EDMONTON, Aug. 11 /CNW/ - Western America Resources Inc. (``WAR'') is pleased to announce that its wholly-owned subsidiary, CFE Equipment (``CFE'') is expanding with a new high-tech division that will focus on distributing and servicing GPS, lasers, Field Stations and software across Canada. With the recent signing of the Canadian exclusive distribution agreement for industrial high-tech equipment with Nikon Corporation. WAR is expanding its divisional operations by opening new sales offices in Calgary and Vancouver and broadening its operations in Montreal, Mississauga, Vernon and Edmonton. This new technology division will extend market penetration into the survey, oil & gas, forestry, construction and agriculture industries and increase sales with a relatively small amount of additional overhead by leveraging the current staff and distribution facilities already in place. This division will allow CFE to participate in a growth market with new sales coming from the same industry sectors they currently service. We are also pleased to announce that CFE has obtained the services of Mr. Bo Skapski as Chief Marketing Officer. Mr. Skapski has been managing national distribution of high-tech equipment for over twenty-five years and will provide WAR with a solid marketing strategy and valuable insight to new growth markets. WAR is one of the largest distributors of resource management products and high-tech equipment used in the survey, forestry, oil & gas, mining and construction markets in Canada. WAR also manufactures several of its own product lines which are exclusively distributed through its branches across Canada. WAR's growth strategy will be to focus on consolidating the current fragmented industry through acquisitions and to obtain exclusive distribution rights for new high-tech product lines. Negotiations to acquire competing companies have begun which shall create value added synergies and increased profits. ON BEHALF OF THE BOARD OF DIRECTORS WESTERN AMERICA RESOURCES INC. By: ``Donald P. Caron'' --------------------------- Donald P. Caron, CEO THIS PRESS RELEASE MAY CONTAIN FORWARD LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE THE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE INTENDED OR ANTICIPATED BY THE COMPANY. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN. -0- 08/11/98 /For further information: Mr. Donald P. Caron, President, (403) 496-9171, Fax: (403) 496-9172/ (WAR.) CO: Western America Resources Inc. ST: Alberta IN: PAP SU: -30- â -0- (CNS) Aug/11/98 09:14
WESTERN AMERICA RESOURCES INC. - EXPANDS INTO NEW HIGH-TECH
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