Printer Friendly

ADVANCED MATERIALS GROUP BEGINS TRADING ON OTC UNDER SYMBOL ADMG

 CARSON, Calif., June 30 /PRNewswire/ -- Advanced Materials Group (OTC: ADMG) announces its initial trading as a result of the public merger with Wilshire Advanced Materials. The acquired company was the industrial products division of Wilshire Technologies Inc. (AMEX: WIL) which was spun off prior to the initial public offering of Wilshire Technologies, which was one of the top IPOs in 1992.
 AMG is a leading manufacturer of proprietary foams, foils, films and pressure-sensitive adhesive composites to industrial customers in the West and Southwest. It currently commands what management believes to be a significant market share position in its industry niche.
 AMG, which reported sales of $9.4 million for fiscal 1992, has been redirected and refocused on proprietary polymer materials and technology. It has an exclusive worldwide license and sales agreement for a group of hydrophilic polymers for utilization in a broad spectrum of industrial markets.
 Licensed uses include application as a breathable barrier coating for fabrics (competitive to Gore-Tex(TM)), as a protective coating (offering graffiti protection, for example), as a controlled release carrier for air fresheners and insecticides and as a hydrophilic sponge. AMG is currently working on a number of projects with major industrial companies to develop this market worldwide.
 AMG is expanding into new areas through acquisitions, corporate partnerships, licenses and new product development. The company has applied for NASDAQ and expects to file an application for NASDAQ: National Market System within the next 60 days. AMG is poised to become a recognized leader in proprietary materials and industrial products with worldwide distribution of its products expected in the near future.
 -0- 6/30/93
 /CONTACT: Michael W. Crow, chairman, or Jerry Fullerton, CFO, of Advanced Materials Group, 310-549-5444/
 (ADMG WIL)


CO: Advanced Materials Group; Wilshire Advanced Materials;
 Wilshire Technologies Inc. ST: California IN: CHM SU:


MF-JL -- SD001 -- 7013 06/30/93 09:02 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 30, 1993
Words:309
Previous Article:AMERICAN RE ELECTS JAMES A. LAWRENCE TO BOARD OF DIRECTORS
Next Article:ZITEL ANTICIPATES QUARTERLY LOSS
Topics:


Related Articles
ADVANCED MATERIALS ACQUIRES 25.1 PERCENT OF INNOVATIVE TECHNOLOGIES
ADVANCED MATERIALS ANNOUNCES PURCHASE OF OEM MEDICAL BUSINESS
ADVANCED MATERIALS ANNOUNCES THIRD QUARTER AND NINE-MONTH RESULTS
ADVANCED MATERIALS GROUP ANNOUNCES REGISTRATION OF 8.2 MILLION SHARES
ADVANCED MATERIALS REPORTS FISCAL FIRST QUARTER RESULTS
ADVANCED MATERIALS REPORTS IMPROVED FISCAL SECOND QUARTER RESULTS
ADVANCED MATERIALS GROUP REPORTS SETTLEMENT OF WILSHIRE TECHNOLOGIES CLASS ACTION COMPLAINT
ADVANCED MATERIALS GROUP NAMES J. DOUGLAS GRAVEN CHIEF FINANCIAL OFFICER
ADVANCED MATERIALS GROUP REPORTS FISCAL 1995 RESULTS
REMAINING ADVANCED MATERIALS, INC. FACILITIES EARN ISO 9002 CERTIFICATION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters