News

Spectre finds financing for German photo kiosks

September 17, 2002

VANCOUVER, British Columbia -- Spectre Industries Inc. (OTCBB:STND), which has sought financial assistance to grow its German-based automated photo kiosk division, announced on Sept. 17 that AML Leasing GmbH will serve as the company's leasing agent.

The financing agreement should enable Spectre's AutoPhotoKiosk GmbH unit to complete the deployment of 25 new kiosks before year's end, company officials said. AutoPhotoKiosk currently has contracts to deploy 20 kiosks in Germany, including units at Dusseldorf Airport and the Cologne Registration Office for Passport and Identification Card Applications.

No details of the financing agreement were announced. Spectre officials plan to place several hundred kiosks in the German market over the next three years.