Cryocon, Inc. Announces Completion of Merger with Iso Block Products USA, Inc.Business Editors LITTLETON, Colo.--(BUSINESS WIRE)--May 8, 2000 Cryocon, Inc., a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation , specializing in Deep Cryogenic Processing, today announced, it has completed its merger with Iso Block Products USA, Inc. Iso Block stock is currently quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol ISOB (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ISOB). Iso Block is in the process of changing its name to Cryocon, Inc. Cryocon, Inc., founded in 1999, is a growing, international company that specializes in Deep Cryogenic Processing (DCP DCP - definitional constraint programming ) services. DCP extends the life of various types of materials and wear parts by 50-500%. Cryocon is the industry's premiere provider of DCP services, equipment & research. Cryocon provides services to a wide variety of applications and parts specific to the Micro Circuitry, Aerospace, Manufacturing, Power Generation, Paper & Plastics, Lumber, Die Molds, Military, Motor Sports, Firearms (Cryo-Accurizing - a US Patented Process), and General Tooling Industries. The Cryo-Accurizing Division of the Company boasts over 150 State, National, and World records held by individuals who have their firearm barrels treated with the Companies patented procedure - providing a firearm with proven, increased accuracy and durability. Treated products exhibit dramatic increases in performance that yield cost savings and reduce downtime. Cryocon, Inc. is projected to produce $60,200,000 in first year gross revenues in the Multi- Billion dollar worldwide market. "Completion of this merger marks an exciting time for Cryocon," says Mr. Robert Brunson, Cryocon 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. , and a leading expert on Cryogenic Processing Techniques. "By leveraging our cutting edge DCP services, we have enabled the Company to jump to the forefront of Cryogenics cryogenics: see low-temperature physics. cryogenics Study and use of low-temperature phenomena. The cryogenic temperature range is from −238°F (−150°C) to absolute zero. At low temperatures, matter has unusual properties. , and are setting the standard by which future Cryogenic applications will be measured." Speight & Associates, Inc. a Florida based management consulting group Management Consulting Group, PLC is a consulting company listed on the London Stock Exchange under the name MMC. As of 2006 they were ranked the twelfth largest operational consultancy firm in the world. was involved in structuring & facilitating the transaction. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Certain information included in this communication contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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