Crush Innovative Sports Systems Inc. issued fifth patent; Crush enters aerospace market.LOS ALAMITOS Los Alamitos (lôs ăləmē`təs, lŏs), city (1990 pop. 11,676), Orange co., NE of Long Beach, S Calif., in a suburban area; inc. 1960. Los Alamitos Racetrack and U.S. military installations are nearby. , Calif.--(BUSINESS WIRE)--April 1, 1997--Pacific International Enterprises Inc., parent company of Crush Innovative Sports Systems Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:PCIE See PCI Express. ) Tuesday announced that it has received U.S. Letters Patent An instrument issued by a government that conveys a right or title to a private individual or organization, including conveyances of land and inventions. Although Article I, Section 8, Clause 8, of the U.S. No. 5,611,650 which was issued on March 18, 1997. After four years of technical co-development with Jergens Manufacturing, Crush has been awarded Patent No. 5,611,650 for "tooling plate mounting assembly with interlocking interlocking /in·ter·lock·ing/ (-lok´ing) closely joined, as by hooks or dovetails; locking into one another. interlocking Obstetrics A rare complication of vaginal delivery of twins; the 1st pins." In April of 1995, Crush signed a Licensing Agreement with Jergens Manufacturing, the world's largest manufacturer of workholding components for manufacturing. The license has already produced royalties from an initial purchase of the Lite-Lock(tm) product line by Boeing Aerospace for the assembly of wing ribs. It has been indicated by a representative at Jergens that after a visit to the Boeing factory to see Lite-Lock(tm) in operation, that Lite-Lock(tm) has cut Boeing's wing rib assembly time in half. Richard Perkins, president 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 Crush Innovative Sports Systems stated: "The long term beneficial financial impact to the company due to Patent no. 5,611,650, will come from the ability of Lite-Lock(tm) to be used in the manufacturing and assembly of products in numerous industries. In addition, the new patent applies to the manufacturing side of the exact same sports industries where Crush's patented technology is already implemented in the products; snowboards, in-line skates, backpacks and motorcycles. Based on the extremely diverse applications of Crush's patented technology, from snowboard bindings to assembly fixtures for Boeing Aerospace's wing ribs, we feel confident that our patented products will continue to gain market share in numerous industries worldwide from which the company can develop long term revenue streams." CRUSH(tm) Innovative Sports systems Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Pacific International Enterprises Inc., develops sports related products, based on its proprietary "quick release" fastening technology, for rapidly growing markets, including snowboarding and in-line skates, backpacks, motorcycles and automobiles. CRUSH(tm) products address the deficiencies of current products by providing superior levels of performance, comfort and convenience. CONTACT: Woodbridge & Associates 800/824-4011 OR Pacific International Enterprises Inc. 714/816-0200 |
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