BRIO INDUSTRIES INC. expands Western Canada distribution business.VANCOUVER, B.C.--(BUSINESS WIRE)-- Jan. 9, 1997--BRIO INDUSTRIES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BRIOF) today announced that its Daytimer Distributors subsidiary, headquartered in Calgary, Alberta, is expanding its operations into Northern Alberta Norhern Alberta is a region located in the Canadian province of Alberta. Its primary industry is oil and gas, with large heavy oil reserves being exploited at the Athabasca Oil Sands and Wabasca Area in the east of the region. . This move is made in response to strong customer demand and will be accomplished by establishing a new distribution facility within Brio's existing Edmonton operations. The opening of the facility which will take place on February 3, 1997, is the first stage of a major expansion by Daytimer throughout Western Canada
Western Canada, commonly referred to as the West . The facility will distribute a wide variety of juices, new age beverages and waters for direct store delivery to convenience stores and other retail outlets in Northern Alberta. The Company estimates that this expansion will provide an additional $4 million in revenue to Brio (Brio Technology, Palo Alto, CA, www.brio.com) A software company founded in 1989 and acquired by Hyperion Solutions Corporation in 2003 that specialized in enterprise analysis and reporting programs that run on several platforms. during its 1997 fiscal year, ending February 28, 1998. This represents an approximately 60% increase over Daytimer's fiscal 1996 revenues, which will approximate $6.5 million. Brio's Chairman and C.E.O., Ralph D. McRae, said, "This expansion will increase our revenue base, add to profitability, and extend the reach of our distribution system, all without any material investment in overhead or capital, given the presence of our other operations and facilities in Edmonton. This is an important step in the growth of our distribution business. The Company will continue to pursue other expansion opportunities as they arise." Brio and its subsidiaries are engaged in the packaging and distribution of juices, water and new age beverages in Western Canada and into the Northwestern United States Noun 1. northwestern United States - the northwestern region of the United States Northwest western United States, West - the region of the United States lying to the west of the Mississippi River . Note: All dollar amounts are expressed in Canadian dollars. BRIO INDUSTRIES INC. Per: Ralph D. McRae, Chairman and C.E.O. CONTACT: Joel Kallner Stan Altschuler/Richard Cooper BRIO Industries Inc. Strategic Growth International Inc. (604) 574-9220 (516) 829-7111 |
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