NBS Technologies To Change Its Name To MIST Inc.

Toronto-based NBS Technologies Inc. April 28 announced that it proposes to reorganize its business by separating its card issuance business, which includes the imprinter, card solution and card issuance operations and its wireless transaction solutions business. The card issuance business will be sold to NBS Holdings Limited, to be owned jointly by Trilon Financial Corp. and CAI Capital Corp. and affiliates, the company's major shareholders, and will operate under the name NBS Holdings Limited. The wireless transaction solutions business will continue to be owned by the company and will operate under the MIST brand name. Subject to regulatory and shareholder approvals, the company will change its name to MIST Inc. and will seek approval of the Toronto Stock Exchange to change its ticker symbol. Ken Kivenko will continue to lead the card issuance business as the president and chief executive officer of NBS Holdings Limited.