Hi Bill
Sorry it took me so long to answer, just been busy thats all. I could paraphrase what I read but I think in this case the actual news release might be better so here it is
At the Company's Annual General Meeting held on December 18, 1996,
the then Chairman of Beckett Technologies Corp. initially announced that the Annual General Meeting was to be adjourned and
would be reconvened sometime in January 1997. A motion to adjourn
the meeeting was called for by the then Chairman and a poll was
demanded and consented to by the then Chairman. Prior to the poll
being conducted the then Chairman abruptly announced that the
meeting was adjourned and immediately thereafter vacated the
Chair, both without the consent of the meeting. The Shareholders
who remained in attendance completed the poll and voted to
continue the meeting. A new Chairman for the meeting was
nominated and elected, and subsequently the business of the Annual
General Meeting as completed resulting in the election of a new Board of Directors.
On December 19, 1996, Beckett Technologies Corp. announced that
the Annual General Meeting was held and completed and that a new
Board of Directors were elected. In addition, it was announced
that the newly appointed Chairman of the Board, Mr. Verne Anderson, had secured commitments for funds to boost the operating capital for the Company.
The Company is also pleased to announce in addition to the re- election of Messrs. Donald Beckett and Albert Cavan, that the
newly elected Board of Directors consists of Messrs. Verne Anderson, Ivonis Mazzarolo and Ms. LeAndrea Drum.
Since 1995, Mr. Verne Anderson of California is President of Anderson Consulting Associates which provides financial and management services for pubic companies. Prior to 1995, Mr.
Anderson served as a senior manager with First Pacific Network, a high-tech company and from 1989 to 1992, he was Vice-president of Corporate Sales for NEC America, a telecommunication firm.
Mr. Ivonis Mazzarolo of Montreal, Quebec is the Founder and has been President and Chief Executive Officer since 1967 of Heat Seal Packaging Inc. an international flexible packaging manufacturer
specializing in the food and pharmaceutical markets. Mr. Mazzarolo is also the Founder and has been the President and
Chief Executive Officer since 1985 of M & N Plastics Inc. a plastic lid manufacturer serving the United States convenience
food market. Ms. LeAndrea Drum of Clearwater, Florida is an attorney whose
practice focuses on international business. For the past two years she has been working on multi-national transactions
involving the U.S., Caribbean, and South America, in a variety of business areas with an emphasis on telecommunications. Her
experience includes acquisitions, finance, government/diplomatic relations, negotiations and contracting for start-up and existing businesses. As a result of these developments the Company continues to be optimistic about the future of your company.
Since then there have been several other news releases that at least to my inexperienced eye appeared quit possitive. I also believe this could be a mover. I downloaded a copy of their financials yesterday but haven.t had a chance to do any analysis yet.
What do you know about them
Thanks Rick |
