Adventure Electronics Inc. Sells its Interest in Communications Informatiques Trilan Canada Inc.MONTREAL--(BUSINESS WIRE)--July 8, 1997--Adventure Electronics Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ;ME AVN AVN Aviation AVN Avenue AVN Adult Video News AVN Avascular Necrosis AVN Atrioventricular Node AVN Aviation Model (weather forecast model, now Global Forecast System) AVN Air Vanuatu (ICAO code) ) announced today that it has sold its 50 per cent interest in Communications Informatiques Trilan Canada Inc. All the shares held by Adventure Electronics Inc. were sold to Claremont Technology Canada Inc., a subsidiary of the publicly traded American Company Claremont Inc. (listed as CLMT on the Nasdaq). The transaction results from efforts by Trilan to penetrate the growing Intranet and Internet markets notably with a concentration on Web sites creation, thereby focusing less on individual consumer market. Claremont Technology Canada Inc. is an information technology firm specializing in the development of software for the retail, communications and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Adventure Electronics Inc. sells computer products at its retail outlets and offers consumers and businesses, hardware, software and accessible technical assistance by telephone. In addition, the Company's inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ in the commercial and institutionnal domain have demonstrated that the Canadian market for integrated computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. provides interesting business opportunities. As a consequence, the Company is actually envisaging other options wich allow it to offer integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. to owner managed enterprises and self employed individuals. Adventure Electronics Inc. is the largest retailer of consumer electronic products in Quebec and the second largest in Ontario. With a network of 154 retail outlets, sales total almost $ 300 million. CONTACT: Adventure Electronics Inc. Alain Kessous, 514/ 352-5000 or Claremont Technology Canada Inc. Nigel Penney, 514/ 849-2011 |
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