AZCAR Technologies Incorporated
TSX VENTURE : AZZ

AZCAR Technologies Incorporated

September 10, 2010 11:23 ET

AZCAR Sells Assets of Megahertz Subsidiary

MARKHAM, ONTARIO--(Marketwire - Sept. 10, 2010) - AZCAR Technologies Incorporated (TSX VENTURE:AZZ)Mr. Stephen Pumple, Chairman and Chief Executive Officer of AZCAR Technologies confirmed that the Corporation's wholly-owned subsidiary in England, Megahertz Broadcast Systems Limited had completed a sale of all of its operating assets to a subsidiary of KIT digital Inc. for a cash consideration. "This is a good move for Megahertz to partner with a European based company as it will help them grow and expand their business," said Stephen Pumple.

As of the date of this release, the Corporation has 15,566,350 common shares outstanding.

AZCAR is an independent broadcast and multimedia professional services organization offering a wide range of innovative digital media solutions to broadcast, and media companies, as well as non-profit organizations, government, and multi-purpose sports and entertainment venues. AZCAR's service offerings include technology solutions consulting, systems design and integration, digital media content production systems, program distribution systems, and audio visual professional systems. AZCAR serves clients from offices in the United States and Canada. For more information, visit our website at www.azcar.com.

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 and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Corporation expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • AZCAR Technologies Incorporated
    Sean Fleming
    Chief Financial Officer
    (905) 470-2545 ext. 215
    sean.fleming@azcar.com