CORRECTING and REPLACING Envirokare Tech Inc. Elects Industry Leader as Executive Chairman.Business Editors CORRECTION...by Envirokare Tech, Inc. ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 15, 2003 In BW6058 issued Oct. 14, 2003: In slug and first graph of release dated Oct. 14, 2003 ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors was inserted. The corrected release reads: ENVIROKARE TECH INC. ELECTS INDUSTRY LEADER AS EXECUTIVE CHAIRMAN Envirokare Tech, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ENVK) announced that the Board of Directors of Envirokare Tech Inc. has elected Dr. Nicholas Pappas as Executive Chairman of the Board of the Company. This is the second major appointment bringing together experienced industry professionals to commercialize the TPF (Transaction Processing Facility) An operating system for IBM mainframes specialized for large transaction processing systems such as airline reservations. TPF supports thousands of terminals with a typical response time of two to three seconds. (TM) process. Mr. Steve Pappas, former Chairman, praised Mr. George Kazantzis' efforts in bringing yet another industry leader to the Company and welcomed Dr. Pappas to the Board, saying, "As a young company, Envirokare is indeed most fortunate to have such an experienced and highly regarded industry leader as Dr. Pappas accept this critical role." (Dr. Pappas and Steve Pappas are not related.) Dr. Pappas retired from the DuPont Company after 34 1/2 years of service where he was Executive Vice President and Member of DuPont's Executive Committee. His background at DuPont was in coatings and polymers technology. After DuPont, Dr. Pappas served as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Rollins Environmental Services and later Vice Chairman of the Board from July 1991 to March 1996. He is a member of the Advisory Board for the Yale Institute for Biospheric studies, Vice Chairman of the Board of Biotraces, Inc. and a member of the Boards of Directors of Yenkin Majestic Paint Co. and Integrated Environmental Technologies. He is a former Director of Nova Chemicals, Witco Chemicals and Chemfab Corporation where he was Chairman of the Board. Dr. Pappas has a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in chemistry from Yale University and a Ph.D. degree in organic chemistry from Brown University. Dr. Pappas stated, "I am pleased and honored to be appointed to this important role in Envirokare. Envirokare has a patentable, economically attractive and environmentally friendly processing technology which should play an important role worldwide in the production of high performance composite products." He congratulated Steve Pappas for his foresight and guidance in bringing Envirokare to its now commercial phase and praised Dr. Dale Polk, the inventor of the technology for his creative work that formed the foundation of the Company. He is pleased to be working again with Dr. John Verbicky, President 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 Envirokare, renewing the working relationship they enjoyed at Chemfab Corporation. Dr. Pappas stated that he was pleased that Mr. Steve Pappas will remain as a Director of the Company and that his experience and enthusiasm will be retained. In addition, Mr. Steve Pappas has agreed to accept responsibility for new business development for the Company. Envirokare, under an exclusive license, is a marketer of the state-of-the-art TPF composite technology developed by Thermoplastic Composite Designs, Inc. (TCD TCD Trinity College Dublin TCD Chad (ISO Country code) TCD Transcranial Doppler TCD Thermal Conductivity Detector TCD Traffic Control Device TCD Tropical Conservation and Development ). The proprietary TPF process features in-line compounding, automated low-pressure material delivery system, providing high long strand survivability sur·viv·a·ble adj. 1. Capable of surviving: survivable organisms in a hostile environment. 2. That can be survived: a survivable, but very serious, illness. rate and part forming of long-fiber reinforced large structural parts. The license provides for use of the TPF technology to develop, produce, sub-license and market a wide array of products. Envirokare holds an irrevocable option to cause its ECC (1) (Error-Correcting Code) A type of memory that corrects errors on the fly. See ECC memory. (2) (Elliptic Curve Cryptography) A public key cryptography method that provides fast decryption and digital signature processing. subsidiary to merge with TCD, pursuant to a merger agreement entered into by the parties. This News Release contains forward-looking statements 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 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "anticipate," "believe," "expect," "intend to," and similar conditional expressions are intended to indemnify forward-looking statements within the meaning of the Act and are subject to the 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. created by the Act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings, and other risks. |
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