Printer Friendly

Quantum Industries approved for trading on the NASD OTC Bulletin Board; Acquired Aerodiam operations to be headquartered in Toronto under auspices of Aerodiam Technologies.

RICHMOND-HILL, Ontario--(BUSINESS WIRE)--Quantum Industries Ltd. (OTC BB:QTIN) announced that effective Aug. 17, 1995, the company was formally approved for active trading on the OTC Bulletin Board of the National Association of Securities Dealers Inc. under the symbol "QTIN."

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

Fax: 905/886-6365
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, 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:Sep 11, 1995
Words:588
Previous Article:Interwest Home Medical announces land sale agreement.
Next Article:Midisoft introduces five CD-ROM self-improvement titles to enhance personal success.
Topics:


Related Articles
GEOGRAPHICS, INC. - COMMON STOCK APPROVED BY NASD.
Corporate Profile for Quantum Industries Ltd., dated Sept. 22, 1995.
Infocorp Computer Solutions Ltd. - 1997 Manitoba Quality Awards Bronze Level Recipient.
Infocorp Board Changes.
Starnet Signs Agreement With Just For Fun Ventures Inc., A Wholly Owned Subsidiary Of InterWorx International Inc.
Top Performing Canadian E-Business Stock to Trade on OTC Bulletin Board.
VentureTech, Inc. Announces Temporary Change to its Trading Symbol from VTEH to VTEHE.
SMALL SACRIFICE?; NASDAQ LOOKS AT DROPPING 3,400 STOCKS FROM LISTINGS.
Viking Systems, Inc. to Be Traded on the Over The Counter Bulletin Board; Surgical Medical Products Company Upgraded to OTC Bulletin Board.
Island Pacific Announces Decision of the AMEX Listing Qualifications Panel.

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