American Technologies Group Signs a Contract With Guy & O'Neill Granting Exclusive Rights to Market IE in a Healthcare Product Line.MONROVIA, Calif.--(BUSINESS WIRE)--Oct. 22, 1998-- Contract Will Bring American Technologies as Much as $1,000,000 Within 15 Months American Technologies Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ATEG ATEG Assembly for the Teaching of English Grammar ), announced today that it has signed a contract with Wisc.-based wet-wipe manufacturer Guy & O'Neill, Inc., granting Guy & O'Neill exclusive rights to include American Technologies' proprietary IE(tm) Crystal in the company's complete bath system moist moist having a moderate moisture content, slightly wet to the touch. moist dermatitis see moist dermatitis of rabbits. moist grain storage grain stored at about 30% moisture in airtight silos. towelettes used in the healthcare field for bathing non-ambulatory patients. Under terms of the agreement, American Technologies will supply Guy & O'Neill IE(tm) Crystal solution for use in its single-patient, rinse-free bathing and skin-conditioning wet wipes A wet wipe, also known as a wet nap or a moist towelette, is a small moistened piece of paper or cloth that often comes folded and individually wrapped in its own wrapper for convenience, much like a packet of sugar or a condom. . For a fee of $100,000, Guy & O'Neill can purchase exclusivity and American Technologies will decline to sell the solution to other manufacturers for use in competitive products. These exclusivity rights may be retained by Guy & O'Neill, provided that the company sells at least 5,000,000 units of the product each year. In addition, American Technologies will receive a percentage fee from the sale of the moist towelettes. This is expected to be the first in a series of products made by Guy & O'Neill that employs the IE(tm) technology. Lawrence J. Brady, chairman and 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. of American Technologies, commented, "We are excited that the product and market applicability keeps expanding for our innovative IE(tm) technology. This is a welcome opportunity for us to enter the pharmaceutical market, and we are pleased to be doing so with such a focused and professional company. We look forward to a long, fruitful fruit·ful adj. 1. a. Producing fruit. b. Conducive to productivity; causing to bear in abundance: fruitful soil. 2. relationship with Guy & O'Neill." Guy & O'Neill, Inc., is a manufacturer and marketer of moist towelettes, topical solutions and gels, predominantly for hospital and healthcare markets, as well as the contract manufacturer of a growing list of Fortune 500 companies. American Technologies is an advanced science and technology company engaged in the development, commercialization and sale of products and systems using its patented and proprietary technologies. Its core technologies are the IE (tm) Technology and Vacuum Distillation Vacuum distillation is a method of distillation whereby the pressure above the liquid mixture to be distilled is reduced to less than its vapor pressure (usually less than atmospheric) causing evaporation of the least volatile liquid(s) (those with the highest boiling points). Technology. These technologies have numerous applications in the nuclear, energy, medical, chemical, mining, oil, personal and home care industries. A line of all-natural household cleaning and personal care products containing the company's IE (tm) Crystals are currently marketed by 21st Century Global Network, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a joint venture partially-owned by American Technologies. The company also sells The Force(R), an environmentally safe automotive combustion product based on its IE (tm) Technology used to improve fuel economy and, over time, reduce carbon deposits. Matters discussed in this release include 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, and actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors disclosed in the company's reports the Securities and Exchange Commission, including its Form 10-QSB and Form 10-KSB on file with the SEC. |
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