AZCAR Technologies Incorporated - Annual General Shareholders' Meeting.MARKHAM, Ontario--(BUSINESS WIRE)--June 19, 1998--Stephen Pumple, chairman and 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. of AZCAR Technologies Incorporated (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AZZ.), indicated at the Annual General Shareholders' Meeting today that estimated sales for the full year of 1998 were revised to $20 million, a projected increase of 15 percent over 1997. He went on to say, "Despite continuing delays in the market for the conversion to digital broadcasting, AZCAR will again increase sales levels this year through its efforts to widen its market focus and winning contracts in other market segments. We are pleased to announce contracts with ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. for the design and rebuild of a studio in Burbank, CA and for a Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 study for the Network in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , NY. A strategic business partnership has also been established with GTE, one of the world's largest telecommunications companies and a leading provider of integrated telecommunications services, to provide broadcast design and integration services." In other business at the meetingthe shareholdersreelected the incumbent directors and amended the stock option plan to increase the number of shares reserved under the plan and added a restriction on the number of shares that could be issued to insiders. The Company provides the broadcast and communications industries with systems design, integration, installation, project management and manufacturing services and trades on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. with the stock symbol: AZZ. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
CONTACT: Azcar Technologies Incorporated
Vic Hendrickson, 905/470-2545 ext. 244
vhendri@immad.com
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