SENCO PRESS RELEASE
[Today's close (as reported by Quicken was) $ 1.10 with a volume of 60 000 shares]
Company: Senco Sensors Inc.
Exchange/Symbol: VSE:SSZ
52 Week Hi/Low: $2.40/$0.70
Shares Outstanding: 14,000,000
Close October 20, 1999: $1.00 (+0.15)
SENCO SENSORS INC.
#1408 - 700 WEST PENDER STREET
VANCOUVER, B.C.
CANADA V6C 1G8
TEL: (604) 687 6011 or 1-800-858-0158
Website: www.sencosensors.com
For Immediate Release
Trading Symbol: SSZ.V
October 21, 1999
SENCO CARBON MONOXIDE ALARM SALES SHOW SIGNIFICANT INCREASE
VANCOUVER - Senco Sensors Inc. is pleased to report increased sales of its
Model ONE carbon monoxide (CO) alarm for August and September of 1999. Due
to expanded distribution and brand awareness, as well as growing knowledge
of the dangers of CO, preliminary sales are up significantly from the same
period last year.
"Senco's Carbon Monoxide alarm has been recognized by our customers for its
reliability, user friendly features and most importantly its ability to
provide consumers with accurate readings at both high and low levels of
CO." stated Nasim Tyab, president and CEO. "This is unique in that it
positions our product as a home safety device as well as an indoor air
quality monitor."
In September of 1998, Senco reported sales of approximately 430 carbon
monoxide alarms. Though a modest beginning to the 1998/1999 CO alarm
selling season, by the end of April sales had grown to over 30,000
units. In August and September of 1999, the Company is pleased to report
preliminary sales of more than 11,700 alarms. This growth is especially
significant given the fact that August/September is only the beginning of
the CO season and demand typically grows as temperatures drop and furnaces
come into use.
By mid-November of this year, Senco plans to launch two new carbon monoxide
alarms, Models 2002 and 2003. The new models offer key features and
incorporate Senco's top rated sensing technology and will be available to
retailers and consumers at a more economical price point.
The Consumer Products Safety Commission recommends that every home have at
least one carbon monoxide detector. Currently, however, fewer than 15% of
U.S. homes have carbon monoxide detectors. Senco Sensors Inc. is dedicated
to becoming a major manufacturer of residential carbon monoxide detectors.
SENCO SENSORS INC: Nasim Tyab, President & CEO or Brennen McLean, Manager
Investor Relations at 1-800-858-0158 or 604-687-6011.
MEDIA CONTACTS:Heather Eynon, Marketing Associate, Senco Sensors Inc. at
1-800-858-0158 or 604-687-6011 |
