CAM Designs Forms California Strategic Alliance.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and COVENTRY, England--(BUSINESS WIRE)--May 28, 1998-- CAM Designs Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMDA-CMDW) today announced that it has formed a Strategic Alliance in order to be able to provide the international automotive industry's numerous Californian based design centers with a total "black box" program capability covering the full spectrum of automotive vehicle designs, development and engineering. The Strategic Alliance is comprised of CAM Designs Inc., CTEK and LAP International. Both CTEK and LAP International are corporations which are already located in California. LAP International will provide sales and marketing, program co-ordination and management and program budgetary control services. CTEK currently provides styling and concept modeling services as well as providing prototype and show car build capabilities to the California-based design centers. CAM Designs Inc. will provide all program design and manufacturing engineering Manufacturing engineering Engineering activities involved in the creation and operation of the technical and economic processes that convert raw materials, energy, and purchased items into components for sale to other manufacturers or into end products for services and support as well as providing the specialist services of highly skilled technical personnel, with global experience, in all of the above disciplines. Together, the Strategic Alliance will increase the company's separate profiles and provide the company with a new thrust and cutting edge into this important and high profile automotive arena. CAM Designs Inc., primarily based in the United Kingdom, is a premier design and engineering house for the automotive and aerospace industries in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). , the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the Pacific Rim. Statements in this news release looking forward in time are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties, including general economic conditions, delays and risks associated with the negotiation, implementation and/or performance of contracts, consumer and industry acceptance, and regulatory actions and risks.
CONTACT: CAM Designs Inc.
John R. Davidson, CEO
011-44-1-203-407-7000 (Coventry, U.K.)
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