AZCAR Awarded $US2.6M Digital Radio Facility Contract by AFRTS.CANONSBURG, Pa. -- Stephen Pumple, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , AZCAR Technologies Incorporated (TSX:AZZ), is pleased to announce that the American Forces Radio and Television Service (AFRTS AFRTS Armed Forces Radio & Television Service (US DOD) AFRTS American Forces Radio & Television Service ) has selected AZCAR USA Inc., to provide a turnkey Digital Radio Automation System with modular Digital Audio Routing Subsystem for the new AFRTS Digital Radio Facility at the Defence Media Center at March Air Force Base (ARB), CA. The project is scheduled for completion in late 2005. The Digital Radio Automation System and Digital Audio Routing Subsystem will be capable or acquiring, routing, storing, managing, editing, scheduling and airing radio programming for 18 on-air format channels and 24 off-line recording channels with future expansion capabilities to 24 on-air and 30 recording channels. After reviewing several competing proposals submitted in response to its RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. , the AFRTS selected the AZCAR technical solution because it offered the best value for its Digital Radio Facility and allowed for future growth of the AFRTS radio operations. AZCAR has subcontracted key software and hardware components of the Automation and Routing systems to OMT (Object Modeling Technique) An object-oriented analysis and design method developed by James Rumbaugh. See Rational Rose. OMT - Object Modelling Technique Technologies Inc. and Sierra Automated Systems. "This project is an example of AZCAR's unique ability to assemble the right project team of key technology suppliers and subcontractors in developing an innovative turnkey solution to a challenging and complex project," said Pumple, "and confirms that AZCAR can provide clients a wide range of services and support as and when they need it. We are encouraged by the confidence AFRTS has placed with AZCAR and its team in this important project" OMT's CEO Scott Farr commented "AZCAR and OMT have worked closely together on several other large projects and bring unparalleled experience together on this project which will enable us to move this project forward as effectively as is possible." AZCAR is an independent technology integration company providing the broadcast and media technology sectors with innovative and value driven solutions. 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. OMT Technologies Inc., a wholly owned subsidiary 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. of OMT Inc. traded on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol OMT, provides software and broadcast technology solutions to the international radio broadcast industry with the iMediaTouch product suite. This review contains management's discussion of the AZCAR's operations.It should be read with the audited consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge for the year ended December 31, 2004. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. AZCAR Technologies Incorporated (TSX:AZZ) |
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