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Cervin Capital Corporation
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5/10/1999
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MONTREAL, May 10 /CNW/ - Cervin Capital Corporation (ASE: CCK.A), a
Junior Capital Pool company trading on the Alberta Stock Exchange, today
announced that Les Recherches R.A.N.K.I.N. Research Corporation, which will
shortly become Cervin's wholly-owned subsidiary in a transaction conditionally
approved by the Alberta Stock Exchange, has entered into an agreement with
Assurance Asserpro (a major Quebec insurance broker) for the purchase of a
significant quantity of Boomerangs. This agreement is expected to generate
revenues of approximately $400,000 over the next eighteen months.
The Boomerang, patented by Rankin, is the central device in a
cellular-based tracking system for the recovery of stolen automobiles, heavy
equipment and valuable objects. Utilizing the cellular system of Bell
Mobility, the Boomerang is capable of functioning indoors, underground and
inside metal freight containers and in many other previously inaccessible
conditions.
The Boomerang has been endorsed by major insurance companies and law
enforcement organizations as an effective system for locating stolen articles
within a short period of time. It has been responsible for the recovery of
over $6 million of stolen assets in the last eighteen months. Rankin's
customers include some of Canada's major corporations.
The Alberta Stock Exchange neither approves nor disapproves of the
information contained herein.
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| Boomerang
Tracking Inc. assembles, markets and distributes
the Boomerang Tracking System, a proprietary product
using technology patented by the Company. The
Boomerang Tracking System is the central device
in a cellular-based asset tracking system utilizing
the wireless systems of major regional telecommunications
companies. The Boomerang Tracking System is capable
of locating stolen automobiles, heavy equipment
and valuable objects. The Company's proven recovery
record has received endorsement by members of
the insurance industry. The Boomerang Tracking
System is installed through a network of authorized
dealers located throughout the provinces of Quebec,
Ontario and British Columbia. The Company's head
office, research and development, production and
corporate installation facilities are located
in Montreal, Quebec. Boomerang is a registered
trademark of Boomerang Tracking Inc. The shares
of Boomerang Tracking Inc. trade on The Toronto
Stock Exchange under the symbol BMG. |
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