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Advanced Lumitech, Inc. Status and Update Summarized Information.


Business/Technology Editors

WELLESLEY, Mass.--(BUSINESS WIRE)--May 9, 2002

Advanced Lumitech Inc. ("Advanced Lumitech" or the "Company")(OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
: ADLU ADLU ADSL Distribution Line Unit ), announced the following:

General Information

Advanced Lumitech is currently doing business under the trade name BRIGHTEC. The Company's new mailing address is 200 Linden Linden, city, United States
Linden, city (1990 pop. 36,701), Union co., NE N.J., in the New York metropolitan area; inc. 1925. During the first half of the 20th cent.
 Street, Suite H-314, Wellesley, Massachusetts Wellesley is a town in Norfolk County, Massachusetts, United States. The population was 26,613 at the 2000 census. It is best known as the home of Wellesley College and Babson College.  02482 - USA. The Company's telephone number is 508-647-9710.

During the last six months, the Company raised $514,500.00 from a single investor through the purchase of 30,000,000 shares of the company common stock at a purchase price of $0.01 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 and through the exercise of a warrant to purchase 15,000,000 shares of the Company's common stock at an exercise price of $.0143 cents per share, representing an aggregate of approximately 50% of the Company's issued and outstanding capital stock. The funds raised as a result of the purchase of shares and the exercise of the warrant by this investor were used by the Company to settle a majority of the Company's obligations to creditors and to commence very limited business activities. The Company is seeking additional financing in order to provide funding to allow the Company to make all necessary filings required by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. The Company will also require additional financing in order to fully implement its business strategy.

About BRIGHTEC

BRIGHTEC (Advanced Lumitech, Inc. doing business as BRIGHTEC) is a development stage company, that has developed and patented a new luminescent lu·mi·nes·cent  
adj.
Capable of, suitable for, or exhibiting luminescence.



[Latin lmen, l
 optical process that makes others' products more efficient, attractive, and safe. The Company's high-end luminescent solution solves the problem of poor quality, limited application, and low-end design by offering whiter, brighter and safer feature enhancement for quality products. The Company's technology will enable leading producers to manufacture luminescent products with a full spectrum of colors that can be viewed during the day and remain visible at night for at least 12 hours. The Company luminescent imaging media materials can be used in a variety of products in numerous fields such as safety, apparel, labels, color printing “colour separation” redirects here. For other uses, see colour-separation overlay.
Color printing is the reproduction of an image or text in color (as opposed to simpler black and white or monochrome printing).
, (home digital printing, merchandising, advertising, sales promotions) and consumer electronics.

The Company's objective is to bring high quality luminescent features to untapped markets, by bridging the gap between quality, effectiveness, attractiveness and flexibility of application. The Company believes it can build revenue and create a recognizable BRIGHTEC quality label by solving the luminescent industries long-standing coloration col·or·a·tion  
n.
1. Arrangement of colors.

2. The sum of the beliefs or principles of a person, group, or institution.
 problem and offering the superior optical properties of high performance luminescent pigments.

Note on forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
:

The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 9, 2002
Words:540
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