Brake Safe Distribution Agreement Signed With Leading MRO Company, Bowman Distribution.TORONTO--(BUSINESS WIRE)--June 26, 1997-- Spectra Inc.(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). SSA (Serial Storage Architecture) A fault tolerant peripheral interface from IBM that transfers data at 80 and 160 Mbytes/sec. SSA uses SCSI commands, allowing existing software to drive SSA peripherals, which are typically disk drives. . ) Spectra Inc. is pleased to announce that Spectra Products Inc., its 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. , has signed a non exclusive distribution agreement with Bowman Distribution to distribute Brake Safe(TM) a visual brake stroke indicator, in the Canadian market place. Based on figures derived from the 1994 Draft of the North American Transportation Summit Report and estimates obtained from the Ontario Trucking Association, the Canadian market for brake stroke indicators is estimated to be in excess of $28 million (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ). Bowman Distribution is a $213 million (USD) distributor of maintenance and repair operations (MRO) products who has the capability to supply the needs of both the industrial and transportation markets throughout North America. The Barnes Group Inc. purchased Bowman in 1964 and is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (symbol "B"). "This distribution relationship will give the Brake Safe (TM) visual brake stroke indicator system national coverage and access to Bowman's extensive customer base and dealer network," stated Andrew J. Malion, Chairman of Spectra Inc. The initial stocking order from Bowman will consist of truck and trailer brake stroke indicators valued at $12,000. Spectra Inc. is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. listed on the Alberta Stock Exchange under the trading symbol SSA. 12G Exempt No.82-4312. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Spectra Inc. Andrew Malion, 416/ 252-2355 or First Reliance (Canada) Corporation Domenic LoParco, 800/308-5255 Email: firstreliance@msn.com Visit our website at www.spectra-ssa.com |
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