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Vision Global Solutions Inc. in Final Stage of Negotiating $460,000 Agreement With Canspec Group Inc.


Business Editors

Vision Global Solutions Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:VIGSF) ("Vision"), a leading developer of Activity Based Management software, is pleased to announce today that it is at the final stages in finalizing a $460,000 contract with the Canspec Group Inc., a Rockwood Company.

Rockwood Service Corporation is the fastest growing Materials Engineering and Inspection company in the world. Rockwood businesses include Canspec, Longview Inspection, Hellier Training Institute and Sperry Rail Service Sperry Rail Service is a company contracted by most of the major railroads in North America to inspect rail.

The rail flaw detector car was invented by Dr. Elmer A. Sperry. To railways and railfans, Sperry's name is most likely associated with the Sperry Rail Detector car.
. Combining the resources of these industry-leading businesses supports Rockwood's mission of "Putting the Pieces Together" to provide tailored solutions to the ever changing needs of our clients, throughout the world.

To that end Vision Global Solutions, Inc. (OTCBB:VIGSF), offers a full range of services for efficient corporate management: database conversion: database service interfacing: network and telecommunication consulting; systemization sys·tem·ize  
tr.v. sys·tem·ized, sys·tem·iz·ing, sys·tem·iz·es
To systematize.



sys
 for business procedures; training; system and implementation support; and project management says Jean-Paul Ouellette 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. .

Rockwood seeks to continuously enhance the value of its service by focusing on the specific requirements of its clients industries. Technology and people are cornerstones of Rockwood's service efforts. Where appropriate, Rockwood seeks to unite demonstrated technology with its qualified and dedicated people. Each Rockwood Company is a leader in technology and its application to its served market. The technology developed by Vision Global Solutions will assist Canspec Group, Inc. follow the Rockwood mission.

Vision Global Solutions, Inc. (OTCBB:VIGSF), is a leading developer of Activity-Based Management Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs using activity-based costing to carry out a value chain analysis or a re-engineering initiative to improve strategic and operational decisions in an organization.  (ABM ABM: see guided missile.

ABM - Asynchronous Balanced Mode
) software, and has developed a fully integrated solutions that can help small to midsize businesses and organizations involved with either projects, activities or events, better identifying where they are and aren't making money.

Canspec Group Inc. provides materials testing, non-destructive testing and related services to the leading industrial concerns of Canada, and throughout the world. The company provides a unique combination of diagnostic, inspection and failure analysis capabilities to fully support the inspection and testing Inspection and testing

Industrial activities which ensure that manufactured products, individual components, and multicomponent systems are adequate for their intended purpose.
 requirements of the industry.

Operating from more than 32 facilities, with over 750 industry experts throughout Canada and with satellite operations in South America, the company's skills are both comprehensive and close at hand. Key materials testing and product inspection laboratories are located in Calgary, Edmonton, Toronto and Vancouver. Industry experts are strategically located to service specific industries and are frequently involved in procedure development, failure analysis and the development of practical and timely solutions for project-specific problems. The company maintains rigorous quality assurance standards, and is certified to ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 9002.

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.
 Statement under 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: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company filings with the Securities and Exchange Commission.
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Publication:Business Wire
Date:Jun 27, 2002
Words:490
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