To: Technopeasant who wrote (435 ) 6/12/1998 10:51:00 AM From: John B. Smyth Read Replies (1) | Respond to of 856
Following please find the News Release: UNITEC INTERNATIONAL CONTROLS CORPORATION 8553 Commerce Court, Burnaby, B.C. V5A 4N4 June 12, 1998 CUSIP # 90924R104 VSE Symbol: UIC SEC. # 82-2551 UNITEC APPOINTS KEY PERSONNEL Unitec is pleased to announce the appointment of Howard Jampolsky as Vice President Corporate Relations. Mr. Jampolsky brings several years of business, financial and public relations experience to the management team and will be responsible for corporate and investor communications as well as financing activities. Through his network of associates in Canada and the U.S., Howard will inform the business community of the Company's increasing success and assist in providing new sources of financing to continue its rapid growth. The Company is also pleased to announce the appointment of William Leung as Controller, to replace former CFO, Gerry Rosenquist. William has been the Company's accountant for the past two years and is currently implementing a new Job Costing system to accurately track expenses of the growing number of projects and provide concise information for estimating new bids. At the same time the Company is pleased to announce, subject to regulatory approval, the granting of incentive options to Mr. Jampolsky, Mr. Leung, Michel Billotte, Manager, International Business Development, and other key engineering and technical personnel under which 375,000 shares of the Company may be acquired from treasury at an exercise price of $0.47 per share for a period of 5 years. Unitec is an emerging growth company specializing in advanced technology telemetry, SCADA (Supervisory Control and Data Acquisition) systems and environmental monitoring equipment for the water, electricity, oil & gas and transportation sectors. It distributes its products and services through an expanding network of independent agencies in North and South America, the Caribbean, Middle East and S.E. Asia. For further information or to obtain a current Fact Sheet, please contact Howard Jampolsky, or Tina Hoogeveen at (604) 420-8025 or email adminuic@unitec.ca. Updated product, corporate or trading information may be accessed on Unitec's Internet Homepage at: unitec.ca . On Behalf of the Board of Directors, John B. Smyth, President and Director The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein. Regards, JBS