Printer Friendly
The Free Library
14,679,167 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Torstar takes larger stake in JCI Technologies "recent agreements augment value of JCI's on-line services".


VICTORIA, British Columbia--(BUSINESS WIRE)--Nov. 3, 1995--JCI TECHNOLOGIES (Alberta Stock Exchange Alberta Stock Exchange

See Canadian Venture Exchange (CDNX).
:JCI JCI Journal of Clinical Investigation
JCI Johnson Controls, Inc.
JCI Junior Chamber International
JCI Joint Commission International
JCI Japan Concrete Institute
JCI Journal of Communication Inquiry
JCI Johannesburg Consolidated Investment Company Limited
) Geoffrey Edmunds, President of JCI Technologies Inc., today announced that Torstar Corporation is exercising its right to convert 2 million warrants into JCI common shares. Torstar will receive 2 million JCI shares at an exercise price of $1.35, adding $2.7 million to finance JCI's marketing initiatives.

This most recent purchase augments the strategic alliance struck between Torstar and JCI Technologies in January 1995. At that time, Torstar purchased 4 million common shares injecting $3.6 million into JCI during its research and development phase. Torstar has an additional 2 million warrants remaining which expire in February 1997.

The Torstar purchase follows an announcement by Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail,  of Redmond, Washington Redmond is a city in King County, Washington, USA. It is situated on the eastern edge of the Seattle urban area, in what is known as the Eastside. In 2003 the Census Bureau estimated the city population was 46,391.  naming JCI Technologies as one of the first content providers to The Microsoft Network See MSN.

Microsoft Network - The Microsoft Network
 (R) (MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). ), the global online service scheduled to be available early in 1996. JCI's MATCH services, to be offered on the Internet and MSN (R), will help users find a job (JobMatch (R)), tour and buy real estate (RealtyMatch(R)), and locate their dream car (AutoMatch (R)) on the Net.

"JCI services expand on the typical bare-bones approach to on-line service" says David Galloway, President and Chief Executive Officer, Torstar Corp. "Not only can you look for a house using RealtyMatch, you can reach the real estate agent through a direct link from RealtyMatch to the agent's home page. The fully integrated MATCH services are very user friendly. That makes JCI's services attractive to buyers, sellers, advertisers and to Torstar."

"We're very pleased that Torstar is exercising additional warrants. It's a great statement of confidence in JCI from a major Canadian corporate entity" said Geoffrey Edmunds, President of JCI Technologies.

JCI currently operates JobMatch, an on-line service that matches prospective employers with Canadians looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 work. Already more than 3,000 employers have registered to use JobMatch, and more than 20,000 resumes have been entered into the JCI databank. JobMatch has received endorsement from Canada's largest industry associations including the Canadian Manufacturers Association. In addition, the federal governments plan to pilot the JobMatch service in select Canadian Employment Centres have further increased content for JCI's services.

RealtyMatch is an on-line service that allows consumers to qualify real estate searches by price, numbers of bedrooms and other attributes. RealtyMatch searches its database and provides consumers with the details of properties matching search criteria. JCI recently signed a deal to input the MLS See multilevel security.  listing of the Vancouver Island Vancouver Island (1991 pop. 579,921), 12,408 sq mi (32,137 sq km), SW British Columbia, Canada, in the Pacific Ocean; largest island off W North America. It is c.285 mi (460 km) long and c.  real estate board on RealtyMatch.

AutoMatch, which JCI plans to launch later this year, will offer computerized listings of new and used vehicles. Consumers will be able to define the criteria for their auto search and receive information on the number, details and photographs of available vehicles matching their search criteria.

JCI is Canada's premier on-line company. Headquartered in Victoria, B.C. JCI Technologies is listed on the Alberta Stock Exchange.

The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. The Microsoft Network is operated by Microsoft Corp. on behalf of Microsoft Online Services Partnership. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

CONTACT: JCI Technologies Inc., Victoria

Martin Winstanley, 604/475-0202

or 1-800-268-JOBS

Internet HTTP HTTP
 in full HyperText Transfer Protocol

Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol.
://www.realtymatch.com

or

Temple Scott Associates

Jennifer Rideout

416/360-6183
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:Nov 3, 1995
Words:558
Previous Article:Unico American Corp. reports results for its second quarter ended Sept. 30, 1995.
Next Article:Clarify Inc. Makes Initial Public Offering Of 2,000,000 Shares Of Common Stock.
Topics:



Related Articles
Farm Journal Corporation.(director of circulation named)(Brief Article)
Inside JCI Northwood. (Produce).(Johnson Controls' facility in Northwood, Ohio)
From Opening Garage Doors a Look at JCI's to Implementing Bluetooth: Electronics Approach. (Engineer).(Johnson Controls)(Company Profile)
Luxury simplified. (Design).(Johnson Controls Inc.'s Ariston luxury concept)(Brief Article)
JCI Consulting K.K.: better hunters, better musicians.(executive recruiters)(Brief Article)
Advancing cluster technology. (Design).(Johnson Controls Inc.'s product innovation )
Are suppliers too profitable? (Insight).(automobile industry suppliers)(Column)
Overhead space: the final frontier.(WIP)
Making softer, quieter seats.(WIP)
JCI FT 300.(PRODUCTS)(Kolberg-Pioneer Inc. provides information regarding its crushing machines)(Brief article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles