Pratt......sorry,.........wrong Pratt.....I was with a guy named Pratt in Toronto a few weeks ago, and I thought you were him. He's into SINC as well.
you will like the sounds of this:
(Applies to: SINC)
SOUTHLAND FINALISES AGREEMENT WITH WELCOME ENGINEERING COMPANY LIMITED
HONG KONG, March 26 /CNW-PRN/ - SOUTHLAND FINANCIAL, INC. (''THE
COMPANY'') OTC BB TRADING SYMBOL: SINC
The Company is very pleased to announce that it has finalised a
contract with Welcome Engineering Company Limited and its wholly owned
subsidiary, Top Express Engineering Limited (TEEL), to acquire at
Southland's discretion, TEEL's interests in existing and new strategic
reserve ducting, through-out the Special Administrative Region (SAR),of
Hong Kong. The contract is expected to be worth 300M USD over the next
five years, in terms of both existing and new infrastructure.
''This is a very important step for us in our desire to ultimetely
become the premier ''carrier's carrier'' in the region,'' said David A.
Turik, Chairman of Southland, ''Welcome/TEEL is it well respected,
professional organisation with a proven track record. While we have a
way to go to achieving our objectives. I see this contract as an
important cornerstone in the fundamental development of our
organisation.''
Southland is currently undergoing an extensive management review of
available project financing options. An announcement, is expected to be
made over the next few weeks.
Southland Financial, Inc. through its joint venture partners and
subsidiary companies aims to be the premier, independent communications
''carrier's carrier'' in South East Asia. Southland intends to provide
cost effective, high quality, value added, ''last mile'' solutions to
its custoimers.
The Company is pleased to confirm, that Kevin O'Conner, of O'Conner
Communications, Toronto, has been appointed as Investor Relations
Manager. O'Conner Communications and staff, have been engaged on a four
month contract at $6,500.00 per month, plus expenses, to provide
personal, media and electronic, investor relations services.
David A. Turik
Chairman
This news release contains forward-looking statements as detailed
by the Private Securities Litigation Reform Act of 1996. Foward looking
statements concerning, plans, objectives, goals, strategies, future
events of performance and underlying assumptions and other statements
which are other than statements of historical facts. These statements
are subject to uncertainties and risks including, but not limited to,
product and services demand and acceptance, changes in technology and
in economic conditions. All such forward-looking statements. whether
written or oral, and whether made by or on behalf of the company are
expressly qualified by these cautionary statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date hereof.
SOURCE Southland Financial, Inc.
-0- 3/26/99 /CONTACT: Southland Financial Inc.,
Investor Relations, (800) 935-2332/
(SINC)
CO: Southland Financial, Inc. ST: Hong Kong IN: FIN S |
