SDC International Announces Czech Army Intent to Purchase $200 Million of Tatra Trucks.Business Editors PALM BEACH, Fla.--(BUSINESS WIRE)--Feb. 25, 2003 SDC SDC Silver Dollar City SDC Security Door Controls SDC Student Development Center SDC San Diego Chargers SDC Science Data Center SDC System Development Charges SDC Studebaker Drivers Club SDC San Diego, California (border patrol sector) International, Inc. ("SDC") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :SDCN SDCN Sustainable Development Communications Network ) today confirmed several news releases from the Czech Ministry of Defense distributed by the government's official Czech Information Agency (CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). ) and by the Czech Press Agency (CTK CTK Christ The King (school; various locations) CTK Ceská Tisková Kancelár (Czech News Agency) CTK Composite Tool Kit CTK Configuration Toolkit CTK Chance to Kill (video games) ). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. both the CIA and CTK releases, the Czech army will purchase 633 heavy off-road vehicles for 6 Billion Czech crowns, or approximately US$200 million. The official CIA and CTK news release follows: "Publication: CTK - Business News Provider: CTK (Czech Press Agency) Date: February 24, 2003 (08:33) Czech army seeking purchase of Tatra lorries for Kc 6bn PRAGUE, Feb 24 (CTK) - The Czech army is planning to buy several hundred new lorries made by Tatra Koprivnice worth Kc6bn and hundreds of armored carriers for Kc32bn by 2012 within an extensive replacement of its fleet, today's Pravo writes, adding the spending will be fully financed from the army's budget. "The projects of armored carriers and lorries are the backbone projects of modernization of ground forces that are, after all, decisive for potential deployment of the army in operations of either NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. or the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community in the future," Pravo quotes Defence Minister Jaroslav Tvrdik as saying. Tvrdik specified that his ministry will buy 633 heavy off-road vehicles worth Kc6.013bn and 583 middle-sized cars for Kc1.683bn by 2008. Tvrdik will propose to the government a tender only for the middle-sized cars, while the order for the heavy ones will be given directly to Tatra Koprivnice. He told the paper that he does not expect any obstacles on the part of the government. It would be possible to avoid the tender if the purchase of Tatras was regarded as a strategic order, he said. The army project could boost Tatra's chances on foreign markets, Tvrdik said, adding that Praga is another firm eyeing the supplies of the middle-sized vehicles. In July, Tvrdik will propose to the government a public tender for the purchase of 398 new armored carries for roughly Kc32bn, to be delivered between 2005 and 2012. The project could be interesting for domestic producers but the ministry expects that there will be suitors from France, Germany, Switzerland, Austria, Finland, Italy and the USA, Pravo writes. About SDC International SDC International is a publicly traded U.S.-based company focused on acquiring well-established industrial manufacturers with substantial revenues within Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. . Tatra was the first acquisition in SDC's plan. Visit the SDC website at http://www.sdcn.com. Certain information in this announcement includes forward-looking statements regarding future events or the future performance of SDC International that involve certain contingencies and uncertainties. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual events or performance to differ materially from those reflected in such forward-looking statements. Such risks and uncertainties, many of which are beyond SDC's control, include, among others: the effects of changes in laws and regulations; the effect of interest rates, government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. , and general economic conditions on construction, mining and other activities in which SDC's products are sold; national and international political climate and military activities; and other factors, risks and uncertainties set forth in more detail in SDC's filings with the U.S. Securities and Exchange Commission. Actual events or performance may differ materially from any forward-looking statement due to these and other risks, uncertainties and significant factors. |
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