Data Evolution Corporation
PINK SHEETS : DTEV

Data Evolution Corporation

January 24, 2007 08:00 ET

Data Evolution Completes Acquisition of AMD Personal Internet Communicator (PIC) Device Assets

Acquisition expands innovative thin client strategy

NEW ORLEANS, LOUISIANA--(CCNMatthews - Jan. 24, 2007) -

Attention Technology/Business Editor

Data Evolution Holdings, Inc. (PINK SHEETS:DTEV) announced today that it has completed the acquisition from Advanced Micro Devices, Inc. (NYSE:AMD) of the assets used in the manufacture of AMD's Personal Internet Communicator (PIC) device. Terms of the acquisition were not disclosed.

The company's wholly-owned subsidiary, Data Evolution Corporation (DEC) is the manufacturer of the Clio® NXT™, the world's only full-sized, Windows CE, convertible notebook, and the Cathena®, a Windows CE ultralight notebook computer.

"This is an exciting acquisition for DEC," said Robert Sowah, DEC's Chief Executive Officer. "We are aggressively pursuing our thin client strategy, part of which calls for expansion into high-growth markets. Adding the PIC product design to our portfolio of products is a significant step in that direction."

Combined with the company's existing line of mobile computer offerings, the addition of the PIC product design, which is a low-cost, low-power desktop computer, makes DEC a leading supplier of innovative thin client products.

About Data Evolution

DEC develops proprietary computer software and manufactures computer hardware for mobile data capture solutions. DEC's hardware offerings currently consist of the award-winning, convertible handheld personal computer, Clio®, the traditional notebook-style, Windows CE computer, Cathena®, which is specifically targeted to the education and government services markets, and the Personal Internet Communicator (PIC), which is targeted to first-time technology users in high-growth markets around the world. DEC's software products and services, grouped under the trade name mCapture:PowerSys®, are specifically designed to help organizations capture and manipulate data efficiently and accurately.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Data Evolution Holdings, Inc.
    Robert J. Sowah
    Chief Executive Officer
    613-233-7075
    613-233-7401 (FAX)
    or
    Data Evolution Holdings, Inc., United States
    650 Poydras Street, Suite 1467
    New Orleans, Louisiana 70130
    504-299-3467
    504-342-4279 (FAX)
    or
    Data Evolution Holdings, Inc., Canada
    300 March Road, 4th Floor
    Ottawa, Ontario K2K 2E2
    613-233-7075
    613-233-7410 (FAX)
    www.dataevolution.com