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Technology Stocks : Legacy Storage Systems Inter. Inc-VAST 1500 Gig
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To: Frederic Borgatta who wrote (31)10/2/1996 6:57:00 PM
From: Cascade Berry   of 64
 
This company is so useless! - bye bye Legacy

What is left - a bankrupt company and 14 million dollars -
How this stock ever got to 3.25 I'll never know.

Here's the announcement...

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: LEGACY STORAGE SYSTEMS INTERNATIONAL INC.

TSE SYMBOL: LEG

OCTOBER 2, 1996

Legacy Update

MARKHAM, ONTARIO--Legacy Storage Systems International Inc.
announced today that management is reviewing its options for the
VAST network storage server business. One alternative being
considered is the sale of the business unit.

"The level of market acceptance was not such that the company
could project the volumes necessary to sustain a viable business
unit within the Legacy structure" says David Killins, Chairman and
CEO of Legacy.

"VAST is more suitable for systems integrators who service the
narrower markets for which VAST is suitable".

Legacy Storage Systems International Inc. is an international
technology developer and data storage manufacturer providing a
broad range of network peripherals and appliances to a worldwide
market.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Legacy Storage Systems International Inc.
David Killins
Chairman and CEO
(905) 475-1077 ext. 225
(905) 475-1088 (FAX)
Dave_Killins@legacy.ca (Email)
or
Legacy Storage Systems International Inc.
John Thornton
Director, Investor Relations
(905) 475-1077 ext. 258
(905) 475-1088 (FAX)
John_Thornton@legacy.ca (Email)

INDUSTRY: DTC
SUBJECT: NWS
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