News flash: Wirekraft Ind. signs license agreement! this is tremendously good news to Pag shareholders. You might well have guessed that something like this was going to happen, when Mr.de Sousa Costa bought in very heavily into Pag just recently. Insider trades (properly reported) are the best indication of corporate health. They sell, you sell; they buy, you buy.
The word is now, BUY. I can see this stock going up to my last purchase point (.30) within a week; after that, just watch for more license announcements in the USA and in Japan (eventually).
Give credit where it is due, to a competent and ethical management.
This is NOT a $.18 stock. Expect it to be $1 by Xmas if litigation (Noma, P.Elec.?) remains a minor factor.
Frederick Bealle
Toronto
TORONTO, ONTARIO--Paige Innovations Inc. announced today that its wholly owned subsidiary Paige Manufacturing Corp. ("Paige
Manufacturing") has signed a major license agreement with
Wirekraft Industries Inc. of Delaware. Paige is the owner of the
space-saving FlatPlug(R), the first significant improvement to the
traditional wall plug in 75 years.
Under the new agreement, Wirekraft will manufacture FlatPlug
extension cords for the extensive U.S.-based retail consumer
market. Wirekraft currently manufactures Paige's FlatPlug for use
in its own OEM products and appliances.
Wirekraft is a division of International Wire, one of the largest
U.S. producers of wire harnesses for appliances, cord sets,
resistance heaters, truck trailer cables and specialty wire
assembles. International Wire is a member of the General Electric
Group of Companies. Wirekraft Mexican-based manufacturing plant
will give Paige the ability to supply their North American
customers more efficiently.
"With the Wirekraft agreement, we have enhanced our ability to
market and sell FlatPlug to OEM and retail consumer markets in the
United States," says Alberto de Sousa Costa, president and C.E.O.,
Paige Manufacturing Corp, "We're receiving enormous interest from
OEM manufacturers who recognize that FlatPlug means real added
value to customers because of its safety, space-saving and
aesthetic features."
Established in 1991, Paige Innovations Inc. is one of Canada's
leading edge product development companies. Paige Manufacturing
Corp. is incorporated under the laws of California. Paige
develops, patents and markets superior quality electrical power
distribution products for the consumer and original equipment
manufacturer including FlatPlug. With its head office in Toronto,
the company has more than 10 licensing agreements strategically
located around the world and is the holder of over 80 patents and
trademarks worldwide for FlatPlug products. The common shares of
Paige Innovations are listed on the Toronto Stock Exchange under
the trading symbol "PAG".
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FOR FURTHER INFORMATION PLEASE CONTACT:
Paige Innovations Inc.
Alberto de Sousa Costa
(416) 932-8822 ext. 25
or
Continental Communications
George James
(416) 964-6444 ext. 436 |
