SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: SSP who wrote (10034)9/21/1999 1:38:00 PM
From: SSP  Respond to of 150070
 
NIR:TSE - VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 21, 1999--Napier
International Technologies Inc. (NIR.TSE) and Biowash Products Inc.
are pleased to report that shareholders of Napier have voted
overwhelmingly in support for the merging of the two companies. The
deal when concluded will see Napier issue 8 million shares (2 million
of which will be escrowed until combined sales achieve a milestone of
$10.0 million) and 1 million warrants at $1.26 per share. A cash
payment of Cdn $3.0 million will be paid to the Biowash shareholders
at closing, expected to be on or about October 20, 1999.
On closing, Peter Palkovsky and Brian Morse will become Directors
and Strategic Officers in the Napier management team. Mr. Palkovsky,
current President of Biowash with over 15 years of management
experience in the coatings, contract painting and stripping industry,
will become President of Napier and directly oversee all market
development strategies. Mr. Aelicks, current President of Napier, will
become Chairman to manage corporate development and the public affairs
of Napier. Brian Morse, with over 30 years of chemical research
development and manufacturing experience, will be appointed Vice
President of Research Development and Operations.
The three above named officers as well as Napier's chief chemist
and inventor of Napier's entire product line, Sergio Vitomir, have all
agreed to minimum 3 year contracts to dedicate their expertise and
enthusiasm to the growth of this great new opportunity.
Shareholders have also given the directors the discretion to
change the name of the Company from Napier International Technologies
to Napier Environmental Technologies Inc. or such other similar name
as may be approved by the Napier Board and the
Registrar of Companies.

ON BEHALF OF THE BOARD OF DIRECTORS
Bradley T. Aelicks, President/Director

The Toronto Stock Exchange neither approves nor disapproves the
contents of this news release which was prepared solely at the
discretion of management.

--30--ajg/in*

CONTACT: Napier International Technologies Inc.
Jason Cubitt, 604/ 801-6664
or
Napier International Technologies Inc.
Don Mosher, 604/ 801-6664
Website: www.napierintl.com
Email: nir@direct.ca



To: SSP who wrote (10034)9/21/1999 1:40:00 PM
From: Jim Bishop  Read Replies (1) | Respond to of 150070
 
CRCG ?? but all I find are 144 filings.