Arthur L. Smith, president, announces 21 million common shares returned to the company by shareholders who received their stock in conjunction with acquisition of Supercrete N/A Ltd. Jan. 22, 1996.BURLINGTON Burlington, town, Canada Burlington, town (1991 pop. 129,575), SE Ont., Canada, on Lake Ontario. First settled (1798) by Mohawk Loyalist Joseph Brandt, Burlington's economy was built on the shipment of wheat, lumber, and quarried rock by waterway. , Ontario--(BUSINESS WIRE)--Jan. 22, 1996--Arthur L. Smith, president of Stratford Acquisition Corp. Monday announced that 21 million shares of the company's common stock was returned to the company by nine shareholders who received their stock in conjunction with the company's acquisition of Supercrete N/A Ltd. The shareholders surrendered their stock in exchange for 84,000 pounds of the company's product valued at $25 per lb. The total transaction is valued at $2.1 million. The surrender of the 21 million shares reduces the total number of outstanding shares to 7,545,700. The company owns the worldwide rights to a revolutionary cost effective concrete additive additive In foods, any of various chemical substances added to produce desirable effects. Additives include such substances as artificial or natural colourings and flavourings; stabilizers, emulsifiers, and thickeners; preservatives and humectants (moisture-retainers); and . Concrete made with this additive has phenomenal properties at a highly competitive cost. The product is sold under license and two licensing agreements have been completed for the U.S.A. and for Canada. The licensees report that concrete products made with the additive are of higher quality and less expensive than existing concrete products. The company's common stock is traded on the Bulletin Board operated by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. Inc. under the symbol SFDA SFDA State Food and Drug Administration (China) SFDA Saudi Food & Drug Authority . Dated this 22nd day of January, 1996. For further information, contact: -0- Arthur Smith Arthur Smith is a name shared by several people:
CONTACT: Stratford Acquisition Corp., Burlington Arthur Smith, 905/319-6411, Fax: 905/319-6414 |
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