Informission's New Telecom Subsidiary Acquires Beltron
Technologies Inc., Mindready Expects to Double its
Revenue in 2000
MARCH 30, 2000
MONTREAL, QUEBEC--Informission Group Inc. announced today that its
telecommunications subsidiary, Mindready Solutions Inc., has
acquired Beltron Technologies Inc., a specialized consulting firm
serving manufacturers of telecommuni-cations and networking
equipment. Mindready and Beltron will join forces to capitalize
on the growing number of business opportunities appearing in the
worldwide market of telecommunications manufacturers and solution
providers. Beltron employs 100 technology professionals and
expects revenues in excess of $15 million in 2000.
Beltron provides a variety of software and specialized electronic
solutions. These include the design of electronic circuits and
embedded software solutions for drivers, circuit boards and
various communications devices; the development and implementation
of custom applications that improve the manufacturing process; and
the development of test stations for telecommunications equipment
manufacturers.
"Earlier today, we announced the official launch of Mindready and
the vision of this new dynamic company created by Informission,"
said Daniel Dussault, President of Mindready. "We are now
announcing our first acquisition, which will allow us to
strengthen our business relationship with leading providers of
telecommunications and networking products. We are confident that
Mindready will have a very bright future in a specialized market
that is key to the future of the Internet and the new economy."
"We are very excited about embarking on this new relationship with
Mindready," said Michael Cegelski, President of Beltron
Technologies. "The similarity of our visions for international
development make Beltron and Mindready an ideal match. We are
anxious to develop the high-tech solutions needed by the leaders
in telecommunications and optoelectronics. Joining forces with
Mindready will make us an international leader in our field."
Earlier today, Informission announced the creation of a new
telecom subsidiary, Mindready, and the appointment of Mr. Daniel
Dussault as President of the new company. Mindready will provide
network-centric manufacturers and producers of high-speed
communications products with real-time, embedded solutions, which
require little human intervention.
Beltron Technologies Inc.
Beltron is a world-class provider of software and electronic
solutions for the manufacturing and telecommunications industries.
The company's solutions range from the design of electric
circuits, the development of embedded software and custom
solutions for the manufacturing industry, to the implementation of
test environments for telecommunications equipment manufacturers.
Mindready Solutions Inc.
Mindready, a wholly-owned subsidiary of Informission Group Inc.,
is a leading supplier of real-time and embedded systems software
solutions for telecommunications manufacturers. Mindready's
expertise covers design and development of telecommunications
applications, as well as implementation and management of firmware
and embedded systems. Mindready's clients include Nortel
Networks, WindRiver Systems, Boeing, Xerox and Texas Instruments.
Informission Group Inc.
Informission (TSE: IFN), a subsidiary of the Quebecor Inc. group,
is an information technology company providing e-commerce and Web
integration solutions for corporate and public sector clients in
North America, Europe and select locations around the world.
Informission employs close to 1000 professionals in its various
offices in Montreal, Quebec, Toronto, Ottawa, Seattle, New York,
Boston and Paris.
The forecast revenues for Beltron Technologies are forward-looking
statements based upon current expectations and projections about
future events prepared by Beltron Technologies. The
forward-looking statements are subject to the usual risks and
uncertainties and Informission and Mindready do not undertake to
update or revise the same. |
