curious' demographic across consumer, education and professional markets.

"Orion's telescope.com web site is an extremely valuable e-commerce
asset with broad recognition among enthusiasts and gift buyers alike,"
said Stone, "and is an ideal complement to our existing e-commerce
presence at www.starrynight.com, our Starry Night line of software and
DVDs and our renowned media assets such as Space.com and LiveScience.com."

Tom Anglo, president of Orion Telescopes & Binoculars, said: "We are
very excited about the opportunity to join forces with Imaginova. There
are tremendous cross-selling opportunities and Imaginova's media
properties will help us grow our customer base dramatically. We are
anxious to take our business to the next level."

Imaginova’s other brand franchises and media outlets include:

-- Starry Night™, the world's leading family of astronomy software and
DVDs. In 2004, for the fourth consecutive year, Starry Night software
products were recognized by the Parents' Choice Foundation with its Gold
Award. In late 2004, Imaginova released Starry Night version 5.0,
offering a dazzling array of new products and features appealing to avid
enthusiasts and casual stargazers.

-- SPACE.com®, the award-winning web site that offers rich and
compelling space, astronomy and technology content, including
information, education, entertainment and business news to a large,
rapidly growing audience. Space.com has content syndication deals with
CNN.com, msnbc.com, Yahoo and USAToday.com.

-- LiveScience.com™, launched in November 2004, presents a fast-paced
look at the new discoveries, intellectual adventures and idiosyncrasies
of the world around us. LiveScience covers science, technology, physics,
biology, the animal world and environment as well as the culture of
science and technology, including science fiction novels and movies.

-- Space News®, the premier business-to-business international trade
publishing business dedicated entirely to commercial and military space
and satellite communication businesses. Its flagship Space News
International publication was launched in 1989 and the Washington
Aerospace Briefing™ Newsletter was introduced in 2004. Space News also
sponsors industry-leading trade shows including Strategic Space™ and
Space at the Crossroads™.

About Imaginova

Imaginova™ is an integrated multimedia content and commerce company
capturing people's fascination with space, science, and technological
innovation. Formed in 1999, the company's brand franchises include:
Starry Night™, the world's leading family of astronomy products;
SPACE.com®, a web site that offers rich and compelling space, astronomy
and technology content; the newly launched LiveScience™, focusing on
innovative and intriguing science and technology; Space News®, the
premier business-to-business international news weekly dedicated to
commercial and military space and satellite communications businesses;
Space at the Crossroads™ and Strategic Space™, annual industry conferences.

Imaginova is backed by a prestigious group of investors including:
Venrock Associates, SpaceVest, Gannett Co., and Blue Chip Venture
Company, as well as well-recognized leaders in the space, business and
media communities.

Imaginova™ is headquartered in New York City with offices and news
bureaus in Virginia, Toronto and Paris.

 




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