Kwikstar Communications Ltd. - Executive appointments.BURNABY, Bc,--(BUSINESS WIRE)--Nov. 29, 1995--KWIKSTAR (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :KCL KCL - Kyoto Common Lisp ) Following the announcement earlier this month, when shareholders of Digital Courier International Inc. ("DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. ") agreed to exchange 100 percent of their DCI shares for shares in Alberta Stock Exchange listed Kwikstar Communications Ltd., DCI's board of directors announce additions to its senior executives. Mr. E. Lynn Patterson has been named Chairman and Chief Executive Officer of DCI effective immediately. Lynn has been in the telecommunications industry since 1964, most recently as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of B.C. TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom , a GTE company. Over his 31 year career in the industry, Lynn has been a leader in transforming Canada's telecommunications industry into a highly competitive force as deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the industry evolved. Mr. Patterson, in addition to his business accomplishments, has served on numerous community initiatives including: Science World B.C. Capital Campaign Cabinet; YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. Capital Campaign Cabinet; Chairman Burnaby Arts Centre Capital Campaign; United Way Majors Chairman 1992, 1994; Vice Chair General Campaign United Way (1995); and MS Society Board of Governors. He currently serves on the boards of the following: Nav Canada (privatization of Canada's air traffic control system); National Quality Institute; Advisory Council to the President of the Treasury Board; and Crofton House School Crofton House School, located in Vancouver, British Columbia is a private, non-denominational girls' day school. The school offers a wide range of enriched and Advanced Placement courses. Board of Governors. Formerly General Manager, Mr. Allan Kozak has been elevated to President and Chief Operating Officer. Mr. Kozak has been one of the driving forces behind the design and implementation of DCI's network for the delivery of high quality compressed audio over the telephone network. Originally an engineer by profession, Al has been involved in several major start-ups and previous to DCI was a co-founder of the highly successful PMC-Sierra, Inc. spin-off from MPR Teltech Ltd. Edward D. Ford, a Chartered Accountant with over 35 years of business experience has been appointed Executive Vice President, Finance and Chief Financial Officer. After 20 years in public practice creating and implementing financial strategies for clients, Ed founded Enterprise Developments Inc. a B.C. based venture capital and merchant banking firm. He has specialized in financing and organizing emerging technology companies preparatory to public offering and developing financial control and management systems for leading edge businesses. He has extensive experience in securities markets working with companies listed on the Toronto, Vancouver and Alberta Stock Exchanges as well as those quoted on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on in the United States. At a recent shareholders meeting, Mr. Patterson and Mr. Ford were elected directors of DCI along with Ian Bardsley and Peter Inman, both of MPR Teltech, and Samuel Duboc of CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Capital. DCI's mission is to advance the application and development of a communications network for the radio industry using standard audio compression known as MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). . MPEG allows audio signals to pass through DCI's proprietary software and hardware, be compressed by a factor of 6:1 or greater; be transmitted over digital phone lines through the DCI store and forward network; and be received and decoded at its destination by DCI terminals yielding a digital quality equivalent to a compact disc. DCI's roots in the telecommunications industry and its internationally recognized implementation of MPEG combined with the recent infusion of additional capital arranged by Kwikstar Communications Ltd., are keys to achieving its mission. DCI's roll-out of MPEG-based systems continues toward a goal of 3,000 by the end of 1996. -0- NOTE TO EDITORS: The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: Digital Courier International Inc. Remy Kozak, Vice President, Marketing Tel. 604/293-6184 or Toll-free 800/909-7888 |
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