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| Financial
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Announcement
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Cervin Capital Corporation
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Press Release
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6/8/1999
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Cervin Capital Corporation (ASE: CCK.A), a
Junior Capital Pool company trading on the Alberta Stock Exchange, announces that Les Recherches R.A.N.K.I.N. Research Corporation (``Rankin''), which will shortly become Cervin's wholly-owned subsidiary in a transaction conditionally approved by the Alberta Stock Exchange, entered into an agreement with BC TEL Mobility, a leader in wireless communications in British Columbia. BC TEL Mobility offers the full spectrum of wireless communications in the province
of British Columbia, from digital PCS and wireless data to cellular and satellite services. This agreement is similar to the one entered into with Bell Mobility in the provinces of Quebec and Ontario. Consequently, this
agreement is material in the sense that it will allow Rankin to have access to a brand new market, namely the province of British Columbia. Rankin, in conjunction with BC TEL Mobility has scheduled June 23, 1999 as the official launch date. Rankin will then immediately begin to fill existing orders for
the Boomerangs from all of it's British Columbia retailers.
Rankin markets a patented product, trademarked in Canada as a vehicle
security system called ``Boomerang'', a cellular-based tracking system capable
of locating stolen automobiles and other articles. The Boomerang functions
indoors, underground, inside metal freight containers and in many other previously inaccessible conditions. Rankin's clients include some of Canada's major corporations and law enforcement organizations.
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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