BCB reduces exercise price on warrants and effects financing.MARKHAM, Ontario--(BUSINESS WIRE)--May 7, 1997--Ken Murton, President of BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band Holdings Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BIV BIV Bivouac BiV Biventricular BIV Bovine Immunodeficiency Virus BIV Built-in Variable (plumbing) ) announced today that, with approval of the Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). , the Company has reduced the exercise price on 6,540,000 share purchase warrants from $0.40 to $0.35 per share for exercise no later than May 15, 1997. Each warrant entitles the holder to purchase one share at $0.35 until the close of business on May 15, 1997 and thereafter at $0.40 until August 31, 1997. Murton also advised that 2,000,000 of these warrants have been exercised at the new exercise price of $0.35 by one institutional holder and that other warrant holders are now considering exercising their warrants. He added, "The first order has just been received for 550 units of BCB's new voice compression Same as speech compression. soundcard, NetBoard, plus the related software suite of business audio functions, PC Talk, from one stock brokerage firm in Korea through BCB's distributor in that country. We also are experiencing growing awareness and demand for our COURTROOM-DART product from the USA and we expect to announce, shortly, a new marketing alliance predicated on our PC-DART digital dictation Digital dictation is a method of recording and editing the spoken word in real-time within a digital audio format. Digital dictation offers several advantages over traditional cassette tape based dictation: "All of BCB's products are designed to merge the power of voice with the power of the computer. BCB stands for Better Communication in Business and these products offer software and hardware solutions, such as digital dictation and voice logging Voice logging or telephone recording, is the practice of regularly recording audio, usually in a business situation. Most commonly telephone lines or business radio channels are recorded. , to large business, institutional and governmental markets. The combination with Granville Research will enhance BCB's appeal to even broader markets." BCB and its operating subsidiaries are based in Markham, Ontario with Regional Marketing Managers in Canada, the USA and the UK. A dealer network for distribution of BCB products has been established in the USA, the UK, Canada and, now, is scheduled to expand to the Benelux countries and Australia. The Alberta Stock Exchange has neither approved nor disapproved the information herein CONTACT: BCB Holdings Inc. Peter Vanderlee, 905/ 948-8266 905/ 948-8276 (FAX) |
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