Corinex President Joins ALYA Board; Private Placement Closed.VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 9, 1998--Dr. Peter Sobotka, president and chief executive officer of the Corinex Group, has been appointed a director of ALYA International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ALYA). Roger Mutimer, ALYA's chief executive officer, made the announcement of Sobotka's appointment. At the same time, Corinex completed a private placement with ALYA, investing US$250,000 to acquire 416,667 restricted shares at $0.60 per share. "Corinex and ALYA are a good fit," said Mutimer. "Corinex is already ALYA's leading distributor in central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. and is at the forefront of network and broadcast technology and building systems integration." Sobotka, whose wide-ranging studies and research have taken place in Bratislava, 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 Japan, is the author of numerous research publications in several languages and a frequent speaker at international conferences. Under his leadership the Corinex Group, based in Bratislava in the Slovak Republic, has achieved annual revenues of approximately US$35 million, and is an authorized distributor for Microsoft, Sun, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , US Robotics and Compaq Computer Corp. "ALYA is becoming increasingly active in international markets, particularly in Asia and Europe," said Mutimer. "This closer association with Dr. Sobotka will facilitate our penetration of those markets." ALYA International, a leader in the development of software for integrated building control systems, is listed on the OTC bulletin board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol ALYA. For further information, please call Dale Paruk at 888/595-6444. 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. Act Disclaimer: This release may contain forward-looking statements that involve risks and uncertainties including, without limitation, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, the company's dependence upon financing, third-party suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. or prospectus. |
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