Texas, USA, 25 August 2006: Analytical Surveys, Inc. (ASI) has announced the sale of selected assets associated with its GIS office in Waukesha, Wisconsin to RAMTeCH Software Solutions, Inc.
As part of the asset sale, ASI will transfer several ongoing GIS service contracts along with ownership of the hardware, software and other equipment necessary for the operation of the Wisconsin office. In addition, RAMTeCH will employ all of the people currently associated with the Wisconsin operation. Lori Jones, ASI’s CEO said, “While this office has played a meaningful role within ASI, its sale provides us the opportunity to significantly reduce our operating costs and accelerate the collection of cash from operations as we refocus our efforts on the energy business. This transaction keeps intact the exceptional GIS expertise and capabilities that reside within the Wisconsin base of operations and enables RAMTeCH to maintain the high-quality service ASI’s current and former GIS customers have come to expect.”
ASI will retain assets associated with its San Antonio corporate headquarters and certain contracts, which include the Puerto Rico Electric Power Authority (PREPA) and pole inspection software and services contract with Utility Pole Technologies, Inc. (UPT) a division of Asplundh Tree Expert Company.
Analytical Surveys Inc.
Analytical Surveys Inc. (ASI), formerly a provider of utility-industry data collection, creation and management services for the GIS markets has recently transitioned its focus toward the development of oil and gas opportunities. ASI’s Energy Division is focused on expansion into high-quality exploratory and developmental drilling opportunities and purchases of proven reserves with upside potential attributable to behind-pipe reserves, infill drilling, deeper reservoirs and field extension opportunities. ASI is headquartered in San Antonio, Texas, For more information, visit: http://www.anlt.com and http://www.asienergy.com.
RAMTeCH, headquartered in New Delhi, India, provides Information Technology Outsourcing services to the global market, with prime emphasis on CAD/GIS Services. http://www.ramtech-corp.com