EXHIBIT 10.1
FOR IMMEDIATE RELEASE
NDC AUTOMATION, INC.
ANNOUNCES SIGNING OF AGREEMENT TO SELL BUILDING
Charlotte, NC, December 13, 2000, NDC Automation, Inc. (OTC Bulletin
Board "AGVS.OB") www.ndca.com announces it entered into an agreement to sell its
building for $1.6 million, located at 3101 Latrobe Drive, Charlotte, NC. The
sale is should be completed and closed in March 2001, subject to satisfaction of
certain conditions in the sales agreement. The sale should generate a gain of
approximately $600,000. Proceeds from the sale will be used to pay existing debt
on the building secured by the building as well as other Company obligations.
" After the sale the Company intends to move its staff, as well
as its testing & manufacturing operations to a single location. We believe we
will obtain greater efficiencies and reduce cost by combining all operations
under one roof." says Claude Imbleau, Chief Operating Officer, of NDCA.
NDC Automation, Inc. provides an integrated package of controls
technology and related products for creating and servicing Automatic Guided
Vehicle Systems (AGVS). Additionally, NDCA provides turnkey AGVS solutions to
end-users and to system integrators. NDC's controls, hardware and software, are
designed for optimal flexibility and accuracy and are well suited for a broad
range of vehicle types.
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities and
Exchange Act of 1934. Actual results and the timing of certain events could
differ materially from those set forth in the forward-looking statements.
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For further information contact:
Claude Imbleau, Chief Operating Officer, CFO
704/362-1115
