Stream Signs Purchase Agreements With a Cable Television Provider in Poland.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 25, 2000 (CDNX CDNX See Canadian Venture Exchange (CDNX). :TPP TPP thiamine pyrophosphate. Thiamine pyrophosphate (TPP) The coenzyme containing thiamine that is essential in converting glucose to energy. Mentioned in: Beriberi TPP 1. total plasma protein. 2. .) Ms. Iwona Kozak, the Secretary, Chief Financial Officer and a Director of the Company, reports as follows: Further to the Company's most recent news release of February 23, 2000, the Board of Directors of the Company is pleased to confirm that Stream Communications Ltd. ("Stream"), a joint venture company in Poland in which the Company presently has a majority interest, has, effective as at February 24, 2000, entered into two purchase agreements (collectively, the "Purchase Agreements") with Elektromontaz Rzeszow Ltd. ("Elektromontaz"), a cable television service provider located in Southern Poland, and pursuant to which Stream has agreed, subject to numerous conditions precedent and including, without limitation, prior Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) (the "Exchange") approval, to purchase all of the issued and outstanding shares and assets of Elektromontaz (collectively, the "Purchase") for an aggregate purchase price of U.S. $850,000 together with all applicable VAT taxes, which are presently estimated at approximately U.S. $121,000 (collectively, the Purchase Price"). The Company is informed that the applicable Purchase Price VAT taxes will be reimbursable to Stream upon the completion of the proposed Purchase Agreements. The Purchase Agreements, which are subject to formal documentation, also provide that, within seven days of their execution (that being on February 24th), Stream is be required to advance a refundable deposit of PZN PZN Pharmazentralnummer PZN Persoonlijk ZorgNetwerk (Dutch) 725,000 (approximately U.S. $175,000) in connection with the Purchase which will be held "in trust" and which will only become non-refundable should the proposed Purchase complete in accordance with its contemplated terms. In this regard the Company is informed that it is presently contemplated that the proposed Purchase will be formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. and must close on or about April 3, 2000. In conjunction with Stream's proposed Purchase of Elektromontaz, and subject to prior Exchange approval, the Company presently intends to advance, by way of loan or loans to Stream (collectively, the "Loan"), the aggregate principal sum of up to U.S. $1,050,000, together with interest accruing on the principal sum at the rate of 10% per annum Per annum Yearly. , compounded semi-annually and not in advance prior to maturity (collectively, the "Principal Sum"); and which Principal Sum is intended to be utilized, in part, for above-referenced and proposed Purchase Price and will be secured, contemporaneously with the advancement of any funds under any such Loan, by way of a senior fixed and floating charge on all of the shares and the assets of Stream. The Company is informed that Elektromontaz's assets presently consist of an existing cable network, with its related equipment to provide cable television services, together with over 10,000 television cable subscribers. The Company is also informed that Elektromontaz's revenues for its most recently completed fiscal year, and generated from servicing its present subscribers, exceeded U.S. 180,000. Subsequent to its proposed Purchase the Company is also informed that Stream intends to upgrade Elektromontaz's existing system utilizing broadband technology broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. and, thereafter, the Company is informed that it is anticipated that Elektromontaz's revenues may reach upwards of U.S. $500,000 per annum. The Company is informed that it is presently intended that Stream will become a leading cable and Internet multi-media services operator and provider in selected urban concentrations of Poland. In this regard it is presently anticipated that Stream will provide the following services on its own Hybrid Fiber-Coax broadband network: - cable television services: including regular terrestrial and satellite radio and television programs and Pay-Per-View; - data-transmission services: including Internet access See how to access the Internet. , Voice over Internet, Protocol (Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. ); Home Banking, Home Shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. and Virtual Servers; and - telephony services: i.e., voice transmission. Mr. Lis, President and 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 the Company, comments that "Cable and related Internet multi-media services constitute an exciting, rapidly growing global market with enormous potential in Poland. This proposed acquisition will allow Stream to efficiently enter the broadband market in Poland with the objective for further growth." The Company is informed that Stream's management is presently negotiating with further cable television providers in Southern Poland with a view to entertaining possible future acquisitions and other methods of strengthening Stream's existing subscriber base and position in that market. The Company will continue to inform its shareholders and the public of further developments in that regard, together with the ongoing operations of Stream and its potential partners, as soon as such details become available. UPDATE ON RENDERING PROJECT IN POLAND Mr. Lis reports from Poland that the Company's subsidiary, International Eco-Waste Systems S.A. ("IEWS IEWS Intelligence, Electronic Warfare, and Sensors IEWS Integrated Electronic Warfare System IEWS Integrated Electronic Warfare Suite IEWS Intelligence and Electronic Warfare Surveillance IEWS Intelligence & Electronic Warfare System "), has recently submitted for approval to the local regulatory authorities a new set of project design plans incorporating the European Union's construction standards for the construction of IEWS's initial rendering plant project in Zabokliki. In this regard the Company confirms that it is presently expected that a final civil permit will be issued within the next few days at which time IEWS expects to enter into a formal purchase agreement with K.E. Andersen Montage A/S in order to finalize the construction plans for the plant. The Company's initial reduction plant in Zabokliki, with the proposed capacity to utilize 240 tonnes of meat waste daily, is expected, when completed, to be the largest and most modern facility of its type in Poland. The Company continues to be informed that the demand for this type of operation is increasing as most of the present meat processing plants in Poland do not utilize their waste in accordance with newly introduced environmental standards. As reported recently by one of the national daily newspapers in Poland Below is a list of newspapers published in Poland. In Poland, the distinction between the broadsheet and tabloid newspapers is mostly format, as most newspapers converted to the latter in the early 1990s. , Rzeczpospolita (January 17, 2000), "...About 70% of meat industry in Poland requires modernization to comply with 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 ("EU") standards... Polish regulations will be adapted to the EU standards this year... One of the basic conditions to obtain a license to operate is to have an agreement with an EU approved, reduction plant. There is no such plant in Poland..., says Wieslaw Rozanski, President of the Butchers and Sausage Makers Guild of Poland." The Company is informed that, due to the increasing demand for rendering services, IEWS has recently generated interest from the meat processing industry encouraging the Company to pursue the development of further plants in other parts of Poland. In this regard the Company confirms that IEWS has, and continues to be, approached by certain third party financial institutions interested in either the joint venturing or financing of possible and subsequent rendering plants in Poland. The Company confirms that it continues to consider and pursue the development of further rendering plants in Poland and that Company management is continuing to proceed with very preliminary discussions regarding the possibility of financing additional reduction plants in Poland. The Company will continue to inform its shareholders and the public of further developments in that regard as they come available. ON BEHALF OF THE BOARD OF DIRECTORS OF TROOPER TECHNOLOGIES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . Per: "Iwona Kozak" --------------------- Iwona Kozak Secretary, CFO See Chief Financial Officer. and a Director THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE CANADIAN VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. Trooper Technologies Vancouver Canada http://www.trooper.com email: trooper@trooper.com TROOPER TECHNOLOGIES INC. (the "Company") Suite 1020, 400 Burrard Street Burrard Street is a major thoroughfare in Vancouver, British Columbia, Canada. It is the central street of Downtown Vancouver and the Financial District. The street is named for Burrard Inlet, located at its northern terminus, which in turn is named for Sir Harry Burrard. Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography V6C 3A6 Telephone: (604) 669-2826 Facsimile: (604) 669-2836 |
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