To: Pawl who wrote (36 ) 12/25/1999 10:55:00 AM From: Pawl Respond to of 417
Hi to the thread: I've been following Stamford for some time ,I don't own any,it's history and the exchange it is on,the Canadian Dealer's Network, or CDN are a bit to in question for me. Following are some news releases fromcanada-stockwatch.com : Stamford International Inc - Stamford discusses share exchange with Nanovation Stamford International Inc STFD Shares issued 27,526,658 1999-10-18 close $2.4 Tuesday Oct 19 1999 Mr. Robert Napier reports Stamford is discussing an exchangeable share transaction with Nanovation Technologies, Inc. of the United States. Stamford's sole material asset is its indirect holding of approximately nine million common shares of Nanovation. Under the transaction being discussed Stamford shareholders would receive Stamford exchangeable shares, which would be exchangeable for Nanovation common shares at a negotiated ratio, and Stamford would become a subsidiary of Nanovation. The discussions are being held with the intention of implementing the terms of a settlement order of the Ontario Superior Court of Justice resulting from applications made by certain Stamford shareholders, Stamford and Nanovation. The transaction, if it proceeds, would be conditional upon the receipt of a fairness opinion of a nationally recognized Canadian securities dealer and all required board, shareholder and regulatory approvals, and would likely be effected in the first quarter of the year 2000. Stamford also intends to finalize and disseminate its 1998 audited financial statements and call a general shareholders meeting prior to year-end. Nanovation Technologies is a high-tech company that designs and develops integrated optical devices based on its patented microcravity lasers and resonators for the growing fibre communications market. Nanovation will offer a full line of products that will include optical cross-connect switches, subnanosecond add/drop switches and wave division multiplexers. In addition, Nanovation will develop and deliver advanced photonic devices with the ability to integrate laser sources and optical switches on the same device. Nanovation initially will sell its components to telecommunications and data networking equipment manufacturers and to original equipment manufacturers that supply subsystems. Nanovation is headquartered in Miami, Fla., with facilities in Evanston, Ill. Its Web site is located at www.nanovation.com. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)