CONCERT SHARES LISTED ON THE MONTREAL EXCHANGE.VANCOUVER, BC--(BUSINESS WIRE)--APRIL 27, 1995--CONCERT INDUSTRIES (VSE See DOS/VSE. VSE - Virtual Storage Extended : CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage ) Concert Industries Ltd. is pleased to announce that its common shares will be posted for trading on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg on Friday April 28th, under the symbol "CNG". The shares are presently listed on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . Concert has 28,940,541 common shares currently outstanding. The Company, whose head office is located in Vancouver, B.C., was incorporated in 1984. Concert has established itself among the leaders in the manufacture and supply of thermal bonded air-laid paper in Canada. The Company manufactures and distributes parent rolls of specialized absorbent absorbent /ab·sor·bent/ (-sor´bent) 1. able to take in, or suck up and incorporate. 2. a tissue structure involved in absorption. 3. a substance that absorbs or promotes absorption. air-laid non-woven fabrics under the trade name "CelluWeb". The parent rolls are then converted by customers into end user products for feminine hygiene Feminine hygiene is a general term used to describe products used by women during menstruation, vaginal discharge, and other bodily functions related to the vulva. Sanitary Towels (also known as maxi-pads or napkins), pantiliners, tampons, and feminine wipes are the major pads, adult incontinence products, medical disposals, industrial filters, and other related applications. The Company's leased production facilities of 50,000 square feet are located in Thurso, Que. Sales for the fiscal year ended February 28, 1995 were $2,216,993, substantially all of which were achieved in the third and fourth quarters. Concert Industries has recently announced plans to build a second air-laid plant in Torgelow, Germany, in conjunction with two joint venture partners. $1.7 million has already been committed for the engineering of a hybrid air-laid machine to be manufactured by Niro Separation. The new line will produce a diverse range of thermal and latex bonded nonwoven non·wo·ven adj. Made by a process not involving weaving. Used of textiles. n. Material or a fabric made by a process not involving weaving. fabrics and will supply the European market. The listing of Concert Industries' shares on the Montreal Exchange has been sponsored by Dlouhy Investments Inc. of Montreal. Dlouhy Investments, which deals with institutional and other sophisticated investors across Canada, specializes in high technology companies as well as companies in "old" industries using new technologies. On behalf of the Board of Directors Dieter Peter, President & C.E.O. CONTACT: Richard Nemeth, Director of Corporate Affairs (604) 681-1008 1-800-462-6623 |
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