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Technology Stocks : SACO SmartVision (TSE/SSV) -- Ignore unavailable to you. Want to Upgrade?

To: Veritas who wrote (9)	3/15/2001 10:54:30 AM
From: Francois Lavoie	Respond to of 16

Hi Veritas, Still alive, but as you saw if my other postings, I have no position on SSV. The company press releases are scary. They are short and rude. It kind of makes you wonder what happened behind the scenes. I don't know if Michel Gareau involvement with the company is finished, also. The guy is resident of a fiscal paradise and seems to have a whole secret corporate structure of numbered companies under him. Scary too. Anyways, let's keep ourselves updated, this could be a buying opportunity. Right now I don't trust the management one bit and I won't touch this if I don't see or hear something better than what we see. Good luck :) Francois

To: Veritas who wrote (9)	3/15/2001 11:22:18 AM
From: Francois Lavoie	Respond to of 16

The Toronto Stock Exchange - Trading Halt - Saco SmartVision Inc. - SSV TORONTO, March 15 /CNW/ - The Toronto Stock Exchange has issued the following trading halt: Issuer Name: Saco SmartVision Inc. TSE Ticker Symbol: SSV Time of Halt: 11:07 a.m. Reason for Halt: Pending News

To: Veritas who wrote (9)	3/15/2001 11:23:41 AM
From: Francois Lavoie	Read Replies (1) \| Respond to of 16

Thursday March 15, 11:22 am Eastern Time Press Release Saco Announces Issuance of Initial Order Pursuant to the Companies' Creditors Arrangement Act MONTREAL, QUEBEC--Saco SmartVision Inc. announces that its motion for the issuance of an initial order pursuant to the Companies' Creditors Arrangement Act (the ``Act'') was granted today by the Bankruptcy and Insolvency division of the Superior Court in the district of Montreal. The initial order provides for a stay of all proceedings against Saco for an initial period of thirty days, which period may be extended by the Court. In addition, the initial order authorizes Saco to file a plan of compromise or arrangement with its creditors in accordance with the Act. Ernst & Young Inc. has been appointed as Monitor under the relevant provisions of the Act in order to assist Saco in discussions with its creditors and in the preparation and filing of the plan of compromise or arrangement. Saco, which was profitable every year from 1989 until 1997, has been experiencing financial difficulties since then. Management, however, firmly believes that Saco remains a world leader in the design and manufacture of large LED video screens, destined primarily for use in the entertainment and sports industries. Over the past few months, Saco has undertaken positive steps with a view to realigning its corporate structure and balance sheet. In this regard, the third quarter of 2000 was highlighted by the installation of SMARTVISION® screens at Ohio State University and at the University of Arkansas. In the view of management, these projects, which have resulted in several new orders, have opened up new market segments for Saco. Further, Saco is presently in discussions with potential partners who are considering injecting sufficient capital into Saco to allow it to re-capitalize, renegotiate its debt and return to profitable growth. The present proceedings will give Saco the time that it needs in order to attain these objectives. Saco further announces that Mr. Rhéal Coulombe and Mr. Roger Samson recently resigned from the board of directors of Saco. Saco wishes to thank them for their contribution. Saco's shares are listed on the Toronto Stock Exchange. Contact: Saco SmartVision Inc. Mr. Ken Cavanagh Public Relations (514) 843-2386