Lionel Singer Corp Pty Ltd of Sydney is a very popular Australian representative for young American companies because it flatters each of them by setting up a subsidiary bearing their name, so that Pyramid Technology Australia, founded in 1984 (CI No 10) is actually wholly-owned by Lionel Singer – he spotted Sun Microsystems in 1984 too, setting up Sun Computers of Australia on Sun’s behalf: now Pyramid Technology Corp wants to take its fate Down Under into its own hands, and has reached agreement in principle with Lionel Singer Australia, to assume responsibility for business operations and to acquire some of the assets of Pyramid Technology Australia, which will be organised as a wholly-owned subsidiary of Pyramid Technology Corp; no financial details of the pact were disclosed.
