IDT acquires Advanced Data Services

We acquired Advanced Data Services in order to expand our Prepaid Solutions division and gain product and territory.  Can't share much details on the deal but below is a profile on the target which is public information. - Jay

Advanced Data Services, through its Prepaid Solutions division, develops and operates point-of-sale (POS) machines for selling prepaid phone and credit cards, roadside assistance services, and cellular ringtones; the machines have been installed in more than 2,000 retail locations. The company also provides maintenance and support services. Advanced Data Services has offices in Florida, Georgia, and South Carolina. CEO Billie Attaway Jr. started the company in 1995 and is the majority shareholder.

Officers:
CEO: Billie F. Attaway Jr.
Controller: Russ Iserman
Operations Manager: Angel Gabrielso

AMPAC acquires GenCorp's In-Space Propulsion Business

Aerojet Completes Sale of the Former Atlantic Research Corporation In-Space Propulsion Business

GenCorp Inc. announced today that its Aerojet-General subsidiary (Aerojet) has completed the sale of the former Atlantic Research Corporation (ARC) in-space propulsion business to American Pacific Corporation for $3.5 million in cash and the assumption of certain liabilities.

In October 2003, Aerojet acquired the ARC propulsion business. As a condition to the Federal Trade Commission's approval of that transaction, Aerojet was directed to divest ARC's in-space segment. Aerojet's Redmond-based in-space business is not affected by the sale to American Pacific Corporation.

GenCorp is a technology-based manufacturer with positions in the aerospace and defense, real estate and pharmaceutical fine chemicals industries. Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, and defense and armaments markets. Additional information about GenCorp and Aerojet can be obtained by visiting the Companies' web sites at http://www.GenCorp.com and http://www.Aerojet.com .