AZCAR Technologies Incorporated

AZCAR Technologies Incorporated

August 25, 2009 16:01 ET

AZCAR Acquires 67% of Matchframe Video, LLC

MARKHAM, ONTARIO--(Marketwire - Aug. 25, 2009) - Stephen F. Pumple, Chairman and CEO of AZCAR Technologies Incorporated (TSX:AZZ) today announced that AZCAR has acquired a controlling interest in Matchframe Video, LLC of Burbank, California, with an option to acquire the remaining 33%. Matchframe Video is a full-service media company serving motion picture, television and multimedia clients for over 20 years. The transaction, which is valued at US$ 300,000, will be settled for cash. The acquisition is expected to be accretive to earnings in 2010.

AZCAR is an independent technology integration company providing the broadcast and communications industries with value-driven solutions, consulting, engineering, systems design, integration, project management and the supply of related materials and equipment. The stock trades on the Toronto Stock Exchange under the symbol: AZZ.

Except for historical information, this news release may contain certain "forward looking statements". Forward looking statements are statements that are not historical facts and are subject to a variety of risks, uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company's expectations and projections.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • AZCAR Technologies Incorporated
    Roger Miller
    Chief Financial Officer
    (905) 470-2545 ext. 244