CAM Designs Inc. Announces Engineering Contract for Vehicle Design.NEW YORK/COVENTRY, U.K.--(BUSINESS WIRE)--June 9, 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 had received a new car design contract covering vehicle body and fixture engineering as well as project management functions. John R. Davidson, Chief Executive Officer, stated, "We expected to derive approximately $2.7 million in revenues over the next twelve months from this phase, with the potential for additional increases of approximately $800,000 in the size of our participation in this design venture. This program brings exciting opportunities to the Company for the continued expansion of our body engineering and program management expertise and starts our fiscal 1999 year off with a significant boost." CAM Designs Inc., primarily based in the U.K., 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 (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. 011-44-1-203-407-7000 |
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