Centrex Announces Equity Funding.Business Editors & Health/Medical Writers TULSA, Okla.--(BUSINESS WIRE)--Dec. 6, 2002 Centrex (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNEX) today announced that the Company has raised approximately $500,000 in a series of private placements. According to Dr. Thomas R. Coughlin, Jr., Centrex's 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. , the funds will be used to pay Los Alamos National Laboratory Los Alamos National Laboratory (LANL) (previously known at various times as Site Y, Los Alamos Laboratory, and Los Alamos Scientific Laboratory) is a United States Department of Energy (DOE) national laboratory, managed and operated by Los Alamos National for ongoing research and for company operations. "We are attempting to accelerate the development of advanced technologies into products that will become powerful weapons against terrorism. What was once unthinkable now seems inevitable and thorough preparation is our only defense. Centrex is currently developing a system designed to provide detection of biological agents that might be used in a terrorist attack. We at Centrex feel that biodefense is everyone's responsibility and plan to produce an effective tool for the antiterrorism an·ti·ter·ror·ist adj. Intended to prevent or counteract terrorism; counterterror: antiterrorist measures. an arsenal." Centrex, Inc. is a development stage company that owns the exclusive worldwide license to develop, manufacture and market a system for detecting microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. contamination in air, food and water. The detection system is designed to be adaptable and easily tailored to detect a variety of bacterial or viral organisms by recognizing the unique DNA fingerprint DNA fingerprint n. An individual's unique sequence of DNA base pairs. Also called genetic fingerprint. of the organism. The proposed device is a simultaneous multi-channel detection system that is compact, fully automated and capable of monitoring the presence of biological agents in air, food and water. The Centrex website is www.centrexcorporation.com or call Centrex Investor Relations Investor relations The process by which the corporation communicates with its investors. at (585) 216-2072. This press release contains some forward-looking statements. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this document should be evaluated together with the many uncertainties that affect our business. Those uncertainties are discussed in the Company's SEC filings. |
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