SACO Wins Second Contract in Spain: This $3 Million
Friday September 3, 9:13 am Eastern Time
Contract Adds to a Well-Filled Order Book
VILLE ST-LAURENT, QUEBEC--The Company announces that it has been awarded a contract to manufacture two screens for the Real Oviedo soccer stadium in Spain. Worth $3.0 million, these high-resolution screens each cover an area of 24 square metres and will be delivered in 1999.
``Soccer games attract large numbers of European fans and new stadiums are being built to meet the brisk demand. The decision of the owners of the El Real Valladolid stadium, to whom we sold a screen in August, has prompted another Spanish professional sports club to choose a SACO product. Soccer fans in the town of Oviedo, in Northern Spain, will thus be able to view replays, close-ups and advertising by sponsors as soon as the construction of their new stadium is completed,' indicated Fred Jalbout, Chairman of the Board, President and Chief Executive Officer of SACO.
``We will soon have two facilities in Spain, which will highlight our products' technological superiority. By raising the quality of the show offered to professional sports fans, we thereby create a strong demand for our products. Given the interest shown by other stadium owners in Europe, we are confident that this breakthrough is just a beginning,' concluded Mr. Jalbout.
SACO SmartVision Inc. is the largest company worldwide specializing in the design and manufacture of giant new-generation screens. SACO is the world leader in the entertainment industry and among rental companies thanks to the technological advantages of its screens, which are used by well-known artists such as Janet Jackson, Celine Dion and the Spice Girls. The Company also holds an enviable position in professional sports, racing and advertising. In the advertising industry, SACO has moreover been mandated by NASDAQ to build the world's biggest screen.
--------------------------------------------------------------------------------
Contact:
SACO SMARTVISION INC.
Fred Jalbout
Chairman of the Board, President and Chief Executive Officer
(514) 745-0310
www.smartvision.com
or
SACO SMARTVISION INC.
Gaston Perron
Vice-President and Chief Financial Officer
(514) 745-0310
www.smartvision.com
--------------------------------------------------------------------------------
More Quotes and New |
