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Force Technologies Clarifies Company's Position.


VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Feb. 3, 1997--FORCE TECHNOLOGIES I (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.) Gordon Lee Gordon Lee may refer to:
  • Gordon Lee (footballer) (1934–)
  • Gordon Lee (congressman) (1859–1927), U.S. congressman from Georgia
  • Gordon Lee (politician), Canadian MLA from Athabasca
, President and a Director of the Company, wishes to clarify the Company's position with respect to a News Release issued on January 31, 1997 by United Overland Trust & Bancorp (hereafter In the future.

The term hereafter is always used to indicate a future time—to the exclusion of both the past and present—in legal documents, statutes, and other similar papers.
 "United"). The Company is currently in discussions with United regarding debt and/or equity financing Equity Financing

The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation.
, however, no specific arrangements have been finalized See finalization.  at this time. Finalization of any equity financing will not result in a change of control of the Company.

The Company will advise of the outcome of these discussions upon their conclusion.

In addition the Company has held preliminary discussions with Star Telephone and Telegraph, however, no specific terms of engagement have been finalized. The Company will advise of the outcome of these discussions. ON BEHALF OF THE BOARD Gordon F. Lee President and Director of the Company

CONTACT: Force Technologies Inc.

Gordon F. Lee, 604/ 685-1017

604/ 685-5777 (FAX)
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 3, 1997
Words:158
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