Advanced Technology Industries, Inc. and Eurotech, Ltd. Reach Agreement on Share Purchase.Business Editors BERLIN--(BUSINESS WIRE)--July 12, 2000 Advanced Technology Industries, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVDI) ("ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ") has completed a transaction with Eurotech, Ltd. (OTCBB:EURO) ("Eurotech") in which ATI has sold to Eurotech 500,000 shares of Eurotech stock for a price of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $2.70 per share. ATI further repaid USD$350,000 owed to Eurotech, due in September 2000, under a previously existing technology purchase agreement. ATI plans to use the funds for operational purposes and for the identification and acquisition of additional technologies. ATI continues to own 1,500,000 shares of Eurotech common stock and a 2% overriding (programming) overriding - Redefining in a child class a method or function member defined in a parent class. Not to be confused with "overloading". royalty on revenues generated from the sale and service of EKOR. ATI is a diversified diversified (di·verˑ·s technology holding company focused on the acquisition and commercialization of new or previously existing but non-commercialized technologies particularly those developed by scientists and engineers in Russia, Israel, Germany and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This press release may contain statements that are "Forward Looking Statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amending. Those statements, among other things, include the discussions of future agreements, joint ventures or public offerings. Although ATI believes that the expectations reflected in the Forward Looking Statements are reasonable, management can give no assurance that such expectations will prove to have been correct. Although not always the case, Forward Looking Statements can be identified by the use of words such as "believes", "expects", "intends", "projects", "anticipates", "contemplates", or "estimates". |
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