Alyn Corp. Announces Lawsuit Settlement.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--March 24, 2000 On Wednesday, March 22, 2000, Alyn Corp. agreed to settle a lawsuit it brought against DataWorks Corp. DataWorks Corp. was acquired by Epicor Software Corp. in December 1998. Alyn has agreed to settlement against payment of $1.8 million. All other terms and conditions of the settlement are confidential. Alyn Corp. provides engineered solutions through metal matrix technology to meet the needs of its customers in consumer and industrial markets. Alyn is a vertically integrated company offering advanced metal matrix composites 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. , customer driven engineering solutions and strategically developed manufacturing processes. Boralyn(R), the company's principal product, continues to be considered one of the premier metal alloys which has the properties of being lighter than aluminum, stronger than titanium titanium (tītā`nēəm, tĭ–) [from Titan], metallic chemical element; symbol Ti; at. no. 22; at. wt. 47.88; m.p. 1,675°C;; b.p. 3,260°C;; sp. gr. 4.54 at 20°C;; valence +2, +3, or +4. and stiffer than steel. For additional information, contact Ray E. Brooks, Alyn Corp., 949/475-1525 or e-mail: Investor_Relations@alyn.com 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. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release may contain 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. that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are fluctuations in quarterly operating results, limited historical revenues and prior losses, the company's limited manufacturing history, market acceptance of the company's products in commercial quantities, the need for future capital, rapid technological change and new product development, competition and other factors detailed in the company's filings with the Securities and Exchange Commission, including its filing on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1999. |
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