Alliance Increases Stake in Showcase & Invests in La Fete Group.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing , Ontario--(BUSINESS WIRE)--Jan. 13, 1997-- Showcase Holding Increased to 75% & 20% Equity Established in La Fete Group Alliance Communications Corp. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. .A, AAC.B Nasdaq: ALLIF) has completed the acquisition from several shareholders of a further 20% interest in Showcase Television. The selling shareholders included Les Productions La Fete -- the Quebec-based entertainment company led by Rock Demers Demers is a surname, and may refer to:
"Once the CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column awarded Alliance the license to launch The History and Entertainment network last September September: see month. , we embarked on a strategy to consolidate our holdings in Showcase aiming for eventual full ownership. That is the way in which we can maximize the operating economies of two sister broadcast services," said Robert Lantos, Chairman and Chief Executive Officer of Alliance Communications. Alliance and the La Fete Group also announced that Alliance has acquired a 20% equity interest in La Fete, establishing a strategic relationship between the two companies. "We welcome Alliance as a partner and look forward to taking advantage of our respective strengths to our mutual benefit," said Rock Demers, Chairman and Chief Executive Officer of La Fete. Alliance Communications Corporation is a worldwide entertainment company. Headquartered in Toronto with offices in Montreal, Vancouver, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Paris and Shannon, Alliance shares trade in Toronto and Montreal under AAC and on the Nasdaq exchange under the symbol ALLIF. The La Fete Group, actually formed by Productions La Fete, Distributions La Fete, Editions La Fete and the recent acquisition of Mediamax International, is a film entertainment company operating world wide with a prestigious trademark associated with high quality non-violent family productions. CONTACT: Alliance Communications Corp. George Burger, 416/967-1174 or Morgen-Walke Associates Andrea Kaimowitz, 212/850-5600 or Karen Goulet, 416/777-6711 |
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