To: jjs64 who wrote (5 ) 4/27/1999 1:03:00 PM From: Grant Cash Read Replies (1) | Respond to of 7
NEWS- S &P LIST STXF SCIENTIFIC TECHNOLOGIES, INC. SYMBOL-STXF: OTC (USA) SCIENTIFIC COMPLETES ACQUISITION OF NORTHSTAR TECHNICAL STANDARD & POOR'S APPROVES SCIENTIFIC FOR CORPORATION RECORDS LISTING Scientific Technologies, Inc., a Delaware corporation, is pleased to announce that Northstar Technical Inc., a Canadian corporation, is now a wholly owned subsidiary. Northstar is a defense subcontractor and a high technology developer and manufacturer. With close to $5M spent on R&D, its advanced ocean communications technology has multiple potential applications in offshore oil and gas, defense, environment, oceanography, commercial fishing, and marine transportation. Northstar also carries out Contract Manufacturing and has developed a working relationship with a major US defense contractor for the production of submarine control consoles. Other work is expected on patrol frigates, destroyers, and military helicopters. The company will also offer its contract services to the offshore oil and gas and communications sectors. Northstar will continue its pro-environmental activities via its highly successful NETMIND Acoustic Trawl Monitoring System. NETMIND is receiving accolades from customers such as the US National Oceanic and Atmospheric Administration. Scientific is also pleased to announce that the Standard & Poor's Editorial Board has approved the Company for a full listing in Standard & Poor's Corporation Records. Additionally, the Company's description has been published in Standard & Poor's Daily News Section. Standard & Poor's Corporation Records is a recognized securities manual for ‘blue sky/manual exemption' trading in approximately 35 states. Scientific commenced trading on March 22, 1999 on the OTC Market in the US under the symbol STXF.yesinternational.com Sponsor Broker: ONYX TRADING CORPORATION of Bellevue, Washington Public Relations:Call Toll Free at 1-800-631-8127 On behalf of the Board of Directors, Wilson E. Russell, Ph.D., President