For Immediate Release – August 29, 2003
Toronto, Ontario – Spectra Inc. (SSA: TSX Venture) announces that it is filing for acceptance by the TSX Venture Exchange, a proposed private placement with Lauria & Hill Electrical Manufacturing & Supply Ltd. of 500,000 common shares at a purchase price of $0.10 per share.. The private placement will be subject to hold periods under applicable securities legislation.
Lauria and Hill is a privately held corporation supplying products to the automotive industry. It’s sister company, Automotive Custom Cables supplies cables to the automotive and transportation industry, including cable components for Spectra Products Inc.’s Brake Inspector system.
Spectra Inc. is a vertically integrated supplier of innovative products and services to the Commercial Transportation Industry and the Professional Trucker. Spectra’s product line increases productivity, reduces maintenance costs and improves fleet safety and includes Brake Safe® and SureStrokeä, visual brake stroke indicators, Brake Inspector ä a new, advanced electronic air brake diagnostic system and the Termin-8R® line of anti-corrosion and extreme pressure lubricants.
On behalf of the Board of Directors,
Andrew J. Malion, Chairman, Spectra Inc. www.spectra-ssa.com
Investor Relations: 1-800-308-5255 E-Mail: ssa@spectra-ssa.com
The TSX VENTURE Exchange has neither approved nor disapproved the information contained herein |
