Alta Genetics Inc. completes Altapon joint venture in Europe.CALGARY, Alberta--(BUSINESS WIRE)--Jan. 9, 1996--Douglas G. Blair, President of Alta Genetics Inc.(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, ), announced the completion of negotiations launching a new joint venture in Europe called Altapon VOF VOF Volume of Fluid VOF Vennootschap Onder Firma (Dutch) VOF Voice of Freedom VOF Voice of the Faithful VOF Observation Fighter Squadron (Navy unit designation used from 1942 to 1945) . Altapon began operations on Jan. 1, 1996. Previously announced negotiations with Koepon Genetics B.V. were successful and Altapon is now marketing the company's dairy semen in Holland, Belgium and Germany. Altapon plans to expand semen sales into other Northern European countries and will establish a European based Holstein breeding program A breeding program is the planned breeding of a group of animals or plants, usually involving at least several individuals and extending over several generations. Breeding programs are commonly employed in several fields where humans wish to manage the characteristics of their to complement these marketing activities. Altapon has established a very strong management team to develop its presence in the European market. The management team is composed of: Bartel Verbeek, Director Breeding Programs; Ronald van Giessen, Director of Production; and Andries Haveman, Commercial Director. This management team has many years experience in their respective areas of specialization in the Holland artificial insemination artificial insemination, technique involving the artificial injection of sperm-containing semen from a male into a female to cause pregnancy. Artificial insemination is often used in animals to multiply the possible offspring of a prized animal and for the breeding industry and abroad. Alta Genetics has entered into this 50/50 joint venture with Koepon, an agri-business group headquartered in the Netherlands. Koepon is involved internationally in dairy farming, dairy processing, artificial insemination, embryo and livestock exports, agriculture real estate and other agricultural related activities. Wijnand Pon, the principal of Koepon, is a highly respected businessman and dairyman dairyMAN a dairy computer program designed to aid dairy herd health and production management. Originates from Massey University, New Zealand. with dairy operations in four countries. This association, and the experienced leadership of the management team, is a strong base upon which to expand sales of dairy genetics in the European market. Alta Genetics is engaged in the production, research and marketing of products and services based on livestock genetics. The company specializes in bull semen, cow embryos, live cattle and reproductive technologies. Research is focused on the application of technology to maintain the company's world wide reputation for quality genetics. About 43 percent of the company's revenues were derived from products exported to over 50 countries. Common shares of Alta Genetics trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "AGI". CONTACT: Alta Genetics Inc., Calgary Douglas G. Blair, 403/239-8882, 403/241-4524 (fax) Donald B. Dufault, 403/226-0666, 403/226-4259 (fax) |
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