Quantum Industries approved for trading on the NASD OTC Bulletin Board; Acquired Aerodiam operations to be headquartered in Toronto under auspices of Aerodiam Technologies.
Prior thereto, the company has been listed in the Standard & Poor's Corporation Records, and, on July 27, 1995, the company's first listing appeared in Standard & Poor's "Daily Sheets."
On Dec. 15, 1994, the company fully acquired Aerodiam Ltd., an Israeli company, along with Aerodiam USA Ltd., a New York corporation. Since its inception, the Aerodiam companies have been engaged in software development for the diamond and jewelry industries, offering a wide variety of proprietary software directly to an international clientele, as well as by license through various distributors around the world.
Additionally, Aerodiam provides complete customized services to its customers in system analysis, design, service and support relating to the diamond and jewelry industries.
It is a well-known fact that the diamond industry is uniquely close-knit, operating in specific, defined areas/centers of the world. Management has noted that the success to date of the Aerodiam operation(s) is assuredly attributable to the fact that the industry is truly international by nature.
Due to the success of the company's software and service in this field, they have now been accepted as a leader by the world's largest diamond exchange markets, as well as having gained the confidence of the diamontaires internationally. The high quality and unparalleled software thusly offered has gained the recognition and approval of the De Beers Co.
De Beers also owns and operates the Central Selling Organization (the "CSO"), which possesses the rough diamond mining franchise rights, purchasing approximately 85 percent of the world's total production of rough diamonds. Aerodiam enjoys a close relationship with the CSO, and, is regularly invited to participate at technological events sponsored by the diamond conglomerate.
Aerodiam today controls approximately 90 percent of the software market to the diamond and jewelry industries in Israel, over 80 percent of the European market in this industry, over 90 percent of the market in India, and anticipates gaining a majority control of the software market in this industry in Russia, Japan, Thailand, China, Hong Kong, Singapore and the United States during the calendar year 1996.
It is therefore evident that the numerous software products currently offered, as well as those under final completion, will permit the presently planned expansion and marketing program(s) of the company to be readily achieved on schedule.
Wholesalers and manufacturers utilize the company's "Aerodiam E-7" software for numerous functions such as stock management of raw materials, manufacturing process functions, comptrolling and waste management data, etc.; jewelers and manufacturers alike utilize the company's "Aero-Jewel" software for planning, controlling and monitoring all respective manufacturing processes; and diamond manufacturers, traders, gem stone manufacturers, dealers, jewelry manufacturers and retailers now have access to the industry's first information highway net-work, namely the company's "Aero-Net" software/hardware system.
Research and development as to new and improved products is ongoing in order to assure the company's leadership in this industry into the Twenty-First century.
In an effort to restructure the global operations of the Aerodiam companies through Quantum, management announced that all such operations will be centrally headquartered in Toronto, under the auspices of "Aerodiam Technologies Limited." The company's direct offices and expanding licensee network will be administered from this location, as well as all international marketing and research and product development.
CONTACT: Quantum Industries Ltd., Richmond-Hill
David Dadoun, 905/709-3863
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|Date:||Sep 11, 1995|
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