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Gold/Mining/Energy : MYT - Mytec Technologies -- Ignore unavailable to you. Want to Upgrade?

To: oss who wrote (802)	1/9/1998 7:55:00 PM
From: oss	Read Replies (1) \| Respond to of 1535

As per your e-mail request. This is the news release left on Canada news wire. Friday January 9, 3:20 pm Eastern Time Company Press Release Mytec Appoints European, UK Distributor MYTEC'S TOUCHSTONE PRODUCT TO BE DISTRIBUTED BY AEROTECH WORLD TRADE CORPORATION TORONTO--(BUSINESS WIRE)--Jan. 9 1998-- (TSE:MYT. - news) Mytec Technologies Inc. today announced an agreement with Aerotech World Trade Corporation of Maidenhead, England for the distribution of Mytec's Touchstone biometric technology in the UK, Europe and the Middle East. This distribution agreement gives Aerotech World Trade the ability to enhance its secure networking product line. Aerotech will distribute Mytec's newly launched Touchstone devices throughout Europe and the Middle East. As part of Mytec's distribution strategy, this relationship will enhance and expedite the widespread adoption of Mytec's finger-imaging technology as a log-on replacement for PINs and passwords. ''This relationship benefits both parties as Mytec now has the added value of a respected supplier in the UK and European financial communities and Aerotech now has the capability of adding biometrics to its product offering'' says Tom Grecco, President and CEO of Mytec Technologies Inc. Mytec offers a high security enhancement of current security solutions that corporations need to operate a secure network in today's environment. By expanding Mytec's relationships with first-class distributors the Company is certain to increase the demand for Mytec's Touchstone device. Aerotech World Trade is an independent and privately owned company operating world-wide specializing in the provision of professional services and the delivery of advanced technology products and integrated multi-technology systems. ''Our international presence and technical skills allow us to select and support appropriate technologies and quality products, such as Touchstone from Mytec, to meet the needs of our customers in the delivery of integrated multi-technology solutions'' says Charles Bass, Business Manager - Security Products, Aerotech World Trade Corporation. Aerotech provides a range of professional services covering the design and integration of IT security, computer networking and multimedia communications products and systems. It has been serving the UK, European and Middle East markets for over 50 years and maintains a number of quality approvals awarded by National/International approving authorities and manufacturers including ISO9002, Civil Aviation Authority, Westland Helicopters, British Aerospace and GEC. Mytec is a public company listed on The Toronto Stock Exchange under the trading symbol MYT. Headquartered in Toronto, Ontario with a U.S. sales office in Atlanta, Georgia, Mytec develops and markets biometric authentication solutions and security applications such as Mytec Biometric Logon for Windows NT software. Through its wholly owned subsidiary, Counterforce, Mytec also provides alarm monitoring service to over 600 partner/dealers within North America who sell, install and service security alarm systems. Contact: Aerotech: 44-0-1628 634555 (Tel.), 44/0-0168-781070 (FAX) e-mail: UKHQ@aerotech.uk.com or Mytec Technologies Inc. Brenda Lawless, 416/467-9738 416/467-5368 (FAX) e-mail: blaw@mytec.com

To: oss who wrote (802)	1/10/1998 6:36:00 AM
From: Robert Bachynski	Respond to of 1535

This just looks like another distributer to me similar to the partner they have in the USA. I'm not going to get to excited about this press release or any other until the next quarter press release is issued. But previously I stated that a restructuring cost is usually followed by a series of anouncements to boost the stock. A strategy used by these companies is to wait until they are just about certain to receive a group of orders, partnerships, mergers etc... then release a huge restructuring cost. Which we the shareholders will absorb. Then they will release the good news to boost the stock price. It's a way that we can forgive them for not being able to recoup with sales the restructuring cost. Bob