Aludra Inc (f/k/a YAD.V)

[Bernard Ng]

Aludra plans placement; strengthens management team

Aludra Inc
YAD
Shares issued 10,300,000
May 11 2001 close $.200
May 25 2001 5:41:29
Mr. Aldo Baiocchi reports
Subject to regulatory approval, Aludra has agreed to a non-brokered private
placement to raise a minimum of $250,000 and a maximum of $1-million. Pursuant
to an offering memorandum, the corporation will offer a minimum of one million
common shares and a maximum of four million common shares at 25 cents per
common share.
The proceeds from the private placement will be used to complete the development
of the next generation of Aludra POS, the corporation's point-of-sale software
solution for small- to high-volume retail and specialty merchandising businesses, to
hire sales and marketing professionals to implement a strategy for marketing the
corporation's e-commerce, business management and POS software solutions, and
for general working capital purposes.
In other developments, Aludra has strengthened its management team and advisory
board with the appointments of Harold Albrecht as vice-president, finance; Melody
Syme as vice-president, sales/marketing; and Cliff Jones to the advisory board.
Mr. Albrecht, BComm, CA, has served in senior financial positions with two private
entrepreneurial corporate groups and has founded or co-founded a number of
start-up companies, one of which, Pinnacle Resources, was subject to a $1-billion
takeover in 1998. Among other achievements, he signed the NHL franchise
agreement on behalf of the Edmonton Oilers and has received a number of United
States patents for new products he has developed. Mr. Albrecht has public practice
experience with both PricewaterhouseCoopers and KPMG.
Ms. Syme, BComm, brings to Aludra an extensive and diverse background in
business development, solution selling and leading information switching technology,
for the CRM, POS/ATM, e-payment and e-commerce industries. Her other
intelligences include the business-to-business/business-to-consumer retail sector,
agreement/channel/VAR development and wireless communications. Previously,
she was the business development manager at e-Smart Direct Services
Inc./e-Smart Commerce Inc., where she was in charge of national retail sales and
initial agreement development with the following companies which sell POS debit
machines to large retailers: Verifone, IVI Checkmate, Hypercom and Tillsmith
Systems. In the hardware/software industry, she built partnerships with Softtracks,
IBM and NCR.
Mr. Jones was previously the president of Sweda Canada Inc., a private company
that is the largest POS dealer within the grocery and hospitality industries in
Canada. In his two-year tenure with Sweda Canada, he was responsible for
restructuring the company and establishing new markets, resulting in improved sales
margin and growth. Previously, he held executive positions with NCR and Choreo
Systems.
(c) Copyright 2001 Canjex Publishing Ltd. http://www.canada-stockwatch.com

signed,
Bernard