Mr. Speaker, Normex Telecom, created almost 25 years ago by its president, Jacques Coutellier, has just been acquired by an Alberta company called In-Flight Phone Canada Inc. Following this acquisition, the company will be in a better position to become the leader in the communication cable installation industry in Canada.
Normex revenues, which totalled $7 million in 1995, are expected to exceed $60 million in three years because of this transaction and to help create more than 300 new jobs in the high technology industry in Montreal itself.
We are very pleased about this transaction, which confirms Montreal's leadership in the North American telecommunications industry. We hope that Canadians from all over the country will follow the example set by this transaction and continue to work together to develop a more prosperous and dynamic economy for all Canadians.