Clearnet to Amalgamate Head Office Operations with Move to Scarborough - The MiKE company is set to add more than 300 employees in Toronto area in 1997.PICKERING, ONTARIO--(BUSINESS WIRE)--Jan. 22, 1997-- (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME NET.A., 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 CLNTF.) Clearnet Communications Inc. ("Clearnet") today announced that in the fall of 1997 it will consolidate its fast-growing national headquarters into a single 220,000-square-foot operation in the Toronto suburb of Scarborough. Clearnet has entered into a 10-year lease for the space in Scarborough's prestigious Consilium Place office complex. The deal represents an approximate $45 million commitment over the entire lease term. The new space is more than four times the size of Clearnet's existing Pickering head-office space and will allow the wireless-communications company to consolidate employees from four Toronto-area locations into the facility at 200 Consilium Place. "Clearnet is growing by leaps and bounds, and we're delighted we could find a single, high-profile location like Consilium to house our burgeoning head office," said George A. Cope, Clearnet's President and 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. . "Our staff has more than quadrupled in the last two years as we've launched our MiKE business-communications network and will continue to grow significantly as we prepare for the introduction of Clearnet PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. (Personal Communications Services See PCS. ) this year. Consilium's prime location and amenities make it a natural choice for our people in the Toronto region." Those amenities include in-complex restaurants, banks and shops, a Toronto Transit Commission LRT LRT Light-Rail Transit LRT Likelihood Ratio Test LRT Light Rapid Transit LRT Lower Respiratory Tract LRT Lehrstuhl für Raumfahrttechnik LRT Long Range Transportation LRT Light Railway Transit LRT London Regional Transport LRT Loving Relationships Training stop, ample parking and shuttle service to the nearby Scarborough Town Centre The Scarborough Town Centre (also known as "Scarborough Town", "Town Centre" or "STC" by many locals) is a shopping mall in Toronto, Ontario, Canada, located in the district of Scarborough. . But location was the key: Consilium is at Highway 401 and McCowan, allowing a convenient commute for the more than 450 Clearnet employees living in Toronto and surrounding regions. Clearnet expects to add more than 300 new staff to the Consilium Place location in 1997, which has room to accommodate as many as 1,200 employees as Clearnet continues to expand over the coming years. Clearnet currently has more than 750 employees in offices in Toronto, Vancouver, Calgary and Montreal, and Clearnet Business Communications Centre (CBCC CBCC Community Based Child Care CBCC Colorado Black Chamber of Commerce CBCC Cloudbase Country Club (governing body of hang gliding sites in western WA) CBCC Conviction By Civil Court ) dealerships in 19 locations across Canada. Clearnet expects to create approximately 400 new positions across Canada in 1997 alone. Clearnet is a publicly traded (TSE, ME - NET.A; NASDAQ - CLNTF) Canadian wireless communications company that operates the MiKE digital network in Ontario and Quebec, and analog dispatch communication services in more than 40 cities across Canada. Awarded a national 30 MHz PCS licence last year, Clearnet plans to launch PCS service in Canada's largest urban centres in mid-1997. CONTACT: Clearnet Communications Inc. Mark Langton, 905/837-3454 mlangton@clearnet.com |
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