ColorMax Commits to Additional Production Capabilities.Business Editors TUSTIN, Calif.--(BUSINESS WIRE)--April 17, 2000 ColorMax Technologies, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CXTE) announced that it would commit substantial resources to increase its production capabilities of its color vision Color vision The ability to discriminate light on the basis of wavelength composition. It is found in humans, in other primates, and in certain species of birds, fishes, reptiles, and insects. enhancement lenses. "In an attempt to stay ahead of the market demand, we are acquiring additional equipment that will help to ensure a timely annual output of close to 300,000 pairs of lenses per annum Per annum Yearly. , translating into an revenue potential of approximately $105 million at our current pricing structure," stated Dr. Donald H. Hansen, O.D., President of ColorMax(R). "We hope that our new marketing plan and product line, which will include soft contact color vision lenses, will help pave the way for ColorMax(R) to become extremely profitable." ColorMax Technologies, Inc. has the first and only FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. cleared product with the ability to capture a virtually untapped product market in excess of $15 billion worldwide and $5 billion in the U.S. alone. Its ColorMax(R) Color Vision Enhancement Lenses offer a unique and effective aid for colorblindness, a condition that affects more than 12 million Americans and 250 million people worldwide. The company recently announced that it had acquired the rights, patents and trademarks of X-Chrom(R) Lens Co., and affected a forward 2 for 1 split of its common stock at the beginning of the year. This release contains 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. with respect to the results of operations and business of ColorMax Technologies, Inc., that involves risks and uncertainties. The Company's actual future results could materially differ from those discussed herein. Risks and uncertainties of the Company will be detailed form time to time in the company's periodic reports. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to "safe harbors 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. " provision 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. |
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