iNsu Innovations Group Inc.: Announcement.Business Editors VILLE ST. LAURENT Laurent may refer to: Geography
iNsu Innovations Group Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:INU INU Inuyasha (Japanese anime series) INU Nauru, Nauru (Airport Code) INU I Need You INU Inertial Navigation Unit INU International NetWare Users INU Internal Nonhostile Unstructured ): The Company has agreed to sell its computer and technology division, owned and operated through its wholly-owned subsidiary, Gold-Tech Computer Systems Ltd. ("Gold-Tech"), which has operated unprofitably for the past few fiscal years, for a nominal amount. As part of the sale, the Company has agreed to assign its loans receivable from Gold-Tech and Gold-Tech Consulting Inc. to the purchaser for a total purchase price of $300,000, payable in instalments of $150,000 on closing and three further consecutive annual instalments of $50,000 each. The Company has agreed to a three year consulting contract with Gold-Tech for computer consulting and training courses, with annual fees of $51,500 payable to Gold-Tech at the end of each year of service. The proposed acquisition does not represent a reverse take-over or change in business of the Company. The sale of Gold-Tech will enable the Company to concentrate its business activities on its restaurant and franchising division. The closing of the agreement is subject to regulatory acceptance. On Behalf of the Board of Directors of iNsu Innovations Group Inc. Stanley Stanley, town (1991 pop. 1,557), capital of the Falkland Islands, S Atlantic Ocean, on East Falkland island. It is the main port and trading center of the islands. The name is sometimes written as Port Stanley. Ma, Chairman of the Board 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 release. |
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