Blue Industries Responds to Cartis Press Releases.Business Editors GENEVA, Switzerland--(BUSINESS WIRE)--April 30, 2003 In response to a series of inflammatory, inaccurate and misleading press releases issued by Cartis, Inc. (Pink Sheets:CARI CARI Consejo Argentino para las Relaciones Internacionales (French) CARI Canadian Association of Recycling Industries CARI Central Agricultural Research Institute (Sri Lanka) ) during the last three months 2003, Blue Industries, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLIIE) today confirmed that: -- Cartis has not instituted any legal action against Blue Industries known by us as today. -- The French authorities are treating the removal by Cartis of certain inventory and equipment from Blue Industries' Pringy facility as a felony felony (fĕl`ənē), any grave crime, in contrast to a misdemeanor, that is so declared in statute or was so considered in common law. theft. -- Product shipments that Blue Industries received from Cartis Inc contained less than the invoiced quantities and consistently failed to meet the quality control specifications established by Cartis Inc ; -- Repeated laboratory testing has established that the carbon and silver filtration powder produced by Cartis Inc does not provide the water treatment and storage benefits claimed by Cartis Inc in its promotional materials and patents; -- Based on extensive research and testing over the last year, Blue Industries has come to believe the Cartis Inc patents protect a technology of dubious value that is based primarily on hype, rather than a credible scientific foundation; -- Blue Industries has developed a proprietary filtration powder that provides the water treatment and storage benefits desired by its customers and is continuing to improve the performance of its proprietary products; -- The Blue Industries filtration powders are not based on the techniques and compounds protected by the Cartis patents; -- The Blue Industries products are not being mislabelled as Cartis products, nor are they being sold as copies of Cartis products; -- Blue Industries is not involved in any other activity that can be reasonably construed as the production and sale of counterfeit To falsify, deceive, or defraud. A copy or imitation of something that is intended to be taken as authentic and genuine in order to deceive another. A counterfeit coin is one that may pass for a genuine coin and may include a lower denomination coin altered so that it may goods; -- Blue Industries has not attempted to hire any consultants or employees of Cartis; Commenting on the recent spate of inaccurate and misleading Cartis press releases, Patrick Gouverneur said, "Unlike Cartis, we are a fully reporting company that is required to comply with the Securities Exchange Act of 1934 in its public communications. Unlike Cartis, we take these obligations seriously. If Cartis believes it has a valid claim against us, it should commence an action in a competent court of law where all issues can be resolved. But we will not be dragged into a battle of duelling DUELLING, crim. law. The fighting of two persons, one against the other, at an appointed time and place, upon a precedent quarrel. It differs from an array in this, that the latter occurs on a sudden quarrel, while the former is always the result of design. 2. press releases with a convicted felon An individual who commits a crime of a serious nature, such as Burglary or murder. A person who commits a felony. felon n. a person who has been convicted of a felony, which is a crime punishable by death or a term in state or federal prison. who is trying to sabotage sabotage [Fr., sabot=wooden shoe; hence, to work clumsily], form of direct action by workers against employers through obstruction of work and/or lowering of plant efficiency. Methods range from peaceful slowing of production to destruction of property. our business and damage our stockholder relations." About Blue Industries Blue Industries Inc. (OTCBB:BLIIV) specializes in the treatment and purification of water for domestic, industrial, and agricultural use. Founded in 2000, BLUE Industries distributes its products through a worldwide network of distribution affiliates. The devices conceived by BLUE Industries are modular and can be used separately or in combination to satisfy a wide variety of water treatment and purification requirements for customers in both less developed countries and industrialized in·dus·tri·al·ize v. in·dus·tri·al·ized, in·dus·tri·al·iz·ing, in·dus·tri·al·iz·es v.tr. 1. To develop industry in (a country or society, for example). 2. nations. 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. |
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