CALIAN TECHNOLOGY CONFIRMS NO CHANGES TO BUSINESS FUNDAMENTALS
Kanata, Ontario May 13, 2004 – At the request of Market Regulations Services Inc., Calian Technology Ltd. (TSX: CTY) would like to confirm that the Company's management has no knowledge of any material change in the Company that is currently affecting the trading price of its common shares. There has been no change to the fundamental business of the Company and there has been no material change to its current operations since the Company issued its second quarter results on April 19, 2004.
"There have been no significant changes to our business operations", stated Larry O'Brien Chairman and Chief Executive Officer. "We stand behind our recently issued guidance for 2004 of Earnings Per Share in the range of $1.05 to $1.15. Our strong backlog will also provide us with a good base of revenue for future years."
Calian Technology Ltd. (TSX:CTY) sells technology services to industry and government in Canada and around the world. Calian provides customers with ready access to an exceptional team of engineers, telecommunications and technology professionals, and other highly qualified staff. The Business and Technology Services Division augments customer workforces with flexible short and long-term placements, recruitment and outsourcing of engineering and other skilled professionals. The Systems Engineering Division plans, designs and implements solutions for many of the world's space agencies and leading communications satellite manufacturers and operators, as well as providing contract manufacturing services for customers in North America.
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