Garry
The company released a string of news releases this week, as is the usual case it seems to be buy on mystery and sell on history as the stock sold off mid week and recovered somewhat by weeks end. This story is just starting and the news releases reflect just that.
Harry
Ecoprogress Canada Holdings Inc EPO
Mon 12 May 97 News Release
Mr Andrew Galloway reports
Mr Mike Daniels, president of Ecoprogress Product Sales, has informed
Ecoprogress Canada Holdings Inc a listing has been obtained with Overwaitea
Food Stores. Overwaitea Food Stores are located throughout BC and the
listing includes the following Simplicities products: sanitary napkins
regular and super sizes, panty liners, tampons regular and super with
applicator and tampons regular without applicator.
Creative consumer advertising for Simplicities feminine hygiene products
for use in Overwaitea Food Stores is currently being produced to be used
simultaneously with planned cross media advertising.
Tue 13 May 97 News Release
Mr Mike Daniels reports
A second listing for Simplicities brand feminine hygiene products has been
obtained. Save-On-Food stores, located throughout BC and Alberta, will have
the following products available: sanitary napkins regular and super sizes,
panty liners, tampons regular and super with applicator and tampons regular
without applicator.
Creative consumer advertising for Simplicities feminine hygiene products
for use in Save-On-Food and Drug stores is currently being produced to be
used simultaneously with planned cross media advertising.
Wed 14 May 97 News Release
Mr Mike Daniels reports
Indigo Marketing Inc, a natural products broker, has been appointed to
represent Simplicities brand feminine hygiene products to the
natural/health food store business across Western Canada.
Indigo Marketing Inc, located in Vancouver, represents Lifestream Natural
Foods, Nature's Path Foods and Yves' Veggie Cuisine, among other well known
natural food companies.
Indigo Marketing Inc presently represents clients to 800 natural/health
food stores throughout Western Canada.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
Fri 16 May 97 Acquisition
The VSE has accepted for filing an acquisition agreement dated November 12
1996 between the company and Ecoprogress International Ltd (an arms-length
private company domiciled in the UK and beneficially owned by Barry
Muncaster, Richard Brown and Malcolm Brown) whereby the company can buyout
its ongoing US$6,000 per month research & development obligation to
Ecoprogress. The R&D obligation is a clause in the exclusive licence
agreement between the company and Ecoprogress (the licensor) whereby the
company was granted the exclusive Canadian rights to a proprietary
composite film material known as B-9 TM film.
Consideration for the R&D buyout is 821,970 shares of the company valued at
US$184,990 which represents two year's contributions together with all
arrears presently due.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatc |
