AZCAR Sells Assets of Megahertz Subsidiary
11 September 2010 - 1:23AM
Marketwired
AZCAR Technologies Incorporated (TSX VENTURE: AZZ)Mr. Stephen
Pumple, Chairman and Chief Executive Officer of AZCAR Technologies
confirmed that the Corporation's wholly-owned subsidiary in
England, Megahertz Broadcast Systems Limited had completed a sale
of all of its operating assets to a subsidiary of KIT digital Inc.
for a cash consideration. "This is a good move for Megahertz to
partner with a European based company as it will help them grow and
expand their business," said Stephen Pumple.
As of the date of this release, the Corporation has 15,566,350
common shares outstanding.
AZCAR is an independent broadcast and multimedia professional
services organization offering a wide range of innovative digital
media solutions to broadcast, and media companies, as well as
non-profit organizations, government, and multi-purpose sports and
entertainment venues. AZCAR's service offerings include technology
solutions consulting, systems design and integration, digital media
content production systems, program distribution systems, and audio
visual professional systems. AZCAR serves clients from offices in
the United States and Canada. For more information, visit our
website at www.azcar.com.
Except for historical information, this news release may contain
certain "forward looking statements". Forward looking statements
are statements that are not historical facts and are subject to a
variety of risks and uncertainties and other factors that may cause
the actual results, level of activity and performance to be
materially different from the Corporation expectations and
projections.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: AZCAR Technologies Incorporated Sean Fleming Chief
Financial Officer (905) 470-2545 ext. 215
sean.fleming@azcar.com
Azcar Technologies (TSXV:AZZ)
Historical Stock Chart
From May 2024 to Jun 2024
Azcar Technologies (TSXV:AZZ)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Azcar Technologies (TSX Venture Exchange): 0 recent articles
More AZCAR Technologies Incorporated News Articles