CALIAN COMPLETES ACQUISITION OF PRICON STAFFING.KANATA, ONTARIO Kanata is a large suburban area in the western part of Ottawa, Ontario, Canada,it has a population of 90,000 and is growing rapidly. It is located just to the west of the Greenbelt and is one of the largest of several communities that surround central Ottawa. --(BUSINESS WIRE)--Oct. 31, 1996--Calian Technology Ltd. announced today that it has formally acquired the business and assets of PriCon Staffing to be operated as a business unit of Calian Technical Services. PriCon Staffing was established in 1983 and provides technical staffing to Fortune 500 companies in Canada and the US with offices in Kanata, Pembroke, Toronto and Calgary. "This acquisition has enabled our Technical Services division to increase the number of technical staff to approximately 320 and expand our operations into Toronto, Pembroke and Calgary," said Ed Lambert, Vice-President & General Manager of Calian Technical Services. "We anticipate that this acquisition will increase our opportunities for growth in the private sector to result in increased revenues of approximately $5 million in the next year," Lambert added. "Our combined experience and expertise in both the private and public sector technical outsourcing industry will make this a win-win situation for both companies," said Anne Carroll, a principal selling shareholder of PriCon Corporation. Ms. Carroll will continue to manage the PriCon business unit as Director of Business Development for PriCon Staffing Services Inc. Calian and 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. SED Systems SED Systems is a communications networking industry supplying both systems and services. Originating in 1965, SED is located in the Innovation Place Research Park on the University of Saskatchewan campus. As a division of CALIAN Ltd. Inc. design, manufacture and integrate electronic systems with applications in the satellite communication, space and defence markets and provide related technical outsourcing services. In addition, the Company is developing data messaging terminals for use in North America and around the world. The Company trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CTY CTY - /sit'ee/ or /C-T-Y/ [MIT] The terminal physically associated with a computer's system console. The term is a contraction of "Console tty", that is, "Console TeleTYpe". . CONTACT: Calian Technology Ltd. Greg Strong, 613/599-7200 613/592-7771 (FAX) 300 Legget Drive Kanata, Ontario K2K K2K KEK to Kamioka (Long Baseline Neutrino Oscillation Experiment) K2K Kabul to Kandahar (Canadian Afghanistan operations) K2K Key to Knowledge 1Y5 |
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