Agreement in Principle Reached to Acquire Technocall.Business Editors/Technology Writers LAS VEGAS--(BUSINESS WIRE)--Nov. 18, 2001 BURRARD TECHNOLOGIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (the "Company")(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTGS BTGS British Telecom Global Services ) announces that it has reached an agreement in principal to acquire 100% of the issued and outstanding shares of Technocall SA in consideration of the issuance of 7.6 million restricted shares of the Company's common stock. The acquisition is subject to the completion of a definitive acquisition agreement and customary due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. that are anticipated to be concluded in the next few days. Technocall SA is a Swiss company incorporated in 1992 whose primary business is research and development of electronic devices. It has developed and manufactured a smart chip designed to manage and control water treatment systems called the e-BI. (Electronic Intelligent Management Module). This proprietary technology is currently in use in water treatment systems around the world by a European water treatment company. The Company intends to hold a shareholder's meeting to approve a change of its corporate name to "Blue Industries, Inc." in connection with the acquisition of Technocall SA and to approve other corporate matters. The Company encourages all shareholders to register their shares in order that shareholders can receive timely information regarding the meeting. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1955: This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations ,beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward- looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. |
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