was ranked highest among the firms that provided proposals to a review committee established by the Department of Revenue.
However, 1994 revenues included $17 million contributed by BABN
7 million from its subsidiary BABN TECHNOLOGIES, which was sold at the beginning of the current fiscal year.
7 million generated by our former subsidiary BABN during the same period last year, the revenue increase would have been approximately 25 percent.
4 million from the subsidiary BABN TECHNOLOGIES which was sold at the beginning of the 1995 first quarter.
8 million resulting from the sale of BABN is also included in these results.
Transcontinental completed three transactions during the first quarter, which had been announced during the last months of fiscal 1994; the sale of BABN, the acquisition of the Yorkville Printing Group ("Yorkville") and the purchase of the operating assets in the Montreal printing company Ross-Ellis Ltd.
The announcement and, in November 1994, the completion of the sale of BABN
Technologies, a company specializing in the design and printing of lottery tickets which had been acquired in 1993.