Manaris Corporation Announces Name Change to Avensys Corporation
12 Décembre 2007 - 2:30PM
PR Newswire (US)
Trading to Commence Immediately Under New Trading Symbol and CUSIP
Number MONTREAL, Dec. 12 /PRNewswire-FirstCall/ -- Avensys
Corporation, announced today its name change from Manaris
Corporation to Avensys Corporation. As a result of the name change,
the Company will immediately commence trading under the new symbol
OTCBB: AVNY from OTCBB: MANS and has adopted a new CUSIP number,
05356H-101. Avensys believes that the name change accurately
reflects its decision to focus its strategic efforts on furthering
the advancement of its flagship subsidiary, Avensys Inc., a leading
manufacturer and distributor of core laser and fiber optics
components and an integrator of instrumentation and turn-key
systems for environmental monitoring. Avensys Corporation has made
significant progress in meeting established goals, eliminating
non-core businesses and reducing costs while trending towards
sustained profitability. President and Chief Executive Officer John
Fraser of Avensys Corporation commented, "We are pleased to
complete the transformation of the Company to accurately reflect
our strategic direction. Over the past few quarters, Avensys Inc.
has delivered results which continue to validate our strategic
decision to make Avensys our primary vehicle for future growth."
Mr. Fraser concluded, "Our objective is to continue to maximize
shareholder value by growing revenues and by looking for
consolidation opportunities in both our Environment and Fiber
Optics component markets, as outlined in our strategic plan." Visit
the new URL http://www.avensyscorporation.com/ for Company news and
updates. About Avensys Corporation Avensys Corporation operates two
wholly-owned subsidiaries. Our Avensys Inc. subsidiary, through its
manufacturing division Avensys Technologies, designs, manufactures,
distributes, and markets high reliability optical components and
modules as well as FBGs for the telecom market and high power
devices and sub-assemblies for the industrial market. Avensys is
also a pioneer in the development of packaged fiber-based sensors
and possesses leading edge intellectual property. Avensys
Environmental Solutions, also a division of Avensys Inc., is an
industry leader in providing environmental monitoring solutions for
air, water and soil, as well as geostructure in the Canadian
marketplace. Our other subsidiary, C-Chip Technologies Corporation
(North America) licensed its technology to its technology partner
iMetrik Inc, whereby, C-Chip receives royalties from iMetrik for
its worldwide sales of GSM-based "locate and disable" products into
the "Buy Here Pay Here" (BHPH) used car market. Forward-Looking
Statements: Except for historical information contained herein, the
statements in this news release are forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause a company's actual results, performance and achievement
in the future to differ materially from forecasted results,
performance, and achievement. These risks and uncertainties are
described in the Company's periodic filings with the Securities and
Exchange Commission. The Company undertakes no obligation to
publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence
of unanticipated events or changes in the Company's plans or
expectations. For more information, please contact: Truc Nguyen or
Christopher Chu The Global Consulting Group T: +1-646-284-9400 E: |
E: DATASOURCE: Avensys Corporation CONTACT: Truc Nguyen, , or
Christopher Chu, , both of The Global Consulting Group,
+1-646-284-9400 Web site: http://www.avensyscorporation.com/
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