To: BDR who wrote (57 ) 12/27/1999 9:49:00 AM From: BDR Respond to of 417
More on the history of Stamford from SEDAR. Tatum, President and CEO of Stamford, is now President and CEO of Nanovision, formerly USIO. August 14, 1998 Stamford International Inc. ("Stamford" or the "Company") announces that the Board of Directors has approved of a transaction ("Proposed Transaction") resulting in either the dissolution of Stamford and a distribution to its shareholders of the Company's assets or a merger, share exchange or similar transaction with U.S. Integrated Optics, Inc. ("USIO") resulting in the shareholders of Stamford receiving, on the dissolution, merger or other transaction, USIO shares in exchange for their Stamford shares. The exact structure, terms and conditions of the Proposed Transaction is subject to review by the Company's professional advisors and is also subject to shareholder approval. Stamford's principal asset is 8,668,543 shares of USIO. Stamford owns over 80% of USIO, a research and development company in the high tech communications and information technology components sector. The intent of the proposed transaction will facilitate the registration of USIO securities in the United States and their potential listing on NASDAQ. Stamford's principal asset, USIO, is developing its proprietary Micro-Cavity Technology (MCT) to enhance the speed, capacity and bandwidth of telecommunications and computing products. In the opinion of the Company, USIO's high performance integrated optic devices will revolutionize the way we communicate in the 21st century. USIO is engaged in the development of photonic devices for use in the multi-billion dollar communications, data storage and information technology sectors. Company management stated "There have been no significant changes to the financial condition of the Company since the last annual general meeting (AGM)". The Company expects its auditors will complete an audit of the financial records of the Company by the end of August. When completed the Company will publish the annual report and schedule the next AGM. At the end of the next AGM, the Company will submit for shareholder's approval the proposed transaction of the Company. There are currently 22,101,657 issued and outstanding common shares in the capital of Stamford. For further information, please contact: G. Robert Tatum, President and CEO Stamford International Inc. 601 Brickell Key Drive, Suite 802 Miami, Fl 33131 Telephone: (800) 373-1664 Facsimile: (305) 373-2203 France Crawford, Secretary Stamford International Inc. Suite 1800, 8 King Street E. Toronto, Ontario M5C 1B5 Telephone: (416) 862-0887 Facsimile: (416) 862-2204