Coldwall Announces Agreements & Board Resignations.FLORHAM PARK, N.J. -- Coldwall Inc.: Joint Development Agreement with Thermo King Coldwall Inc. (CDWL) has entered into a Joint Development Agreement with Thermo King Corporation Thermo King Corporation is a unit of Ingersoll Rand Company Limited, and was founded in 1938. The company manufactures transport temperature control systems for a variety of mobile applications, including trailers, truck bodies, buses, shipboard containers and railway cars. . The two companies will work together with the goal of developing an advanced, economical and complete refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. container with superior temperature control and competitive price based on the Thermo King Magnum and the Coldwall patented Container. PPECB PPECB Perishable Products Export Control Board Agrees To Test Coldwall Technology Coldwall has entered into an agreement to have a prototype container repositioned to South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. for testing by the Perishable Product Export Control Board (PPECB). The PPECB has requested the opportunity to run trials to evaluate the Coldwall technology. The PPECB is engaged in activities to help South African perishable product exporters find ways to reduce product loss. A significant amount of perishable goods PERISHABLE GOODS, Goods which are lessened in value and become worse by being kept. Vide Bona Peritura. are shipped from South Africa to points around the world. Coldwall Agreement with the SEC As previously announced, on January 30, 2006, the Board of Directors authorized the company to enter into a settlement with the Securities and Exchange Commission (SEC) that, if agreed to by the SEC, would result in the revocation of the registration of its common stock under the Securities Exchange Act of 1934. The settlement, if implemented, will relieve the company of any future obligation to file periodic reports under the '34 Act. Under the '34 Act, the revocation, if ordered by the SEC, prohibits members of any national securities exchange, brokers or dealers from effecting any transaction in the company's common stock. The SEC has yet to publish any action. Coldwall Announces Resignation of Directors Jasper Dahl and Jeffrey Rush have resigned as directors of Coldwall, Inc. (CDWL) during the first quarter of 2006. In other company news, David Dale This article is about David Dale. For other uses, see David Dale (author). David Dale (1739 – 1806) was a Scottish merchant and businessman, famous for establishing the influential weaving community of New Lanark. made a presentation in Antwerp, Belgium on April 25th at a conference titled "Eradicating Cold Chain Complacency". He discussed the innovative reefer reef·er n. Marijuana, especially a marijuana cigarette. container air flow technology developed by Coldwall Inc. (CDWL). The conference was attended by representatives of companies in both the shipping and perishable produce industries interested in learning about technologies focused on reducing loss in the shipment of perishable cargo. Coldwall Inc. (CDWL) has redesigned its website to provide more information about our product design and provide investor information. Please visit www.coldwall.com. Certain statements in these news releases may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, 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 those rules. All statements other than statements of fact, included in this release, are forward-looking statements that involve risks and uncertainties. |
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