Coretec Inc. And Unicircuit, Inc. Discontinue Merger Discussions.TORONTO -- Coretec Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CYY) reported today that it and Unicircuit, Inc. have mutually agreed to terminate their discussions about a possible merger of the two companies and have terminated the Letter of Intent between the two parties. The entering into of the Letter of Intent was previously announced on May 17, 2005. About Unicircuit Founded in 1979, Unicircuit operates from two facilities; a 31,000 square foot facility in Littleton (greater Denver area), Colorado and a 138,000 square foot facility in Roseville, Minnesota Roseville is a city in Ramsey County, Minnesota, just north of Saint Paul and east of Minneapolis. It is the only Twin Cities suburb to be geographically adjacent to both St. Paul and Minneapolis. . The company specializes in the manufacture of complex rigid PCBs, and PCBs made with exotic materials, metal cores and heat sinks A material that absorbs heat. Typically made of aluminum, heat sinks are widely used in amplifiers and other electronic devices that build up heat. Small heat sinks are the most economical method for cooling microprocessors and other chips. . The company serves some of most demanding end markets, namely the military, aerospace, wireless telecommunications and semiconductor test equipment sectors. About Coretec Coretec is one of the leading designers and fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board solutions, including design, advanced prototyping and quick turnaround production across an outstanding range of product technologies and approvals. This news release may include statements about future expectations, plans and prospects that 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. . Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results or developments may vary materially from those projected or implied in the forward-looking statements as a result of any number of factors, including currency exchange rate fluctuations; variability of operating results; dependence on certain industries; management of growth and expansion; ability to attract and retain key personnel; nature of sales; product complexity and product defects; international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; material cost fluctuations and limited availability When customers of the PSTN make telephone calls, they commonly make use of a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the caller to the callee. of raw materials; potential loss of customers; competition; industry contraction and slow economic growth; technological change and process development; environmental liability; need for additional financing; product liability; pricing pressure; ability to reduce costs; and other risks listed in Coretec's public disclosure documents and other filings with securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities found at www.sedar.com . Coretec Inc. (TSX:CYY) |
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