Aseptic Gravity Flow Valve Technology Receives Notification of Utility Patent from U.S. Patent & Trademark Office; Aseptic Dispensing Technology Opens New Markets Worldwide.Business Editors MILLERSVILLE, Md.--(BUSINESS WIRE)--July 26, 2002 International Dispensing Corporation (IDC) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IDND IDND Indianapolis Discovery Network for Dementia ) announced today that the U.S. Patent and Trademark Office has allowed IDC's utility patent application for its Aseptic aseptic /asep·tic/ (-tik) free from infection or septic material. a·sep·tic adj. Of, relating to, or characterized by asepsis. Gravity Flow Valve(TM). The allowance by the U.S. Patent Office provides extensive and broad-based coverage for IDC's dispensing technology. Worldwide patent protection is pending, and based upon the U.S. allowance, the company anticipates similar success worldwide. IDC's Aseptic Gravity Flow Valve(TM) is the first commercially viable aseptic dispensing valve worldwide. IDC's aseptic valve technology offers key advantages to the foodservice industry including a tamper-proof closure and an extremely tight seal that serves as an excellent oxygen and bacteria barrier. The company's dispensing valve has a clean, predictable flow rate and protects beverages, nutraceuticals and flowable foods from contaminants. "This aseptic dispensing technology is opening new markets for food, beverage and nutraceutical companies by enabling high-end products to be safely dispensed from flexible packages," said Gary Allanson, IDC's President & 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. . IDC customized its Aseptic Gravity Flow Valve(TM) for Goodwest Industries' Cream Machine(TM), an aseptic cream and milk dispenser, used extensively in foodservice, specialty coffee and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. . Bill Goodwin For the drummer with jazz saxophonist Phil Woods, see Bill Goodwin (jazz drummer) . Bill Goodwin (July 28 1910 - May 9 1958) was for many years the announcer and regular character of the Burns and Allen radio program, and subsequently The George Burns and Gracie , CEO of Goodwest Industries, said, "This new Aseptic Gravity Flow Valve(TM) has helped Goodwest capture new customers resulting in double-digit top line sales growth." The company is currently working with several companies around the world to adapt their dispensing technology to their food, beverage or nutraceutical requirements. IDC, a research and development company develops leading edge packaging and aseptic dispensing technologies for the foodservice industry worldwide. For more information about the company's Aseptic Gravity Flow Valve(TM) contact Mr. Edwin Tharp, COO (410 729-0125, Ext. 227) or visit IDC's website http://www.idcdispensing.com. 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. within the meaning of 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. These statements reflect IDC's current views about future events. Risks, which may cause actual results to differ materially, may include, but are not limited to: the lack of acceptance of our products by potential customers; our failure to continue to develop our product line or to attract and retain customers; our failure to anticipate and adapt to developing markets and the presence of competition, including potential competitors that are larger than IDC, with greater financial, technical, and marketing resources. |
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