Force Technologies - Joint Venture.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 13, 1996-- FORCE TECHNOLOGIES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :FRCE) Further to the Company's News Release of August 26, 1996 the Company wishes to announce that it has entered into a joint venture agreement with WTS See Windows Terminal Server. Bureau Systems, Inc. ("WTS") of Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , to engage in the development production and sale of certain computer-based voice recognition equipment and software. All profits or losses shall be distributed to WTS as to seventy percent (70 percent) and the Company as to thirty percent (30 percent). As consideration for the joint venture WTS shall contribute its existing methods, procedures, software, techniques and expertise together with management and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The Company shall pay WTS two hundred thousand dollars US ($200,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), contribute management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and arrange funding for each joint venture project that is undertaken pursuant to the joint venture agreement with such funding to be subject to a specific written Exhibit or Addendum to the agreement. The initial term of the joint venture is for three (3) years after which the agreement is extended for one (1) year increments. "This joint effort will assist in expanding the market for our Company's "product line", said J.L. (Larry) Summers, President of WTS Bureau Systems, Inc. "I believe WTS has demonstrated its ability to design, create and implement the equivalent of a customized phone company in a box, anywhere in the world," said Gordon F. Lee, President of Force Technologies Inc. WTS builds, designs, and develops voice activated telephone systems as well as provide component coupling and hardware manufacturing. With over ten years of experience, WTS has earned a reputation in the global voice processing The computerized handling of voice, which includes voice store and forward, voice response, voice recognition and text to speech technologies. market as a leading manufacturer of open architecture, universally integrated platforms. These platforms, the WTS Monarch and Papillion systems are capable of delivering a wide array of both basic and advanced telecommunications applications. In order to facilitate the above transaction and to provide general working capital the Company wishes to advise a Private Placement of up to one million units at a price of $0.60 per unit. Each unit consists of one (1) common share and one (1) non-transferable share purchase warrant entitling the holder to acquire an additional common share of the Company for a two year period at a price of $0.60 per share in the first year and a price of $0.70 in the second year. ON BEHALF OF THE BOARD "Gordon F. Lee" Gordon F. Lee President and Director CONTACT: Force Technologies Inc. Gordon F. Lee, 604/685-1017 604/685-5777 (Fax) No regulatory authority or stock exchange has approved or disapproved the contents of this release. |
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