98 MAI -
[Cached Version]
Published on: 4/1/1998
Last Visited: 12/26/2002
Owen Daley (media)714/957-8440
MAI Systems In Process Of Establishing Separate Hospitality Corporation
Irvine, CA (April 1, 1998)... MAI Systems Corporation (AMEX:NOW) announced today that it is in the process of separating its various businesses, both operationally and financially, for the principal purpose of establishing its hospitality division, one of the market leaders in the area of software for the lodging and hospitality industry worldwide, as a separate corporation named Hotel Information Systems, Inc. (HIS).The Company is also considering various ways of enhancing the value of HIS and, to that end, has explored with various investment banks the possibility of establishing HIS as a publicly-traded company.