3477240 Canada Inc. Announces the Acquisition of a Controlling Interest in Novamex USA Ltd.Business Editors & Health/Medical Writers BIOWIRE2K MONTREAL--(BW HealthWire)--May 10, 2002 Novamex USA Ltd (the "Company") (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets:NOVM) a development stage Company which develops and manufactures bacteria and virus detection kits mainly for non-clinical industry segments including the agri-food and veterinary veterinary /vet·er·i·nary/ (vet´er-i-nar?e) 1. pertaining to domestic animals and their diseases. 2. veterinarian. vet·er·i·nar·y adj. segments today announced that 3477240 Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of Inc., a holding company, has acquired approximately forty percent (40%) of the issued and outstanding shares of the Company. The terms of the transaction were not disclosed. This transaction will bring new financial resources as well as experience to the Company enabling Novamex Diagnostic Ltd., the Company's wholly-owned subsidiary to carry on the research and development of bacteria and virus detection kits mainly for non-clinical industry segments, as well as their commercialisation and distribution to the agri-food and veterinarian veterinarian /vet·er·i·nar·i·an/ (vet?er-i-nar´e-an) a person trained and authorized to practice veterinary medicine and surgery; a doctor of veterinary medicine. vet·er·i·nar·i·an n. industry. About the Company, Novamex USA Ltd is a development stage biotechnology company specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. in the development and manufacturing of rapid detection test kits mainly for non-clinical industry segments including the agri-food and veterinary segments. This release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. with respect to business plans, activities, prospects, opportunities and events anticipated or being pursued by the Company. The realization (specification) realization - A UML semantic relationship between a classifier that specifies a contract and another classifier that guarantees to carry it out. [Handout by Mr. David Gillibrand]. of the outcomes referred to in such statements involves a number of risks and uncertainties, including but not limited to: decisions, or the timing of decisions, made by third parties over which the Company has little or no control or influence; the level of interest of customers, employees, suppliers and investors in the Company and its markets, products and prospects; the availability of funding for customer purchases and financing for the Company; changes in economic and market conditions, industry standards, and government laws and regulations; as well as other risk factors detailed in the securities filings of the Company to which recipients of this release are referred for additional information concerning the Company and its prospects. |
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