From Auto-Graphics Annual Report (SEC form 10-K) submited May 3, 2001.
In February of 2001, the Company completed the purchase of software and related assets of Maxcess Library Systems, Inc. for approximately $200,000. This purchase and resulting offering will afford the Company the opportunity to expand its current ASP (Application Service Provider) Impact/ONLINE(TM) product/services in the library automation area to include a fully Web based integrated library system (ILS) which will be offered to libraries, including those who currently use the Company's SLiMS (Small Library Management System) product, for license for "in library" use or as an ASP service under the trade name Impact/VERSO(TM). Acquisition of the Company's new ILS software on an ASP basis will provide libraries with a low capital investment alternative to their ILS needs, with no local software/hardware requirements (other than a Web browser and a PC workstation), allowing the library and their patrons to access and utilize the library's bibliographic holdings information via the Internet/Web.
