Dictaphone announces sale of EMS division to Bulova Technologies LLC

Continues company's strategy to focus resources on core healthcare IT market

Dictaphone Corporation announced the sale of its Electronic Manufacturing Systems (EMS) Division to Bulova Technologies LLC. Dictaphone EMS will be acquired through a wholly owned subsidiary, Bulova Technologies EMS LLC.

Dictaphone EMS is located in Melbourne, Florida, and is engaged in the contract manufacturing of sophisticated electronic products for a variety of well-known companies. EMS currently employs approximately 340 employees.

Stephen L. Gurba, President and Chief Executive Officer of Bulova Technologies LLC, said that the two organizations provide a natural complement for each other. EMS complements Bulova Technologies' core strength in contract manufacturing and provides additional depth of management. Each organization should benefit by the broadening of experience and the introduction of new customers.

Dictaphone's sale of the Electronic Manufacturing Services (EMS) Division unit is part of its continuing strategy to create a company focused principally on the healthcare information technology market. The sale of the Electronic Manufacturing Services (EMS) Division follows the company's recent divestiture of its CRS Communications Recording Systems business, which involved the assembly of more hardware-intensive communications recording systems within the company's EMS facility.

"The sale of our Electronic Manufacturing Services (EMS) Division continues our strategy to focus on speech recognition and related voice and data technologies within the healthcare IT market, where we have experienced strong growth and developed an industry-leading product portfolio," said Rob Schwager, Chairman and Chief Executive Officer, Dictaphone Corporation. "I am pleased that our Electronic Manufacturing Services (EMS) Division has found a good home with an industry leader such as Bulova Technologies."