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August 3, 1987

AK SYSTEMS BUYS IBEX COMPUTER’S ASSETS

By CBR Staff Writer

AK Systems, newly formed in Chatsworth, California, has bought the assets of magnetic tape drive manufacturer Ibex Computer Corp, which has been operating under Chapter XI bankruptcy protection since March 1986: the assets were bought from First Interstate Bank, which foreclosed on the Ibex assets last month, but AK intends to make the Ibex Mainstreamer nine-track tape drive for mainframes, minis and micros the core of its product line; chairman and chief executive of AK is Harold Kurth, who founded and built up Pertec Computer Corp in the mid-1960s, leaving it in 1972.

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