21ST Century Frontier Group Signs Letter of Intent with Cycletech for Licensing Agreement.MOUNT LAUREL, N.J.--(BUSINESS WIRE)--May 5, 1998--21ST Century Frontier Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TCFG TCFG Trillion Cubic Feet of Gas (Natural Gas) ), a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. announced Tuesday that it has entered into a Letter of Intent to purchase a License granted by Cycletech Inc. to 21ST Century Frontier Group, which offers exclusive worldwide rights for the License. The License is to commercialize the use of a "state-of-the-art" Cryogenic Liberation Process. This process will yield three different finished products. The first being the standard "Crumb Rubber," the second product will be an enhanced Mechanically De-vulcanized Rubber, and the third will be Thermo-plastic/Rubber Compounds for the Injection and Extrusion Industry. Under the terms of the Licensing Agreement, 21ST Century Frontier Group will use Cycletech's facility located in the town of Greenport, Columbia County Columbia County is the name of eight counties in the United States:
Cycletech Inc. will provide the crumb rubber material which is currently operating under permission from the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Department of Conservation. This is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the completion of 21ST Century Frontier Group's purchase and assembly of the devulcanizing machinery and equipment. Cycletech plans to commercialize and exploit the above described processes over the next 90 - 120 days. Following a successful completion of these technologies for commercialization, minimum of three additional plants are slated to be built. 21ST Century has received numerous contacts from other outside recycling facilities that have express interest to use our process. Laurence Zitkevitz, president and chairman of 21ST Century Frontier Group stated, "The thermo-plastics process may allow 21ST Century to expand our free standing computer-controlled reverse vending aluminum recycling machines for supermarkets throughout the United States, by possibly offering the recycling of assorted plastic bottles at our locations. This would create a value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. cost effective end product for the recovered plastics." This press release contains forward looking statements which involve numerous risks and uncertainties. The company's actual results could differ materially from those anticipated in such forward looking statements as a result of certain factors, including those set forth in the company's filings with the Securities and Exchange Commissions. Investors are specifically advised to review the company's materials carefully before making any investments. CONTACT: 21ST Century Frontier Group Laurence Zitkevitz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 609/802-9200 www.emccorp.com |
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