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Gold/Mining/Energy : Avcan (acy:vse) Company about to take off?

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To: Ron Hardy who wrote (9)5/27/1999 11:24:00 PM
From: Ron Hardy  Read Replies (1) of 23
 
Looks like Avcan has been busy - got another news release in the email.

May 28, 1999 Trading Symbol: ACN


John J. Sutherland, President and C.E.O., reports:

Vancouver, B.C. - ASC AVCAN Systems Corporation has signed a contract with Yellowhead Helicopters Ltd. to purchase a Vid/Thermal Tracker 2000 data acquisition system for $440,000. Yellowhead Helicopters, a Western Canada based operator, has 25 years of commercial experience and operates a fleet of 11 helicopters.

With the sale of this system to Yellowhead Helicopters, AVCAN will address the needs of utility companies and government agencies in the provinces of British Columbia, Alberta, Saskatchewan and Manitoba.

AVCAN has developed a technology that enables utility companies to operate more efficiently by supplying a business solution that effectively monitors and controls inventories and assets. As a data acquisition service provider with proven industry knowledge, AVCAN provides fast, cost-effective and critical information to utility companies. By generating integrated information that is vital to the planning, managing and operating of utilities, AVCAN allows utilities to gain a strong business advantage.

-30-

For further information contact:

John J. Dougherty, Director of Business Development
Phone: 604.654.1855 E-mail: johnd@avcan.com

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