Circa Completes Distribution Agreement with Anixter International
CALGARY, May 17 /PRNewswire/ - Circa Enterprises Inc. (CTO-TSE), a manufacturer of electrical components for the telecom industry, has finalized a distribution arrangement with Anixter International, whereby Anixter has agreed to stock Circa's telecom protection equipment in its regional warehouses in the United States. Based upon the success of existing similar arrangements, Circa believes that this agreement could result in a significant increase in sales to the United States market. Circa specializes in manufacturing high quality, cost-effective equipment and as well its DSL enclosures are utilized in expanding existing copper telecommunication line capacity and bandwidth to carry voice/date and telephone information. Anixter is a world leading communications, products and cable distribution company with sales of approximately US $3.5 billion. It conducts business on a global basis, serving its 85,000 customers from 171 sales and service locations in 40 countries. Anixter was founded in 1957 and is headquartered near Chicago, Illinois. Circa Enterprises Inc. is a public company with offices in Alberta and Florida. Sales for the year ended December 31, 2000 were more than $24.3 million with net income of $1.9 million. Circa Enterprises Inc. trades on the Toronto Stock Exchange under ticker symbol CTO. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
SOURCE Circa Enterprises Inc.