Cole Inc. Announces Acquisition of Reflect Scientific Inc.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--Dec. 31, 2003 Cole Inc., a Utah corporation ("Cole" or the "company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : COLH), announced the completion of the acquisition of all of the outstanding securities of Reflect Scientific Inc., a California corporation ("Reflect"), in consideration of the issuance and exchange of 22,914,949 shares of the company's common stock that are "restricted securities" as defined in Rule 144 of the Securities and Exchange Commission. Following the completion of the acquisition, there were 24,000,000 outstanding shares of common stock of the company, with the former Reflect stockholders owning approximately 96% of these outstanding securities. Cole's name will be changed to "Reflect Scientific Inc." and the company will seek a new OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. symbol at the beginning of 2004. Reflect Scientific is engaged in the manufacture and distribution of quality scientific products for use by original equipment manufacturers (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) and other companies engaged in the chemical analysis, biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. and electronics industries. It is also a provider of customized robotic/automation systems for improved analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. efficiencies, production and higher productivity research. See its Web site at www.reflectscientific.com. |
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