Amisco Expands Further Into U.S. Market.L'ILEST, Quebec--(BUSINESS WIRE)--June 17, 1998--Amisco (ME:IAC (1) (InterApplication Communications) The interprocess communications capability in the Macintosh starting with System 7.0. Many IAC events take place behind the scenes. .) Amisco Industries Ltd. today announced it has signed three major distribution agreements with important retail furniture chains in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The three include Rhodes Furniture, with 102 stores in the southeast U.S.; Raymour & Flanigan, the 23rd largest chain of furniture stores in the U.S.; and the 25th highest ranking chain, Jordan's Furniture  This article in sections 2 through 5 is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . . Amisco management estimates these new agreements will generate some $6 million in annual sales. "The addition of these three important clients is a significant step in reaching our objective to surpass the $50 million mark in sales for the year 2000. In addition, these new agreements mesh perfectly with our strategy to penetrate the U.S. market, efforts which will further intensify during the next 18 months," stated Amisco President, Martin Poitras. The anticipated strong revenue growth underlines the justification of Amisco's recent announcement to allocate between $8 million to $10 million for the expansion of its manufacturing facility from the current 100,000 square feet to 168,000 square feet. This 68 percent increase in size will double the company's production capacity, resulting in increased factory efficiencies and specifically, a modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of the paint and welding welding, process for joining separate pieces of metal in a continuous metallic bond. Cold-pressure welding is accomplished by the application of high pressure at room temperature; forge welding (forging) is done by means of hammering, with the addition of heat. departments. The expansion project will be financed through a combination of cash, cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and bank loans. Founded in 1954, Amisco Industries is a recognized North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. leader in the design and manufacture of painted tubular and steel sheet residential furniture. The company designs and manufactures over one hundred models of juvenile beds, adult beds, dining sets, chairs stools and home office furniture. The company employs over 240 people at its main facility in L'Islet, east of Quebec City.
CONTACT: Amisco Industries Ltd.
Mr. Martin Poitras, 418/247-5025
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