CoolCan Technologies Inc. Announces appointment of Director of Licensing.Business Editors CALABASAS, Calif.--(BUSINESS WIRE)--May 23, 2001 CoolCan Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CCTI CCTI Climate Change Technology Initiative CCTI Composite Can Tube Institute CCTI Chairman of the Joint Chiefs of Staff commended training issue (US DoD) CCTI Control Center Technology Interchange CCTI Chief's Call To Initiation ) announced today the appointment of Mr. Alan A`lan´ n. 1. A wolfhound. Davis as the company's Director of Licensing. This appointment is viewed as a key component in furthering the international licensing programs for CoolCan's self-chilling beverage container technology. Mr. Davis has over 25 years of experience as an international businessman, speaks several languages, and has been active in the international licensing and technology transfer fields for the past several years. Mr. Davis will be responsible for the selling and implementation of exclusive licenses to master licensees in various countries in order that they may manufacture and sub-license the company's INSTACOOL(TM) technology. Mr. Davis will also provide manufacturing and technical assistance so that each licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. is supported in their sales and distribution efforts. The company's proposed licensing program calls for the company to receive an initial licensing fee as well as a royalty on all products manufactured and sold under each licensing agreement. The appointment of Mr. Davis was prompted by the company's recent acquisition of the patent pending rights for the application of self-chilling beverage container technology to plastic ("PET") and glass bottles. The company believes the recently aquired technology affords the opportunity of a shorter lead time to market due to existing blow molding manufacturing processes and lower tooling costs than related applications. CoolCan Technologies Inc. is the owner of a unique proprietary patented technology, INSTACOOL(TM), which may be utilized with any aluminium container for soft drinks, beer, juice or water and which chills the beverage quickly when opened by the consumer. COOLCAN TECHNOLOGIES INC. Per: (signed) Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Leitch Leitch is the surname of various people:
Bruce Leitch President and Director For more information please visit the company web site at www.coolcantech.com. Company contact: David Parfitt 1-866-COOLCAN (266-5226) Certain matters discussed in this Press Release may constitute 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. within 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 and, as such, may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. |
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