Most of the increase in office and administration expense is the result of the acquisition of AVVA
, which comprises $77,598 (88%) of the total increase for the period.
We are now planning a release of two new products for the roadways market by the end of 2003 that use a combination of technologies from Carmanah and AVVA
The agreement is exclusive for all of Canada, plus AVVA will be the primary manufacturer of the illuminated MIP(TM) for the Western Hemisphere, as well as a distributor and marketer of the full product line.
AVVA designs, manufactures and distributes the world's finest, energy-efficient, illuminated sign products for corporate identity, point-of-purchase sales, architectural and gaming applications.
Edge Lit believes it is the best illuminated interior sign on the market today.
's subsidiary, AVVA
Light Corporation, is pleased to announce it has been approved as a vendor to Foodservices Purchasing Cooperative Inc.
reported revenues and an operating loss for its third fiscal quarter in the amount of $284,776 and ($404,793) respectively.
As of May 1, 1995, AVVA
completed negotiations and signed a sales/distribution agreement with a well established British sign company located in London, England.
Tel Mobility has placed an initial order for 10 signs (value $8,000) to evaluate the AVVA
Under the license agreement, AVVA
will receive a royalty of US $27.
Lumberland is currently setting AVVA
up as an approved supplier.
Both Optican and AVVA
believe that royalties derived from sales will be substantially higher than the agreed net minimum royalty of U$54,000 in the first year.