AQM adds 70 new sales reps by acquiring U.S.-based sales and marketing organization.TORONTO--(BUSINESS WIRE)--March 21, 1995--AQM Automotive Corporation (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 :AQM AQM Active Queue Management AQM Air Quality Management AQM Acquisition Management AQM Assistant Quartermaster (Civil War) AQM Additive Quark Model AQM Analog Quadrature Modulator AQM Acenaphthenequinone Monoxime .AF) (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AQV AQV Anticoncepcion Quirurgica Voluntaria (voluntary surgical contraception) ) (the "Corporation") today announced that it had acquired an automotive aftermarket sales and marketing organization based in Atlanta, Georgia. The new organization will add 70 independent commission sales representatives to the present sales force and will extend the corporation's market penetration into 50 states within the USA. Leslie Leib, Chairman of AQM stated that these new representatives will compliment existing marketing programs and will enable the corporation to meet or exceed its sales growth targets for fiscal 1995. The new sales and marketing organization was acquired from Max Wagerman III via the issuance of 233,333 common shares from Treasury and the advance to him of U.S. $114,286, in the form of a secured personal loan, to acquire 266,667 additional common shares. Wagerman, a Georgia resident, with substantial sales and marketing experience in the automotive aftermarket, will stay on as Vice President, Sales and Marketing. He will spearhead the drive to expand existing markets and to open new markets for the corporation's products in both the United States and Latin America. AQM Automotive Corporation, through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. G.K. Industries Ltd and Filtronic Filter Manufacturing Ltd., is one of the largest companies of its kind in North America. It manufactures and distributes automotive fuel filters, breather elements, automatic transmission filter kits and air filters, exclusively to the automotive aftermarket and numbers among its clients some of the largest automotive parts suppliers, distributors and retailers in Canada, the USA, Mexico and Latin America. -0- NOTE: The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved of the information contained herein. CONTACT: AQM Automotive Corporation Gary Perkins, 905/479-2800 or 905/479-8608 (fax) |
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