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 Audiotech's predecessor companies were founded in the 1980's to provide hearing care and related services to individuals in several B.C. communities. In 1997, management recognized the emergence of a tremendous opportunity to become an aggressive growth corporation of the highly fragmented hearing healthcare industry in North America. A dynamic management team with more than 75 years of direct industry experience was assembled and Audiotech's predecessor companies were merged with a junior capital pool company on the Alberta Stock Exchange (now part of the TSX-V) to gain access to public funding for expansion. Audiotech has since agressively expanded its clinic network now operates and manages a total of 14 hearing clinics in British Columbia, Alberta, and Idaho.
But this is only the beginning. Audiotech plans to become one of North America's
largest suppliers of hearing health care services and is presently one of only a small
handful of companies pursuing external growth through the acquisition and
consolidation of hearing clinics on a significant scale in North America.  |
Chronology of Events May 2001 opened new clinic in Airdrie, Alberta April 2001 completed the acquisition of the remaining 50% interest in Audiology and Hearing Aid Services Inc. October 2000 completed the acquisition Rocky Mountain Audiology and Hearing Aid Clinics September 2000 launched HearingDepot.com April 2000 opened a full-service clinic in North Kamloops, B.C. March 2000 launched HearingCenterOnline.com October 1999 opened a satellite clinic in Revelstoke, B.C. September 1999 opened a satellite clinic in Vanderhoof, B.C. November 1998 completed the acquisition of Matheson Hearing Aid Services Ltd. of Calgary, Alberta. July 1998 completed the acquisition of a 50% interest in Audiology and Hearing Aid Services Inc., an operator of two clinics in Idaho May 1998 completed the acquisition of the operating assets of Morgan's Hearing Aid, operator of one clinic in Calgary, Alberta April 1998 ASE approves Audiotech's acquisition of Canterville Holdings Ltd. and 525146 B.C. Ltd. as the Company's Major Transaction March 1998 completed the acquisition of 5 hearing care clinics through the purchase of all of the shares of Canterville Holdings Ltd. and 525146 B.C. Ltd. November 28, 1997 listed as a junior capital pool company on The Alberta Stock Exchange March 19, 1997 incorporated by founding directors |
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