Magnacharge Battery Corporation Announces Acquisition.VANCOUVER, British Columbia--(BUSINESS WIRE)--May 11, 1998-- Battery & Wireless (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :BWS BWS Board of Water Supply (Honolulu, Hawaii) BWS Beckwith-Wiedemann Syndrome BWS Black Wall Street (Hip-Hop record label) BWS Battered Woman Syndrome BWS Beer, Wine and Spirits .) Battery & Wireless Solutions Inc. announces that its subsidiary, Magnacharge Battery Corporation, has agreed to purchase the assets of the cellular division of Myroka Sales Corporation and Myroka Manufacturing Corporation of Calgary, Alberta and North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Well known in the Canadian cellular industry, Myroka has been manufacturing and supplying cellular batteries and accessories to the communication after market in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for 15 years. The acquisition, which includes the sales network, inventories and manufacturing equipment of Myroka, will be integrated with the New Westminster, British Columbia “New Westminster” redirects here. For other uses, see New Westminster (disambiguation). New Westminster is an historically important city in the Greater Vancouver region of British Columbia, Canada. operation of Magnacharge Battery Corporation, which also has Canadian sales and warehouse locations in Victoria, Edmonton, Calgary and Mississauga. The addition of Myroka furthers Magnacharge's penetration of the communication battery and accessory market in Canada, which, along with the mobile computing battery and accessory market, is a focused market segment for the company. 100 percent owned by Battery & Wireless Solutions Inc., Magnacharge is a Canadian assembler and distributor of a wide range of battery products including industrial motive, automotive, communication, notebook computer and specialty battery applications. -0- Note To Editors: The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Battery & Wireless Solutions Inc. Gordon Ball, 403/271-5050 or Battery & Wireless Solutions Inc. Les Granholm, 888/808-7788 lgranholm@bwsinc.com |
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