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
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
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
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.
/For further information: Mr. Donald P. Caron, President, (403)
496-9171, Fax: (403) 496-9172/
CO: Western America Resources Inc.
-0- (CNS) Aug/11/98 09:14
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