ConMat Technologies Inc. Engages Magnum Financial Group LLC; Company Broadening Its Investment Audience.Business Editors PHOENIXVILLE, Pa.--(BUSINESS WIRE)--Dec. 7, 2000 ConMat Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNMT CNMT Certified Neuromuscular Therapist CNMT Certified Nuclear Medicine Technologist CNMT Certified Network Maintenance Training ), a materials technology company with a focus on custom-engineered plastics and composite materials composite material or composite, any material made from at least two discrete substances, such as concrete. Many materials are produced as composites, such as the fiberglass-reinforced plastics used for automobile bodies and boat hulls, but the , today announced its engagement of Magnum Financial Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Los Angeles-based financial communications specialist, to assist in broadening the company's audience within the investment community and financial media so as to generate interest and participation in the company's publicly traded securities. Magnum's communication programs are very financially oriented and designed to get the client's investment story to the specific audiences suited for the client's story. News releases, fact sheets, corporate profiles, and presentations produced by the firm are structured to appeal to financial professionals at various sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. levels. The firm's approach is structured, disciplined and proven. When appropriate, Magnum incorporates investor conference calls with management, investment conferences with investment professionals and individual investors, and targeted distribution of financial information into its program of financial communications. Michael S. Manahan, a principal at Magnum Financial Group LLC, stated: "The primary focus of Magnum will be taking ConMat's investment opportunity directly to the retail brokerage and institutional communities with the objective of increasing investor awareness Investor Awareness is knowledge the investment community has of a company. [1] It can be looked at like this: “Do investors know about your company?” If the answer is “yes,” then it could be said that the company has “good investor awareness” . "In light of the continued volatility in technology stocks, we have witnessed an increase in investor appetites for companies such as ConMat -- `nuts and bolts' companies that are generating revenues, earning a profit, with solid management and a sound business plan." Manahan went on to say, "The melding of a profitable `Old Economy' company with the latest business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) Internet technologies, as well as an impressive slate of new proprietary products in the pipeline, makes us believe that ConMat Technologies has significant upside growth potential." Commenting on the engagement, Paul DeJuliis, chairman and 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. of ConMat Technologies Inc., remarked: "In 2000, we have made significant progress in our operational plan as demonstrated by our revenue growth and the highest order backlog ($8.5 million) in our history. "In addition, our efforts at developing our proprietary thermoset A polymer-based liquid or powder that becomes solid when heated, placed under pressure, treated with a chemical or via radiation. The curing process creates a chemical bond that, unlike a thermoplastic, prevents the material from being remelted. See thermoplastic. extrusion technology, to be used in the production of durable, greaseless S-cam bushings, are close to bearing fruit as initial test results with Waste Management and Rollins Trucking Company have been excellent. "We expect this product will significantly contribute to our future growth because it offers huge savings to vocational truck fleet operators who have traditionally had to service and reinstall To go through the installation process once again, because files have become corrupted. See reload. bushings and brake linings at three month intervals." DeJuliis added: "Given our operational performance to date and our confidence in the future prospects and performance of the company, we are ready to begin marketing our public corporation by implementing a multi-tiered plan to get our story and investment opportunity out to the public. "By engaging Magnum Financial, we have signaled the launch of this campaign. Magnum, a specialist firm, was hired to bring our stock price and resulting market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. in line with our current and forecasted financial performance." About Magnum Financial Group Los Angeles-based Magnum Financial Group LLC is a financial communications, corporate development, and financial advisory firm representing middle-market and micro-cap companies as well as those companies planning to become public. Magnum is well recognized for its knowledge of the capital markets, communications strategies, and substantial contacts in the investment community. Further information can be found at the company's Web site: http://www.magnumfinancial.com. About ConMat Technologies ConMat Technologies Inc. is an e-business platform designed to facilitate the conversion of its portfolio of products into fully integrated e-business operations through the application of digital technologies. ConMat's wholly-owned subsidiary, the Polychem Corp., is engaged in the development and manufacture of proprietary custom-engineered plastics and composite products for industrial end users with a special emphasis on the wastewater treatment marketplace. Further information about ConMat and its subsidiary can be obtained via current and past reports on forms 10-KSB and 10-QSB as well as the company's Web sites, which can be found at http://www.conmattech.com and http://www.polychemcorp.com. This release, other than historical information, consists of 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 such as the development and introduction of new products and the acceptance of those new products in the marketplace. Readers are referred to the documents filed by ConMat with the Securities and Exchange Commission, specifically the company's current and past reports on forms 10-QSB and 10-KSB, that identify important risk factors which could cause actual results to differ materially from those contained in the forward-looking statements. ConMat and its subsidiary disclaim dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. any intent or obligation to update these forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion