BNB Changes Name to Allwest Systems.DENVER--(BUSINESS WIRE)--March 20, 1998-- Allwest Poised for Nationwide Expansion in Life Safety and Security Systems for Commercial, Private Institutions Management Sets Sights on Lucrative Correctional Facilities Market BNB BNB Bed 'n Breakfast BNB Banco do Nordeste do Brasil (Brazil) BNB Banque Nationale de Belgique BNB Bulgarian National Bank BNB British National Bibliography BNB Bad News Bears (movie) Company Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BNBE) announced Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant that it has changed the company name to Allwest Systems International Inc. The company's new stock symbol which also reflects that change is AWTE. Management of Allwest has formally assumed control of the company. Allwest was recently acquired by BNB, and provides integrated life safety systems, including fire, security and sound systems, to commercial and public facilities such as hospitals, schools, prisons and military bases. Management's current plans include building upon its existing reputation to take advantage of a major growth trend in the correctional facilities market. Management anticipates gross revenues of $14,743,271 with earnings of $782,461 for FY ending 3-31-99, and gross revenues of $19,611,261 with earnings of $1,159,830 for FY ending 3-31-00. Allwest established operations in 1953 and has since diversified diversified (di·verˑ·s and expanded and now offers a complete array of specialty electronic systems to commercial and industrial facilities mainly in Colorado and Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . Allwest has the technical capabilities to integrate its comprehensive line of specialty electronic products with state of the art service and maintenance programs. These systems are required by national safety codes in most high-rise buildings high-rise building Multistory building taller than the maximum height people are willing to walk up, thus requiring vertical mechanical transportation. The introduction of safe passenger elevators made practical the erection of buildings more than four or five stories tall. , airports, correctional facilities, hospitals, schools and universities, hotels, power plants, military institutions and other similar facilities. CONTACT: Lynne Sifford 305/856-5668 |
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