To: J. Nelson who wrote (4249 ) 8/8/1999 4:16:00 PM From: Chris K. Respond to of 4650
Here is another press release dated August 3rd SACO Wins First Sports Stadium Contract in Europe VILLE-ST-LAURENT, QUEBEC--The Company announces that it has been awarded a contract to manufacture two screens for the El Real Valladolid soccer stadium in Spain. Worth $2.4 million, these high-resolution screens will each be 22 square metres in area and are scheduled for delivery this year. "Before choosing SmartVision technology, this client went to view some of the screens we have installed in stadiums in the United States. Our products' resolution and visibility convinced them," explained Fred Jalbout, Chairman of the Board, President and Chief Executive Officer of SACO. "We have an enviable position in the entertainment industry in Europe and are beginning to penetrate the sports stadium market, which holds tremendous potential for the Company. To take full advantage of this potential, we plan to open a European sales and technical support office in the near future. With a few screens installed and the addition of an office on site, we will then be able to rapidly raise our profile and increase our sales in Europe," concluded Mr. Jalbout. SACO SmartVision Inc. is the largest company worldwide specializing in the design and manufacture of giant new-generation screens. SACO has emerged as the world leader in the entertainment industry and among leasing companies thanks to the technological advantages of its screens, which are used by well-known artists such as Janet Jackson, Celine Dion and the Spice Girls. The Company occupies an enviable position in professional sports, having manufactured screens for the Baltimore Ravens, the Cincinnati Reds and the Houston Astros. Its products, which are also used in the racing and advertising industries, are sold in North America, Europe and Asia.