Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Total Telcom (TTZ.V) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (16)	1/18/1999 2:34:00 PM
From: Crusader	Read Replies (1) \| Respond to of 38

This news release sounds very encouraging. I love how they are branching out into the area where the profits are really going to be made in the near future. In my opinion I think that this is great and management should be congratulated. EDMONTON, January 18, 1999 - Neil J. Magrath, President of D.C. Corrosion Corporation is pleased to announce today that the Corporation has signed a definitive purchase agreement with Total Telcom Ltd. and It's wholly owned subsidiary Total Telcom (US) Ltd. This strategic acquisition solidifies management's commitment to lessen the corporation's dependency on the Oil & Gas industry for revenues. Total provides a wide range of telecommunications activities including system design, detail engineering, project management, installation and maintenance of systems for voice, data, video and telemetry and is positioned to take advantage of the "information superhighway" explosive growth through the use and deployment of fiber-optics. In addition to complementing the Corporation's existing high-tech communication division of ROM Communications, present synergies with our existing corporate skill set exists with respect to engineering, project management, material procurement and construction services. Total Telcom will add six million in revenue and seventy-five (75) employees to the Corporation through eight operating centers across North America including Grand Prairie, Crossfield, Seattle, San Jose, Sacramento, Mountain Home and St. Louis. The purchase is to be facilitated entirely through the issuance of 2.5 million treasury shares of the Corporation and as such is subject to regulatory review and approval. Neil Magrath, President of D. C. Corrosion prepared and approved this news release. Ph: 403-472-0973.