NEWS ON STRUTHERS TODAY!
Struthers, Re-emphasizing Commitment to Business Plan, is
in Final Negotiations with Potential Investment Partners
Business Wire - August 19, 1997 09:05
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LOS ANGELES--(BUSINESS WIRE)--Aug. 19, 1997--In response to a large number
of inquiries from investors and other interested parties, Struthers Industries,
Inc. (OTC:SIIS) announced today that it is in the final stages of negotiation
with potential investment partners on a plan to strengthen the Company's financial
standing and allow it to continue the implementation of its business plan.
Raoul Carroll, Struthers' chairman, said, "We have taken time to carefully
examine many possible strategies, and are nearing the end of serious and
substantive discussions that would lead to revitalizing the Company's
capitalization. Renewed financial strength would enable the Company to
again move forward with its unique and innovative business plan toward
industry leadership in advanced utility automation."
Struthers Industries, through its acquisition of Los Angeles-based
WINCOM Corp., is a telecommunications company concentrating in
advanced utility automation and data services utilizing IVDS
(Interactive Video and Data Services) wireless technology. The
statements and concepts presented here are based on the Company's
current beliefs and expectations, but are forward-looking and
subject to certain contingencies, including market demand and
competition and regulatory approval.
CONTACT: WINCOM Corp.
Raoul Carroll
Chairman
(310) 557-1875
or
Sitrick And Company
James Bourne
(310) 788-2850 |
