Registrant: Web Pack International Inc.
500 - 160 Eglinton Ave. E.
Toronto, ON M4P3B5
CA
Domain name: WEB-PACK.COM
Administrative Contact:
Chum, Edmond web@viraguard.ca
500 - 160 Eglinton Ave. E.
Toronto, ON M4P3B5
CA
416-440-1925
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Veridien Corporation
11800 28th Street North · St. Petersburg. FL 33716 · Tel: (727) 572-5500 · Fax: (727) 572-5708
Location and Contact Information:
Call 1-800-345-5444
for more product and sales information
to sales@viraguard.ca
Mailing Address:
Veridien Corporation
2875 MCI Drive
Pinellas Park, FL
33782-6105
http://www.viraguard.ca
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VERIDIEN CORPORATION
Dated: August 16, 2004 By: /s/ Sheldon C. Fenton
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Sheldon C. Fenton
President & Chief Executive Officer
Veridien, Norpak enter strategic alliance
ST. PETERSBURG, FL -- Veridien Corp. (OTC BB:VRDE), manufacturer of disinfectants, antiseptics, skin cleansers and sterilants designed to be nontoxic and environmentally safe, has announced it has formed a strategic alliance with Norpak Manufacturing Inc.
Norpak, a Canadian medical products manufacturer and distributor, and Veridien have signed an international and domestic sales, marketing and distribution agreement.
Specializing in the high-volume manufacturing of alcohol swabs, Norpak also produces a wide variety of towelette-based products for use as skin cleansers, hard surface disinfectants and other applications under its own brand names or private labels.
"The alliance will create a strong marketing advantage for both companies' products when approaching prospective customers and should result in higher market penetration and millions in sales growth for both Veridien and Norpak," says Mickey Cruickshank, president of Norpak.
cmmonline.com
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935934 ONTARIO LTD.
During late 2001, 935934 Ontario Ltd., a company of which Sheldon C. Fenton is an officer and director, purchased $480,000US (plus accrued interest) of the accounts receivable owed for inventory by The SunSwipe Corporation L.L.C. (a wholly owned subsidiary of Veridien) to Norpak Manufacturing Inc.
During 2004 935934 Ontario Ltd.assigned their interest in these monies to Dunvegan Mortgage Corporation and a third party non-related party, who subsequently agreed to
transfer these monies to 3 year Convertible Debentures.
sec.edgar-online.com
[4] BDC originally agreed with BNS that a receiver should be appointed but changed its position and opposed the appointment of the receiver after it entered into a side deal to sell the security to Web Pack International Inc. ("Web Pack"), a company controlled by Norpak's principals. As found by both Himel J. and Farley J., this was not a situation where a secured creditor could just pull out its security. That agreement had the effect of preferring BDC over other creditors and creating a situation of unfairness. Himel J. specifically rejected BDC's position that the agreement was the best way to deal with the security and also that a receiver should not be appointed over all assets of Norpak.
[5] Web Pack's revised bid was ultimately selected and the receiver believed that the sale was in the best interests of all creditors, including BDC. The process undertaken by the receiver was fair and took into account the interests of all creditors. The receiver always acted on the direction of the court. |
