CALGARY, Dec. 18 /CNW Telbec/ - ALERT B&C Corporation ("ALERT B&C" or the "Corporation") (TSX Venture Exchange: ACB) would like to announce that it has closed down the operation of its Montreal facilities and eliminated all employee positions.
Given the current global economic conditions and the turbulent equity markets, the Corporation believes that this is the best course of action in terms of preserving cash.
Strategic alternatives are being pursued under difficult market conditions.
About ALERT B&C Corporation
The Corporation is a BioDefence company dedicated to supplying the BioDefence market with high quality technologies, products and solutions, in order to improve and maintain the safety and the security of individuals worldwide. The Intellectual Property owned by ALERT B&C, the MAB Technology has been in use since 2001 by a variety of groups and is a globally recognized technology. For more information about the Corporation visit our new website at www.alertbiochem.com.
This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein. Investors should consult the Corporation's quarterly filings and annual reports for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. The Corporation disclaims any obligation to update these forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE ALERT B&C CORPORATION
For further information: For further information: Mr. Kurt G.J. Soost, President & CEO, ALERT B&C Corporation, Toll-free: 1-866-802-0366 (Canada), (403) 802-0366, Fax: (403) 802-0766, firstname.lastname@example.org