Business Services Industry
ITC Microcomponents Receives Approval on Escrowed Shares
Business Wire, Oct 7, 1996
VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 7, 1996--ITC MICROCOMPONENTS (VSE:ICS.) ITC Microcomponents Inc. announced today that the Company has received final approval for the transfer within escrow of 917,500 escrowed shares of the company to Mr. Derek Spratt.
Further to the company's news release dated June 10, 1996, the company has received regulatory approval to settle outstanding indebtedness by the issuance of 21,739 shares at a price of $0.46 with a hold period expiry dated June 10, 1997.
ITC Microcomponents Inc. is a leading developer of Man-Machine Interface (MMI) and Supervisory Control and Data Acquisition (SCADA) technologies. ITC is in its 5th year of operation with sales to more than 500 customers in 17 countries. ITC maintains an extensive internet website at http://www.itcmicro.com
On behalf of the Board
Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.
CONTACT: ITC Microcomponents Inc.
Derek Spratt, 604/ 685-6461
INTERNET: http://itcmicro.com
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