Sentex Systems Ltd.: Government Of Ontario Investing $647,500 Into Natunola Health's New Flax Project.Business Editors OSHAWA, Ontario--(BUSINESS WIRE)--Oct. 11, 2002 Sentex Systems Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SXS) is pleased to report that the Honourable Brian Corburn, Associate Minister of Municipal Affairs and Housing, Responsible for Rural Affairs for Ontario, has announced the making of an investment in Natunola Health of up to $647,500 for its flax project. The investment, which represent 50% of eligible costs, will be used for the capital and operational expansion of Natunola Health's existing processing plant to begin flaxseed flaxseed /flax·seed/ (flak´sed) linseed. dehulling Dehulling is the process of removing the hulls from beans and other seeds. To prepare the seeds to have oils extracted from them, they are cleaned to remove any foreign objects. Next, the seeds have their hulls, or outer coverings, removed. and processing. The investment is through the Rural Economic Development Program (a component of the Provincial Government's Ontario Small Town and Rural Development Initiative - OSTAR OSTAR Ontario Small Town and Rural Program OSTAR Observer Singlehanded Trans-Atlantic Race (sponsored by UK newspaper Observer) OSTAR Order and Shipping Time Analysis Report Red). Natunola Health, a Division of NutriBios Corp., 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. of Sentex Systems Ltd., is a unique technology driven company with excellent research, products, management and world class patented technologies. Natunola Health was founded to develop and market high value-added natural health-related products for various market sectors. Natunola Health has developed processes for high-margin, high volume applications in the functional food, nutraceutical and value-added feed industries. The original emphasis of Natunola Health was on the development and sale of unique patented vegetable oil gels for cosmetics and personal care products, as well as the veterinary industry. The new plant's processing of flaxseed will capitalize on the rapidly growing market for foods containing Omega 3 fatty acids, lignans and fibers, which contribute to retinal and brain development and may play a major role in reducing cardiovascular disease. The flaxseed kernel is a primary source of Omega 3 fatty acids, while the hull contains very high concentrations of lignans and fibers which may be used in the prevention and treatment of certain diseases, including cancer. Natunola Health started the construction of the world's first flaxseed dehulling and processing plant in July 2002. It is expecting to produce flaxseed kernel and hull in a few weeks time in the new plant. Flax kernels and hulls will be sold as food, functional food, nutraceutical and value-added feed additives. Other flaxseed ingredients and extracts will be sold in cosmetic and skin care industry. "This investment by the Government of Ontario The Government of Ontario refers to the provincial government of the province of Ontario. Its powers and structure are set out in the Constitution Act, 1867. In modern Canadian use, the term "government" refers broadly to the cabinet of the day, elected from the Legislative will certainly strengthen our flaxseed technology and will help in serving as a catalyst for this new venture that will secure jobs and increase export sales for this rural community," said Dr. Nam Fong Han, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Natunola Health. Sentex has a growing presence in the emerging Agri-biotech feed additive industry. Its wholly-owned subsidiary, NutriBios Corp., provides innovative high quality technological additives, derived from natural sources, to the livestock, poultry and aquaculture aquaculture, the raising and harvesting of fresh- and saltwater plants and animals. The most economically important form of aquaculture is fish farming, an industry that accounts for an ever increasing share of world fisheries production. industries. These products are designed to be a natural substitute for antibiotic growth promoters that are being banned in many countries of the world. "The recent addition of Natunola Health to the Sentex group has already increased opportunities for Sentex and will also bring spin off jobs for other rural stakeholders," continued Dr. Nam Fong Han. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. |
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