Battery Depot Opens Fourth Store.EDMONTON, ALBERTA--(BUSINESS WIRE)--Oct. 20, 1997--Battery & Wireless (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : BWS BWS Board of Water Supply (Honolulu, Hawaii) BWS Beckwith-Wiedemann Syndrome BWS Black Wall Street (Hip-Hop record label) BWS Battered Woman Syndrome BWS Beer, Wine and Spirits .) Battery Depot Inc., a subsidiary of Battery & Wireless Solutions Inc. (BWS: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. ), announces it has recently opened their fourth specialty retail battery store. Opened on October 1, 1997, the fourth store was opened by an Edmonton based retail investment company under a franchise system now being offered by Battery Depot Inc. Battery Depot Inc. currently operates three corporate stores located in Vancouver and Calgary, with this fourth store representing the first franchise store location. Under an agreement with Battery Depot Inc., the Edmonton franchise owners, plan to open up to 6 stores in locations in central and 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. . Battery Depot Inc. is planning 25 franchise store openings during 1998 and plans to open a total of 100 locations over the next 4 years. Battery Depot stores, unique in 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. , will have the widest range of battery products available, allowing individual and corporate consumers a one stop solution for all their wireless power requirements. In addition, Battery Depot stores will showcase productivity solutions for the mobile professional and corporate user who use wireless communication and mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings technology. Through franchise fees, royalties and product sales, additional revenue contributions from franchise stores to Battery Depot Inc. and Magnacharge Battery Corporation will exceed $4 million in the first year of franchise expansion, rising to $30 million in the fourth year of franchise expansion. Magnacharge Battery Corporation, another wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Battery & Wireless Solutions Inc. will be a major supplier to Battery Depot stores under a supply agreement with franchisees. Magnacharge Battery Corporation, a national warehouse distributor of battery products and mobile computing peripheral devices, operates warehouses in Vancouver, Victoria, Edmonton and Mississauga. -0- The ASE has neither approved or disapproved this announcement. CONTACT: Battery & Wireless Solutions Inc. Les Granholm, 604/525-0391 lgranholm@bwsinc.com |
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