Road to recovery

Brief
SSN Staff  - 
Friday, July 1, 2005

ST. AUGUSTIN, Quebec--Microtec's restructuring plan met court and creditor approval in May.
Now, the company, which has been operating under Canada's version of a Chapter 11 since the fall of 2004, can forge ahead with its restructuring.
Still left is shareholders voting on a proposal to convert Microtec shares into a share exchangeable to 0.2501202 units of the new alarm fund Microtec and financial provider Securex Financial created earlier this year.