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Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?

To: csm who wrote (566)	10/14/1998 8:21:00 AM
From: Link Lady	Read Replies (1) \| Respond to of 856

Released Oct.13/98 to Sedar Site UNITEC INTERNATIONAL CONTROLS CORPORATION 8553 Commerce Court, Burnaby, B. C. V5A 4N4 October 13, 1998 CUSIP # 90924R104 VSE Symbol: UIC SEC. # 82-2551 NEWS RELEASE Unitec International Controls Corporation announces that a debt settlement has been arranged in respect of a debt by the Company to a creditor. $60,000 will be settled through the issuance of 166,667 shares of the Company at a price of $0.36 per share. This transaction is subject to acceptance by the Vancouver Stock Exchange. 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. Product, corporate and trading information may be accessed on Unitec's Internet Homepage at: unitec.ca. On Behalf of the Board of Directors, “John B. Smyth” John B. Smyth, President and Director The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.