BlueStar Battery Systems International Corp. Reports a 56 percent Increase in Revenues for the Six Months Ending March 31, 1997.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 2, 1997-- BlueStar Battery Sys (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). BHW BHW Beamten Heimstätten Werk (German Building Society) BHW Boiler Hot Water BHW Brick Headwall BHW Blackman-Harris Window Function BHW Binary Halfword .) BlueStar Battery Systems International Corp. ("BlueStar") announced its financial results for the six months ending March 31, 1997. BlueStar today reported revenues of $ 2,348,004, a 56 percent increase over revenues of $ 1,505,329 from the corresponding period last year. The financial results for this period include the completion of the Canadian DC Systems Inc. ("CDCSI CDCSI Canadian Display & Combat System Interface ") acquisition and the impact of the move into and setup of production in the new facility. Darwin Sauer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BlueStar, stated "BlueStar has started its long-awaited growth in the battery marketplace. The second quarter results include only 20 days of its newly acquired CDCSI's revenues. With the move completed and production resuming at the manufacturing plant and the addition of CDCSI's operating results in the third quarter, the Company is looking forward to further growth in the coming year." BlueStar is a Canada-based developer, specialized manufacturer, assembler Software that translates assembly language into machine language. Contrast with compiler, which is used to translate a high-level language, such as COBOL or C, into assembly language first and then into machine language. and marketer of a wide range of battery products sold in the international market place. BlueStar currently distributes in excess of 1200 different battery products. BlueStar expects its product lines to expand through its continued research and development efforts and the expansion of its sales, marketing and distribution networks. -0- The Alberta Stock Exchange has neither approved or disapproved the content herein. CONTACT: BlueStar Battery Systems International Corp. Greg Agar Agar, in the Bible Agar (ā`gər), the same as Hagar. agar, substance obtained from seaweed agar (ä`gär, ā`–, ăg`är) , 604/681-0363 1-800-806-5611 |
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