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Microcap & Penny Stocks : SIIS (Struthers Industries) -- Ignore unavailable to you. Want to Upgrade?

To: mtnres who wrote (619)	11/18/1997 12:02:00 AM
From: mtnres	Read Replies (1) \| Respond to of 709

LOS ANGELES--(BUSINESS WIRE)--Nov. 6, 1997--Struthers Industries, Inc. (OTC:SIIS) announced today that it has acted to stabilize its securities by reaching agreement with the majority of its remaining debenture holders for an orderly redemption plan, whereby the $6,085,229 debenture balance owed them will be repaid over 12 months. Furthermore, these debenture holders have instructed J.P. Carey, the custodian of 4,675,000 common shares of Struthers, to return their proportionate shares to WINCO Corp., the majority shareholder of Struthers Industries. Struthers Chairman Raoul L. Carroll said Struthers soon expects to be in agreement with up to 80 percent of its debenture holders. Struthers Industries, through its acquisition of WINCOM Corp., is a telecommunications company concentrating in advanced utility automation and data services utilizing IVDS (Interactive Video and Data Services) wireless technology. Struthers recently announced a Definitive Agreement with INFOTEX, Ltd. to combine IVDS and Assure EC(tm), the first and only National Security Agency-approved C-2 Class operating system, for application in secure wireless and Internet communications. CONTACT: Struthers Industries, Inc. Raoul L. Carroll, Chairman, 310/557-1875 or Sitrick and Company James Bourne, 310/788-2850

To: mtnres who wrote (619)	11/18/1997 12:05:00 AM
From: mtnres	Respond to of 709

Struthers Industries and INFOTEX Sign Definitive Agreement to Secure IVDS and Wireless Communications through Assure EC tm, World's First and Only NSA-Approved C-2 Class Operating System Business Wire - November 03, 1997 09:54 LOS ANGELES--(BUSINESS WIRE)--Nov. 3, 1997--Struthers Industries, Inc. (OTC:SIIS) said today that, 10 days after it announced a Memorandum of Understanding between the two companies, it has signed a Definitive Agreement with INFOTEX, Ltd. to combine Interactive Video and Data Services (IVDS) with the first and only National Security Agency-approved C-2 Class operating system for application in the first secure environment for wireless and Internet communications. Struthers' subsidiary, WINCOM Corp., is the nation's largest holder of IVDS (218-219 MHz) licenses under contract. Assure EC(tm) earned the NSA's C-2 rating under the Agency's Trusted Computer System Evaluation on October 7, 1997, after six years of development. "When our companies announced the Memorandum of Understanding on October 24, we said it would be followed within 30 days by a Definitive Agreement, and we have more than met that commitment," said Struthers Chairman Raoul L. Carroll. "This agreement is a key component of the recapitalization plan of WINCOM, and represents a significant step forward for the IVDS network and the WINCOM business plan." Assure EC(tm) is manufactured by INFOTEX subsidiary Sistex, Inc. As noted in the Oct. 24 announcement, Sistex President Robert Pollock said orders for Assure EC(tm) are pending from the U.S. Government. Mr. Pollock and Russell Varnado, chairman of INFOTEX, said they are confident the agreement will have broad benefits for Struthers, INFOTEX and Sistex for the goal of totally secure operating systems. CONTACT: WINCOM Corp. Raoul L. Carroll Chairman (310) 557-1875 or Sitrick And Company James Bourne (310) 788-2850