COX Technologies Capital Investment Finalized; Additions to Board of Directors and Management Team Announced.Business Editors BELMONT, N.C.--(BUSINESS WIRE)--April 19, 2000 COX Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:COXT), a leading provider of time-temperature management solutions for perishable per·ish·a·ble adj. Subject to decay, spoilage, or destruction. n. Something, especially foodstuff, subject to decay or spoilage. Often used in the plural. commodities, Wednesday announced that it received $2.5 million dollars of capital investment from Technology Investors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to be used for general corporate purposes. Also announced Wednesday, Kurt C. Reid and Brian D. Fletcher have joined the company's Board of Directors and executive management team. "We are excited about having Kurt Reid and Brian Fletcher involved in the day-to- day management of the company," said James L. Cox, chairman and chief executive officer of COX Technologies. "Their energy, business savvy and vision for the future direction of our company make them valuable additions to our team." Reid is a graduate of Southern Illinois University Southern Illinois University, main campus at Carbondale; state supported; coeducational; est. 1869, opened 1874 as a normal school, renamed 1947. It has a center for archaeological investigation and a fisheries research laboratory. There is also a campus at Edwardsville. at Carbondale and has been a private investor for the last 5 years. Previously, Reid spent 12 years in the brokerage business as an investment representative with Edward Jones Edward, Eddie, or Ed Jones is the name of: Edward Jones:
"We look forward to our business and working relationship with COX Technologies and Dr. Cox," said Reid. "We are particularly excited about the contribution we can make to a company that is already well positioned for substantial growth." Fletcher, a graduate of Rockhurst College in Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo., has worked as a private investor for the last 5 years. He spent 11 years as an investment representative with Edward Jones & Co. Since 1976, COX Technologies has been an industry leader in food safety technology and quality assurance systems for all facets of the food industry. Cox Technologies is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a that produces a broad range of products that monitor temperature and other important variables in the transport and storage of foods, drugs, and other sensitive commodities. Its main subsidiaries are COX Recorders, a major manufacturer and supplier of transit and cold-chain monitoring products, and Vitsab Inc., manufacturer and supplier of leading-edge technology in "package label" temperature monitors. For more information about COX Technologies, visit its Web site at www.coxtechnologies.com. Statements in this release about future results are preliminary and based on partial information and assumptions, and actual results may differ. Except for historical information presented, the matters discussed in this announcement 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, including the development and growth of markets targeted by COX Technologies, the acceptance of time-temperature monitoring recorders by customers, the impact of competition, government regulations, general economic conditions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad and other risks detailed from time to time in the company's public disclosure filings with the U.S. Securities and Exchange Commission. |
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