Microlog Corp. of Germantown entered an agreement to acquire California-based Genesis Electronics Corp., which manufactures and markets voice mail systems and software, for 675,000 shares of Microlog common stock and $500,000 in cash, less certain adjustments.
Genesis had revenue in the fiscal year ended June 30 of $9.5 million, compared with Microlog's revenue of $15.5 million last year.
Microlog designs, assembles, markets and services voice-processing systems with a variety of applications.
Signet Banking Corp. of Richmond purchased a check-processing system from Unisys Corp. of Blue Bell, Pa., to eliminate physical handling of checks and other items. The purchase price was $7.5 million.
Signet, which Computerworld magazine recently named as a leading user of information technology, is the fifth major U.S. bank to purchase the Unisys system. It will be added to Signet's current processing system, which processes 1.9 million items a day.
Automotive Industries Inc., a Strasburg, Va.-based auto parts maker, plans to open a second plant in Covington, Va., that will employ about 100 people.
The company said it plans to spend more than $1.5 million for a metal building for the manufacture of arm rests for Ford Motor Co. and General Motors Corp. vehicles. Its other Virginia plant employs 200 people and makes door parts for the Ford Explorer. The company operates six other plants in North America.
American Management Systems Inc. of Arlington was authorized by its board of directors to buy up to 200,000 shares of its common stock through open market and negotiated purchases. The company plans to repurchase the stock to offset the increase in the number of available shares as a result of initiating a stock option plan.
USTravel Systems Inc. of Washington acquired Cincinnati-based Mercury Travel, which had $15 million in annual revenue last year. Terms were not disclosed.
Ogden/ERC Government Systems of Fairfax, a subsidiary of Ogden Corp. of New York, was awarded a contract by the State of Texas to produce an automated information system for its Special Supplemental Food Program for Women, Infants and Children. The 14-month contract is valued at $650,000.
Pragma Systems Corp. of Falls Church was selected by the federally funded Software Engineering Institute at Carnegie-Mellon University in Pittsburgh to provide software process assessment and improvement services nationwide.
GTE Spacenet of McLean was awarded a contract by Gannett Broadcasting of Arlington for satellite news-gathering and news-distribution services. Terms were not disclosed.
Business Information Technologies of Silver Spring was awarded a $275,000 contract to implement a local area network for the Department of Surgery at Georgetown University Hospital.
The International Network for Women in Enterprise and Trade opened in McLean.
Denver-Spectrum Human Resource Systems Corp. of Denver opened a regional sales and support office in Calverton, Md.
The Washington office of DDB Needham Worldwide Inc. of McLean began offering computer graphic design services.
DCA Publishing Inc. of Rockville was chosen to be the associate publisher and owner of the Washington area edition of the Wedding Guide, an internationally syndicated bridal publication.
Shoppers Express of Bethesda began offering its services through Safeway stores in Denver.
US Business Interiors, a Steelcase/Stow & Davis office furniture dealership, opened in Lanham.
LBA Ltd. of Fairfax, a civil engineering, surveying and landscape architectural firm, opened an office in Culpeper, Va.
The Columbia-Freestate Health System of Owings Mills, Md., announced plans to extend its health-maintenance organization network into Frederick County.
GBS Corp., which provides financial management and business counseling to small businesses, moved its headquarters from Germantown to Columbia, Md.
Announcements of news and developments affecting Washington area companies should be sent to Regional Report, Business News Department, The Washington Post, 1150 15th St. NW, Washington, D.C. 20071.