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Covol Technologies Inc. announces that it has engaged the investment banking firm of Smith Barney Inc. New York, as its financial adviser.


LEHI, Utah--(BUSINESS WIRE)--Dec. 21, 1995--Covol Technologies Inc. (OTC OTC

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OTC

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 BB:CVOL CVOL Control Volume ) Thursday announced that it has entered into an agreement with Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world.  Inc. to provide Covol with investment banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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Covol Technologies is currently developing its strategic plan of recycling industrial by-products through the implementation of its patented briquetting technology. In addition, Covol and Smith Barney are exploring ways to optimize the value of the Section 29 tax credits generated from the production and sale of Covol's coal briquettes.

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 Kirby Cochran, Covol's president, "This association with Smith Barney Inc., a market leader in investment banking, will enhance Covol's ability to realize the potential of its innovative technology."

Covol Technologies Inc. is a technology development company focused on recycling yesterday's waste into tomorrow's resources.

CONTACT: Covol Technologies Inc., Lehi

Alan Ayers, 801/768-4481; Fax: 801/768-4483
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 21, 1995
Words:141
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