Brink's and Zurcher Freilager announce creation of a joint venture to serve the Swiss customers.DARIEN, Conn.--(BUSINESS WIRE)--Feb. 20, 1997--Brink's Incorporated, a part of the Pittston Brink's Group (NYSE-PZB), and Zurcher Freilager, a Swiss freight-handling company, announced today they have formed a joint venture called BRINK'S ZF to provide secured valuables transportation in Switzerland. Brink's ZF has been created to serve the Swiss banking world, diamond, watch and jewelry industry and the gold and precious metal trade, starting operations in Zurich and Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. and expanding the other Swiss cities. Brink's ZF is built on Brink's world-wide expertise, reputation and global network of affiliates in more than 50 countries and the reputation and experience of Zurcher Freilager in freight-handling, vaulting vaulting Gymnastics exercise in which the athlete leaps over a form that was originally intended to mimic a horse. At one time, the pommel horse was used in the vaulting exercise, with the pommels (handles) removed. and warehousing in Switzerland. Brink's ZF is 51 percent owned by Brink's Security International, a subsidiary of Brink's, and 49 percent by Zurcher Freilager. Brink's is to provide the technology and the management of Brink's ZF. Pittston Brink's Group Common Stock (NYSE-PZB), Pittston Burlington Group Common Stock (NYSE-PZX) and Pittston Minerals Group Common Stock (NYSE-PZM), represent the three classes of common stock of The Pittston Company, a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a with interests in security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the through Brink's, Incorporated and Brink's Home Security, Inc. (Pittston Brink's Group); global freight transportation and logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet services through Burlington Air Express, Inc. (Pittston Burlington Group), and coal and gold mining (Pittston Minerals Group). CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. 804/553-3600 |
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