AZCAR Announces $1.25 Million Private Placement, Adds New Member To Board Of Directors.Business Editors MARKHAM, Ontario--(BUSINESS WIRE)--Aug. 16, 2000 Stephen Pumple, Chairman and C.E.O. for AZCAR Technologies Incorporated (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AZZ.) announced today that the company has negotiated a $1.25 million private placement of common shares and has agreed to appoint Mr. J.M.R. Berardo to its Board of Directors, subject to regulatory approval. Terms of the private placement involves the issuing of 500,000 units at a value of $2.25 per unit for a total value of $1.25 million. Each unit will consist of one common share in the capital of AZCAR together with a warrant to purchase one additional common share at a price of $2.75 per share at any time for a period of 24 months following the date of the private placement. Said Stephen Pumple: "We are delighted to have Joe Berardo José Manuel Rodrigues Berardo, GCIH, most commonly known as Joe Berardo, (born July 4, 1944, in Madeira, Portugal), is a Portuguese businessman, stock investor and speculator. join our Board and become a major shareholder in AZCAR. Mr. Berardo will be instrumental in helping AZCAR to expand its operations in Europe particularly in the area of supporting the broadcast, communications and new media industry with comprehensive media asset management technologies. Mr. Berardo has a distinguished background and has held major investments in European broadcasting and communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . He currently is a major shareholder in companies in the cable and wireless side of the broadcast industry. His participation with AZCAR is consistent with the AZCAR's strategic plan to expand it's resources and implement play out centres in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and abroad." Mr Berardo commented "I am impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with AZCAR'S current business strategy and I believe that AZCAR has a real vision of the future. I am pleased to have the opportunity to participate with AZCAR as they move forward and implement their vision." AZCAR is the largest independent systems integration company providing the broadcast and communications industries communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. with systems design, integration, and project management as well as delivering full-enterprise solutions for managing media assets and serving as an applications systems provider (ASP). The stock trades on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol: AZZ. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. |
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