ST SYSTEMS CORP ("SYT-V") - Raises $539,000 Through Exercising of Insider Options
ST Systems Corp., a leading manufacturer and marketer of restaurant Point-Of-Sale (POS) systems, announced that CDN$539,000 has recently been added to the Company''s treasury through directors, officers, employees and other insiders exercising 713,500 outstanding options priced at CDN$0.45-0.80.
Mr. J. Douglas Bailey, Chairman and Chief Executive Officer of ST Systems, said he is pleased that 16 ST Systems insiders and employees with outstanding options have recently chosen to exercise, thereby boosting the Company''s working capital and providing a strong vote of confidence in ST''s future.
ST Systems, through its subsidiaries Sable Technologies and Documentor Sciences, provides experienced, professional systems-integration services, addressing the POS and back-office needs of both table-service and quick-service restaurants. With its deserved reputation for 24-hour service and customer loyalty, ST Systems is favorably positioned for continued growth and profitability into the new millennium. Further information can be found at the ST web site: www.sabletechnologies.com.
Shares of ST Systems trade on the Canadian Venture Exchange under the symbol "SYT". U.S. SEC exemption: 12g3-2(b)82-4094. TEL: (416) 868-1079
Marla Gale or Cathy Hume
Investor Relations, Hume, Kieran Inc. EMAIL: marla@humekieran.on.ca |
