Mergers Continue -Amano Buys McGann

Got this news release today from Amano: or is it Amano-McGann

Amano
USA Holdings, Inc of Roseland New Jersey (Amano) has reached agreement to
acquire 100% of the stock of Terry McGann & Associates Inc. of Minneapolis, Minnesota
(McGann). Completion of the transaction
is expected to take place in June 2007 upon the finalization of the due
diligence process.

Amano is a leading global manufacturer and distributor of
hardware and software for the parking industry. McGann is a leader in parking
management software and specialty hardware and operates full service parking
sales and service offices throughout the US. Amano Cincinnati, Inc. has
partnered with McGann since  1982.  McGann is Amano’s largest parking equipment
distributor and software partner. 

Amano is merging its parking business with McGann and the
combined businesses will be known as Amano McGann utilizing the leadership of
the existing management teams. Mr. Mike Lee and Mr. Terry McGann  will assume the roles of Chairman  and President respectively, reinforcing their
joint commitment to continue to provide the best possible products and services
to their customers while advancing Amano’s stated market strategy of becoming a
full service provider.

The merger brings together the proven Amano hardware and
innovative iParc software with the feature-rich McGann Professional software, Event,
Hotel and Valet management systems, space management and sign control products.
This will create new opportunities for Amano McGann to grow its business by
delivering and integrating next generation solutions that take advantage of
both companies’ software and hardware technology and parking expertise.

Customers who have invested in Amano McGann systems can
continue to build on their investment and benefit from new and innovative
products.

Amano’s direct offices and network of strong independent
distributors around the country will be enhanced by McGann’s nationwide sales
and service presence.  “Today, we are
improving the depth of our sales and service coverage and now offer not only
leading products but responsive service and support from professionals who
understand our marketplace and our products, and who can deliver unparalleled customer
service. We have a consistent vision of the future of parking systems and
technology” said Michael Lee President and CEO of Amano Cincinnati, Inc

“Our commitment to customer support and satisfaction has
earned us respect and recognition in the parking industry”, said Terry McGann,
President and CEO, of McGann Associates. “We are proud of our strong commitments to our customers, and we believe
this merger will allow us to continue to provide the best possible service and
support in the future.

This sould bring solice to customers of both companies. It means that both technologies will merge and prevail and that existing systems should be supported. All the best to the two companies and the survivors of the merger.

JVH