Bitwise Designs Inc, which builds portable document scanners in Rotterdam, New York, signed a letter of intent to acquire System Solutions Technology Inc for 425,000 shares: System Solutions will have the right to designate a director to the board; the combined revenues of the firm, System Solutions and Electrograph Systems Inc, which the company has proposed to acquire for 333,333 shares, would be $21m in fiscal 1994; the two acquisitions depend on a successful offering by Bitwise of 1m shares next quarter.