For Immediate Release BIV - Alberta Stock Exchange
BCB REPORTED AT RECENT ANNUAL MEETING NEW PRODUCTS COMING TO MARKET, SALES INCREASING,
STRATEGIC ALLIANCES UNDER DISCUSSION
April 17, 1998 - MARKHAM, ONTARIO - BCB Holdings Inc., at the request of the Alberta Stock Exchange, announced today it knows of no reason for the sudden strength in its common shares other than broader dissemination of information presented to shareholders at the Company's Annual and Special Meeting of Shareholders on March 25, 1998.
Ken Murton, Chairman and President of BCB stated, "Apparently there is a rumour going around that a major multinational corporation has made an offer to acquire BCB. No such offer has been made and none is anticipated."
The information provided to shareholders at the meeting last month included a report on (i) the Company's new digital hand held recorder and audio player software scheduled to be brought to market this summer, (ii) continuing growth in sales and (iii) discussions by the company with several prospective strategic alliance partners.
Murton added, "Successful completion of current discussions regarding strategic alliances should have a very positive impact on BCB." He added, as a note of caution, "While discussions are at an advanced stage with regard to one such alliance, in particular, no assurance can be given, as yet, that they will result in consummation of this transaction."
BCB Holdings Inc. owns and operates BCB Technology Group, a developer of innovative systems and services in computer-based voice processing markets, and Granville Research Inc., which designs and implements Internet-based networks. BCB means Better Communication in Business.
For more information contact:
Peter Vanderlee
BCB Holdings Inc.
(905) 948-8266 ext. 204
Flora Wood
CEF (416) 777-0001
The Alberta Stock Exchange has neither approved nor disapproved the
information provided herein. |
