QCC Technologies Inc.

QCC Technologies Inc.

August 08, 2005 20:31 ET

David Mullen Appointed as Chairman of Board and Director; Acquisition of Shares of QCC Technologies Inc.

CALGARY, ALBERTA--(CCNMatthews - Aug. 8, 2005) - QCC Technologies Inc. ("QCC") (TSX VENTURE:QCC) is pleased to announce that David Mullen has been appointed as a director and the Chairman of the Board of Directors of QCC. David Mullen is Vice-President of Mullen Trucking LP and a director of Shear Minerals Ltd. and Copperfox Metals Inc.

Lyncorp International Ltd. ("Lyncorp"), a corporation controlled by David Mullen, acquired a total of 12,647,534 common shares of QCC. Following completion of this acquisition, Lyncorp owns 14,305,858 common shares of QCC, representing approximately 50% of the total number of common shares of QCC issued and outstanding. It is anticipated that Lyncorp will complete the acquisition of the final 1,875,000 common shares identified in QCC's news release dated July 20, 2005 on or about August 15, 2005. Lyncorp is purchasing common shares of QCC for investment purposes. Presently, Lyncorp does not have any intention of acquiring any further securities of QCC, but may acquire ownership of or control over further securities of QCC in the future depending upon market circumstances.

"The Canadian Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release."

Contact Information

  • QCC Technologies Inc.
    Sid Dutchak
    President and CEO
    (403) 242-6041
    Email: sidd@shaw.ca