Concert Reorganizes for European Expansion.VANCOUVER, BC--(BUSINESS WIRE)--NOVEMBER 29, 1995-- CONCERT INDUSTRIES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (ME, 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 ) The Directors of Concert Industries Ltd. are pleased to announce the appointment of Ken Squires to the position of President of Concert Fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. Ltee a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Concert Industries Ltd. Mr. Dieter Peter will remain as Chairman of the Board of Directors. This reorganization will enable Mr. Peter to concentrate his efforts on the European plant which, upon completion will position the Company in a very strong, strategic position of global influence. In addition, the reorganization permits the Company to continue to focus its efforts on meeting customers needs and expectations. Mr. Squires joined Concert Fabrication Ltee in May 1994 as Director of Sales and Marketing. He is a senior executive with extensive international experience in all aspects of the 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. industry. During the past 25 years, he has been a significant contributor to the profitability of multinational organizations. The Company's solid growth in sales is attributed to Mr. Squires' industry knowledge and activities in market development. His efforts have resulted in an anticipated record third quarter sales ending November 30, 1995 and even stronger sales forecasted during the fourth quarter. As President, Mr. Squires will continue to be responsible for sales, as well as all other activities of the Thurso operation. With the evolution of the company from a start up operation to a reliable manufacturer of air-laid products, Mr. Jim Westphal has resigned as Managing Director of Concert Fabrication Ltee and Vice President of Manufacturing of Concert Industries Ltd., to pursue other business interests. The Company has asked Mr. Westphal to submit his resignation as a director of both companies. Concert Industries Ltd. manufactures and distributes parent rolls and specialized absorbent air-laid nonwoven fabrics under the trade name "CellWeb". Our customers convert the parent rolls into end user products for feminine hygiene, adult incontinence products, medical disposable, industrial filters and numerous other applications. -0- NOTE: 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). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Concert Industries Ltd. is 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 and The Vancouver Stock Exchange under the symbol "CNG". CONTACT: Richard Nemeth Director of Corporate Affairs (604) 681-1008 1-800-462-6623 (604) 681-2627 (FAX) |
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