Calibre Technologies Updates Corporate Activities.

CALGARY, ALBERTA--(BUSINESS WIRE)--Oct. 18, 1996-- Calibre (VSE See DOS/VSE.

VSE - Virtual Storage Extended :CJT CJT Civilian Jeep Truck .) CALIBRE TECHNOLOGIES CORPORATION (the "Company") announces its financial position has not changed since its previous news release dated June 14, 1996, wherein it was announced that the Company has incurred significant actual and contingent liabilities Contingent Liability

1. The possibility of an obligation to pay certain sums dependent on future events.

2. Defined obligations by a company that must be met, but the probability of payment is minimal.

Notes:
1. .

The Company has also been unable to raise sufficient capital required to enable it to continue operations of its two wholly-owned subsidiaries, Hypaz Marketing Corporation and Oxymed Systems Inc. Both the directors of the Company and a private company, engaged by the Company to attempt to settle its debts, have failed to negotiate the settlement of the Company's debts with its larger creditors. The Company will no longer be involved in any active business and is seeking to be voluntarily delisted from 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). and/or may be delisted or suspended for failure to meet certain requirements. The Company also announces the resignations of Messrs. Paul Reinhart Paul Reinhart (b. 6 January, 1960 in Kitchener, Ontario) was a Canadian ice hockey defenseman who played in the NHL.

Reinhart was drafted 12th overall by the Atlanta Flames in the 1979 NHL Entry Draft. , Scott Ratushny and Cory Roberts as directors of the Company, leaving the Company with no directors. Mr. Reinhart also resigns as President and Chairman while Mr. Ratushny resigns as Secretary. -0- The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.

CONTACT: Calibre Technologies Corporation

604/688-4822

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Publication:	Business Wire
Date:	Oct 18, 1996
Words:	204
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