AJA Merchant Banking Corp. Completion of AFL Acquisition.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 28, 1998--AJA Merchant Banking(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AJBC AJBC American Junior Bowling Congress (now Young American Bowling Alliance) ) The Board of Directors of AJBC announce that they have completed their acquisition of Advanced Flex, Inc. subject to a formal purchase agreement signed on July 24,1998 which outlines certain terms and conditions for the payment of the acquisition as previously announced. AJBC will now be in the process of performing its necessary documentation for its application to a fully reporting status on the NASDOTCBB. In addition, the company will also be making its application for listing on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on small cap market upon the completion of certain subsequent financing events required as part of the formal purchase agreement. AFI AFI American Film Institute AFI Awaiting Further Instructions AFI Armed Forces Insurance AFI A Fire Inside (band) AFI Air Force Instruction AFI Australian Film Institute AFI Agencia Federal de Investigación is a corporation that manufactures printed circuit board products that are supplied on a custom-build basis to the electronics industry. AFI has been a privately owned corporation for the past 25 years and currently maintains yearly revenues averaging approximately $30 million insales. Itcurrently maintains its operations in a state of the art 61,060 sq. ft. production facility and 30,000 sq. ft. research and development facility in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. . The company is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified See certification. and participates in a $28.8 billion world-wide market for printed circuit boards. Their products are assembled into end-products such as: medical and scientific test and application devices; telecommunication hardware such as telephones, cellular phones and paging systems; satellite data transmission hardware and navigation equipment; and computer hardware devices such as motherboards, mainframes, board level processors, printers, terminals, and network related equipment. This press release may contain forward looking statements that involve risks and uncertainties which could cause the actual results to differ materially from those intended or anticipated by the company. Note to Editors: No Stock Exchange has approved or disapproved the information contained herein.
CONTACT: AJA Merchant Banking Corporation, 604/602-9886
604/602-9808 (FAX)
E-mail: aalda@paralynx.com
Sites: Yahoo -- Finance or http://www.aja.com
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion