Printer Friendly
The Free Library
22,728,960 articles and books

JCI TECHNOLOGIES ANNOUNCES COMPLETED ACQUISITION.



VANCOUVER, B.C.--(BUSINESS WIRE)--DECEMBER 1, 1994--JCI 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.
. (Alberta Stock Exchange Alberta Stock Exchange

See Canadian Venture Exchange (CDNX).
: JCI JCI Journal of Clinical Investigation
JCI Johnson Controls, Inc.
JCI Junior Chamber International
JCI Joint Commission International
JCI Japan Concrete Institute
JCI Journal of Communication Inquiry
JCI Johannesburg Consolidated Investment Company Limited
 ) JCI Technologies Inc. (the "Corporation") announces that it has completed the acquisition of all the issued and outstanding shares of JCI Jobs Canada Inc., resulting in JCI Jobs Canada becoming a wholly-owned subsidiary of the Corporation. The purchase price for the shares of JCI Jobs Canada Inc. was paid by the issuance of 5,006,032 common shares from the treasury of the Corporation at a deemed price of $0.20 per share, for total consideration of $1,001,206.40. JCI Jobs Canada Inc. operates The National Employment Registry The configuration database in all 32-bit versions of Windows that contains settings for the hardware and software in the PC it is installed in. The Registry is made up of the SYSTEM.DAT and USER.DAT files. Many settings previously stored in the WIN.INI and SYSTEM. , a sophisticated resume database and retrieval service that allows employers to search for job candidates across the country.

In addition, the Corporation announces that it has received approval from its shareholders for a private placement of 854,552 units at $0.55 per unit for total proceeds of $470,003.60. Each unit consists of one common share of the Corporation and one share purchase warrant entitling the holder to purchase an additional common share at a price of $0.70 per share prior to one year from the date of issuance.

The acquisition of the shares of JCI Jobs Canada Inc. and the private placement of 854,552 units constitute the Corporation's Major Transaction pursuant to Policy 4.11 of the Alberta Securities Commission and Circular No. 7 of The Alberta Stock Exchange. Upon receiving the final approval of these transactions by The Alberta Stock Exchange, the Corporation will no longer be a junior capital pool company.

The Corporation also announces the election to the Board of Directors of Messrs. Robert J. Butler and Christopher C. Simpson. Mr. Butler is currently Chairman of the Board of Urban Transportation Development Corporation Limited, Chairman of Canadian Venture Founders, a private investment fund, and a Director of Torstar Corporation. Mr. Butler resigned as Chairman of the Board of Gulf Canada Resources Limited in 1993 having been appointed to that position in 1990. He also resigned as Chairman of GW Utilities Limited upon its privatization privatization: see nationalization.
privatization

Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned
 in 1993 having held that position since its inception in 1987. Some of Mr. Butler's other Board affiliations have included Abitibi-Price Inc., Consumer's Gas, Home Oil Company Ltd., Interprovincial Pipe Line Inc., Silcorp Corp., etc. From 1977 to 1982, Mr. Butler served with the Ontario Government as the Deputy Minister of Consumer & Corporate Affairs and Secretary of the Management Board of Cabinet. Prior to 1977, he was with The T. Eaton Company for thirty years and became the first non-family President of that organization in 1969.

Mr. Simpson is currently the Vice President, Finance of the Corporation. He holds a law degree from the University of Victoria and a M.B.A. degree from the University of British Columbia Locations
Vancouver
The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7.
. Prior to his studies in law, Mr. Simpson taught a seminar program offered in Tokyo, Japan which prepared applicants to Masters of Business Administration programs in 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.  for the Graduate Management Admission Test. From 1987 to 1989, Mr. Simpson was Vice President, Finance and Director with Battery One-Stop. Prior thereto there·to  
adv.
1. To that, this, or it.

2. Archaic In addition to that; furthermore.


thereto
Adverb

Formal

1. to that or it

2.
, Mr. Simpson was an investment banker Investment Banker

A person representing a financial institution that is in the business of raising capital for corporations and municipalities.

Notes:
An investment banker may not accept deposits or make commercial loans.
 with Nesbitt Thomson Inc.

For more information on JCI Technologies Inc., Jobs Canada and The National Employment Registry call Christopher Simpson, Vice President, Finance.

-0-

The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.

CONTACT: JCI Technologies Inc.,

Christopher Simpson, 604/744-2121

KEYWORDS: REPEATS: New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 212-575-8822 or 800-221-2462; Boston 617-330-5311 or

80
COPYRIGHT 1994 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 1, 1994
Words:580
Previous Article:CAM Data reports record 94 and fourth quarter revenues.
Next Article:RECLAMATION MANAGEMENT ANNOUNCES REVENUES.
Topics:



Related Articles
Inside JCI Northwood. (Produce).
From Opening Garage Doors a Look at JCI's to Implementing Bluetooth: Electronics Approach. (Engineer).
Luxury simplified. (Design).
Advancing cluster technology. (Design).
Overhead space: the final frontier.
Lights! Camera! Quality! At Johnson Controls' annual Team Rally, acting skills are nearly as important as the ability to explain Six Sigma.
Making softer, quieter seats.
Kolberg-Pioneer & JCI announce appointments.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters