Alta Genetics Inc. Announces Purchase of Common Shares.CALGARY, ALBERTA--(BUSINESS WIRE)--April 22, 1997--Alta (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). AGI (Artificial General Intelligence) A machine intelligence that resembles that of a human being. Considered impossible by many, most artificial intelligence (AI) research, projects and products deal with specific applications such as industrial robots, playing chess, .) Alta Genetics Inc. ("AGI") announced that Mr. Douglas G. Blair, president and chief executive officer of AGI, purchased 93,300 common shares of AGI through a series of purchases between April 11 and April 22, 1997 by way of the facilities of The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Mr. Blair now holds 500,500 (approximately 10.0 percent) of the outstanding common shares of AGI. Mr. Blair acquired the securities for investment and intends to make future purchases of common shares of AGI through the facilities of The Toronto Stock Exchange from time to time. Alta Genetics is engaged in the production, research and marketing of products and services based on cattle genetics. The company specializes in bull semen semen or seminal fluid Whitish viscous fluid emitted from the male reproductive tract that contains sperm and liquids (seminal plasma) that help keep them viable. , cow embryos, live cattle, and reproductive technologies Reproductive technology is a term for all current and anticipated uses of technology in human and animal reproduction, including assisted reproductive technology, contraception and others. . Research is focused on the application of technology to maintain the company's worldwide reputation for quality genetics. About half of the company's 1996 revenues were derived from products exported to over 50 countries. Common shares of Alta Genetics Inc. trade on The Toronto Stock Exchange under the symbol "AGI". CONTACT: Alta Genetics Inc. Douglas G. Blair, 403/239-8882 403/241-4524 (FAX) or Alta Genetics Inc. Donald B. Dufault, 403/226-4238 403/226-4259 (FAX) |
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