Diversified Investment & Gem Manufacturing -Licence Agreement with German/Swiss Consortium Completed.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--June 21, 1996-- DIVERSIFIED diversified (di·verˑ·s INVESTMENT (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : DIA) Diversified Investment Strategies Inc. and Gem Manufacturing Ltd. are pleased to announce the completion of the first License Agreement of many under discussion world-wide. This contract was signed with a German/Swiss consortium, giving the rights to the manufacturing and distribution of DIA's oil absorption products. These rights encompass the member countries of the European Community European Community: see European Union. European Community (EC) Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. . DIA will receive a total payment of $2.8 Million cash with a royalty of 6 percent on all product sold. This will decline to 4 percent after the first $5 Million and includes a designated minimum. DIA will also become a 10 percent equity owner in the company holding the license agreement. DIA will in addition receive 50 percent of all fixed fees in excess of $2.8 Million from any subsequent sub-license agreements. The company expects that the cash flow generated from the royalties will far exceed the initial payments made under this agreement. The common shares of Diversified trade through the facilities of the Alberta Stock Exchange under the stock symbol DIA. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Diversified Investment Strategies Inc. Margaret Margaret, 1930–2002, British princess, second daughter of King George VI and sister of Queen Elizabeth II, b. Glamis, Scotland. In 1960 she married a commoner, the photographer Antony Armstrong-Jones, who was created earl of Snowdon in 1961. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. , 604/857-2705 604/856-2965 (Phone/Fax) or in the U.S.A. Bill Kaplan, 800/600-8211 914/354-0676 (Phone/Fax) |
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