Dataram Acquires Micro Memory Bank

Dataram Corporation announced the acquisition of Micro Memory Bank, Inc. (MMB), a memory module company offering legacy to advanced solutions in laptop, desktop and server memory products.

John Freeman, President and CEO said: “This is another step in our growth strategy announced in 2008 which described acquisitions, licensing, partnering and internal development as the basis of our growth plans. This acquisition supports growth in the Company’s memory business while also increasing diversification by adding new products and new routes to market. In early Fall the company also expects to announce initial products as a result of our ongoing internal development programs.”

MMB, a manufacturer of legacy, industry standard and proprietary memory modules, is headed by David S. Sheerr. Mr. Sheerr has accumulated extensive experience in this industry since entering it in 1989. In 1994, Mr. Sheerr started Micro Memory Bank, Inc. (MMB), located just outside of Philadelphia. Initially MMB was engaged predominately in brokering DRAM and processors. In 1995 the company migrated to a memory module manufacturer producing JEDEC compliant SIMMS and DIMMS.

From 1996 on, MMB transitioned away from processors and focused exclusively on memory, including proprietary, application specific and private label products. MMB has been an active JEDEC member since 2000. In 2001 the company expanded to an 18,000 square foot facility and moved its operations to Montgomeryville, PA. To further their market penetration, the company became ISO 9001:2000 certified in 2003. In 2006, the company experienced significant growth by launching two end user online retail stores, www.memorystore.com and www.18004memory.com.

Today, MMB and its affiliate online retail operations procure and sell memory for laptops, desktops and servers. The company maintains a particular niche in legacy memory products by being one of the few companies in the industry that carries and stocks virtually every memory upgrade ever made. That includes technologies such as FPM, EDO, SDRAM, DDR, as well as cutting edge DDR2 and DDR3 products for notebooks, PCs and servers. MMB also sells MMB also sells memory products for a wide range of consumer oriented devices including significant business in Apple-Mac memory.

Mr. Freeman continued: “This acquisition is an important part of our strategy to expand and grow our Memory Solutions business. It positions Dataram with a more comprehensive product set to offer our customers and continues our strategy to grow our memory solutions business. David Sheerr is the third executive to join Dataram in the past 12 months who has had previous experience as the president of a company. David’s entrepreneurial skills and business success in our industry are valuable additions to our executive team.”

Regarding the acquisition, Mr. Sheerr commented: “The products and capabilities of MMB and Dataram will nicely compliment each other. The new company will have expanded routes to market through e-tail and web stores. We now have an expanded product line of legacy products, pc’s, notebooks, Apple, and RAM memory upgrades immediately offering our clients a broader range of price/performance.”