Scientific Completes Acquisition of Northstar Technical; Standard & Poor's Approves Scientific for Corporation Records Listing.VANCOUVER, B.C.--(BUSINESS WIRE)--April 26, 1999-- Scientific Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:STXF), a Delaware corporation, is pleased to announce that Northstar Technical Inc., a Canadian corporation, is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Northstar is a defense subcontractor and a high technology developer and manufacturer. With close to $5M spent on R&D, its advanced ocean communications technology has multiple potential applications in offshore oil and gas, defense, environment, oceanography oceanography, study of the seas and oceans. The major divisions of oceanography include the geological study of the ocean floor (see plate tectonics) and features; physical oceanography, which is concerned with the physical attributes of the ocean water, such as , commercial fishing and marine transportation. Northstar also carries out Contract Manufacturing and has developed a working relationship with a major U.S. defense contractor for the production of submarine control consoles. Other work is expected on patrol frigates, destroyers and military helicopters. The company will also offer its contract services to the offshore oil and gas and communications sectors. Northstar will continue its pro-environmental activities via its highly successful NETMIND Acoustic Trawl Monitoring System. NETMIND is receiving accolades from customers such as the US National Oceanic and Atmospheric Administration Noun 1. National Oceanic and Atmospheric Administration - an agency in the Department of Commerce that maps the oceans and conserves their living resources; predicts changes to the earth's environment; provides weather reports and forecasts floods and hurricanes and . Scientific is also pleased to announce that the Standard & Poor's Editorial Board has approved the Company for a full listing in Standard & Poor's Corporation Records. Additionally, the Company's description has been published in Standard & Poor's Daily News Section. Standard & Poor's Corporation Records is a recognized securities manual for "blue sky/manual exemption" trading in approximately 35 states. Scientific commenced trading on March 22, 1999 on the OTC Market in the US under the symbol STXF. Sponsor Broker: ONYX TRADING CORPORATION of Bellevue, Washington Public Relations: Rich Kaiser of Yes International Toll Free: 1-800-631-8127 Website: www.yesinternational.com/stxf On behalf of the Board of Directors, Wilson E. Russell, Ph.D., President Corporate Office: E-mail: STICAN@AOL.COM Suite No. 1455-409 Granville St. Vancouver, BC, V6C 1T2 Phone: 604/685-0364 Fax: 604/689-8337 USA Office: E-mail: yesintl@picusnet.com (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. 3928 Roebling Lane, Virginia Beach, Virginia Virginia Beach is an independent city located in the South Hampton Roads area in the Commonwealth of Virginia, on the shores of the Chesapeake Bay and the Atlantic Ocean. It is the most populous city in Virginia and the 41st largest city in the United States, with an estimated , USA 23452 Phone: 757/498-6650 Fax: 757/631-1096 Manufacturing Plant: E-mail: NTI NTI NewTech Infosystems (software company, Irvine, California) NTI Nuclear Threat Initiative NTI National Transit Institute (New Brunswick, New Jersey) NTI Nunavut Tunngavik Incorporated @thezone.net 687 Water Street, St. John's Water Street, developed in the early 16th century, is the oldest street in North America. It became a commercial trading outpost for the Basques, French, Spanish, Portuguese, and English. To this day, it remains the hub of commercial activity in the city of St. , NF, A1C A1C abbr. airman first class 6J9 Phone: 709/738-6440 Fax: 709/738-6443 Note: Included in this release are forward looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and is subject to the safe harbor created by those sections. Although the company believes the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations reflected in such forward looking statements will prove correct. The company's actual results could differ materially from those anticipated in the forward looking statements as a result of certain internal and external factors. |
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