Alyn Corp. Announces Extension of Rights Offering.IRVINE, Calif.--(BUSINESS WIRE)--Aug. 4, 1998--Alyn Corp. (Nasdaq: ALYN) Tuesday announced that it is extending the Expiration Date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of the company's Rights Offering to 5 p.m (DST (1) (DeSTination) Contrast with SRC, which is an abbreviation of "source." (2) (Digital Signal Trust Company, Salt Lake City, UT, www.digsigtrust.com) An organization that sets up and manages PKI systems for companies and industry groups. ) on Aug. 28, 1998. The Rights Offering was previously scheduled to terminate on Aug. 14, 1998. However, in response to concerns expressed by some shareholders that they had not yet received the Rights Offering materials from their brokerage firms or the company's transfer agent, the company believes that an extension is in the shareholders' best interest. The extension will provide shareholders additional time to receive the Rights Offering materials and consider their participation in the Rights Offering. A copy of the prospectus and supplemental prospectus filed with the SEC may be obtained from Alyn Corp., 16761 Hale Avenue, Irvine, Calif. 92606; or the company's Information Agent, Innisfree M&A Inc., 501 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , 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 , NY 10022, telephone number: 888/750-5834. The prospectus and the supplemental prospectusare also available on the company's Web site at www.alyn.com (U.S.) or www.alyn.co.uk (Europe). This news release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy. Alyn Corp. provides customized metal matrix composite Metal matrix composite A material in which a continuous metallic phase (the matrix) is combined with another phase (the reinforcement) that constitutes a few percent to around 50% of the material's total volume. solutions to meet the specific product needs of its customers in consumer and industrial markets. Alyn is a vertically-integrated metal matrix composite company offering advanced metal matrix composites, customer driven engineering solutions and strategically developed manufacturing processes. The company engages in joint development projects with many of its customers in selected large markets where the design and production of metal matrix composite-based products provide those customers with products that are innovative, provide value-added performance or reduce the customer's overall production cost. NOTE TO EDITORS: Alyn Corp.'s news releases are available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Visit the company on the World Wide Web at http://www.alyn.com.
CONTACT: Alyn Corp., Irvine
Richard Little, 949/475-1525
E-mail: rlittle@alyn.com
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