BTI Group elects new member to board.TORONTO--(BUSINESS WIRE)--Feb. 26, 1996--Battery Technologies (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BTI BTI Beverage Testing Institute BTI Boyce Thompson Institute BTI British American Tobacco (stock symbol) BTI Boston Theological Institute Bti Bacillus Thuringiensis Israelensis BTI BioTechnology Institute BTI Binding Tariff Information )(NASDAQ/NMS:BTIOF), The board of directors of the BTI Group of Companies is pleased to announce the appointment of Barry J. Reiter as chairman of the board and the election of Michael S. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. as a director. Reiter has been appointed chairman of the board of BTI succeeding H. Neil Nichols whose three year contractual term A contractual term is "[a]ny provision forming part of a contract"[1] Each term gives rise to a contractual obligation, breach of which will can give rise to litigation. ended at the end of December 1995. Reiter has been a member of BTI's board since 1990. He is a senior partner with the law firm Tory Tory DesLauriers & Binnington, Toronto. Cohen is a director of the Vengrowth Investment Fund of Toronto to whom BTI sold a $3 million convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. in private placement in December 1995. Vengrowth is a labour sponsored investment fund in Ontario, Canada. The BTI Group of Companies is an energy technologies research, development and licensing group that has developed the proprietary RAM(TM) battery system that it is licensing to companies worldwide. Currently, RAM products can be purchased at leading retailers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. under the brand name RENEWAL(R). RENEWAL(R) products are also available in South East Asia in the Porta-Power battery packs for cellular phones. PURE ENERGY(TM) batteries and chargers are available throughout Canada and are distributed in South East Asia through Asia Bridge Trading Co. They will soon be available in Europe through Lombardi Ltd. Korean licensee, Young Poong Corp., is launching its line of RAM products in the first quarter of 1996 under the brand name ALCAVA. RAM(TM) is the registered trademark of Battery Technologies Inc. in Canada. CONTACT: BTI Kathryn Freer, 905/881-5100 ext. 308 or Tamara Levin, 416/881-5100 ext. 317 |
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