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Gold/Mining/Energy : AIT Advanced Information Technologies Corp.

AIV 5.270

-0.9%

3:59 PM EST

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To: hugh thorne who wrote (82)	9/24/1998 5:06:00 PM
From: wayne cath	Read Replies (1) of 130

President and CEO appointed AIT Advanced Information Technologies AIV Shares issued 6,015,500 Sep 23 close $0.32 Thu 24 Sept 98 News Release Mr. Stephen Sandler reports Bernard J. Ashe has been appointed to the position of president, CEO and member of the board of directors. Mr. Ashe replaces Peter Bennett, who has advised the board of his resignation from the position. Mr. Bennett has agreed to continue with AIT Corporation to complete the divestiture of the interactive security businesses. On Aug. 28, 1998 the company announced in Stockwatch its intentions to divest of the interactive security businesses, which have been operating at a loss for several quarters, to allow the company to return to profitable operation and to focus on its exciting new airline business. Mr. Ashe joined AIT Corporation in March 1997 as vice-president of sales. Mr. Ashe has held executive positions in sales and finance at high technology companies including Simware, SHL Systemhouse and Canadian Astronautics. Prior to joining AIT Corporation he was COO of the Ottawa Senators. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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