Andaurex Announces Distribution Agreement.TORONTO--(BUSINESS WIRE)--July 18, 1997--(VSE See DOS/VSE. VSE - Virtual Storage Extended AWX AWX All Weather Fighter .) Andaurex Industries Inc. today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Provincial International Cranes Inc., has signed an exclusive agreement to distribute the products of ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. Ateliers de la Chaninette SA of Parthenay Cedex, France in both Canada and Malaysia. ADC is a major international manufacturer, whose products include a standard line of small, high-quality hoists. Gregory B. Bowes, Andaurex President, said the ADC line will complement Provincial's existing custom crane business by expanding the Company's product offerings. Provincial will also improve its price competitiveness by incorporating ADC hoists into its larger crane designs. In addition, the distribution agreement will provide Provincial with a source of components and complimentary products for its joint venture in Malaysia which is being set up to produce and sell hoists and cranes in South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. . Andaurex is a rapidly growing knowledge based company that is successfully exporting Canadian engineering, design and project management expertise to developing countries and emerging markets. The Company's shares trade on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). under the symbol AWX. CONTACT: Andaurex Industries Inc. Gregory B. Bowes, 905/470-0104 or Hume, Kieran Inc. Marla Gale, 416/868-1079 or Hume, Kieran Inc. Cathy Hume, 416/868-1079 |
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