Hamilton, Bermuda, November 10, 1999 - Bermuda Aviation Services Ltd., wishes to inform The Bermuda Stock Exchange that the company has acquired an interest in D. E. Mortimer & Co., Ltd.
D. E. Mortimer began as an institutional chemical company in 1960 but has evolved into a wholesale company with a diverse range of products including dry goods and foiod products.
The integration of this company into BAS Ltd . fits well with our strategic plan to diversify into areas that support and enhance our core business.
We are pleased to report that the management of the D. E. Mortimer, who continue to hold a substantial holding in the company have been retained as has the long serving staff, ensuring a smooth transition and no interruption in service to their substantial list of clients.