DMI of Irvine Agrees to Merge in Stock Swap With Unicomp

DMI Inc., which develops electronic document imaging and storage systems, said it has agreed to merge with Unicomp Inc., a privately held computer supply and service company.

Under the terms of the agreement, shareholders of Santa Ana-based Unicomp will exchange their holdings for a 60% stake in Irvine-based DMI. The remaining 40% will be retained by existing DMI shareholders. The deal is expected to close in January.

Duncan Mac Donald, president of DMI, said the two companies have an overlapping customer base, and that the merger is designed to boost DMI’s revenue stream while giving Unicomp access to public stock markets.

DMI, which is traded over the counter, reported a loss of $343,000 on sales of $147,000 during the first six months of 1995, after posting a loss of $1.4 million on sales of $400,000 in 1994.