Cryopak Signs Investment Banking Agreement with Kirlin Securities.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 8, 2002 Cryopak (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYPKF)(CDNX CDNX See Canadian Venture Exchange (CDNX). :CII CII Confederation of Indian Industry CII Chartered Insurance Institute (UK) CII Construction Industry Institute (University of Texas) CII Council of Institutional Investors ), "the Company", is pleased to announce that it has entered into an Investment Banking Agreement (the "Agreement") with Kirlin Securities, Inc. ("Kirlin") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :KILN) of New York. Kirlin will provide investment banking services, including assisting the Company in areas relating to future financing, mergers and acquisitions. Kirlin will also assist the Company in their efforts to increase shareholder value through a broadened exposure to the financial community in the U.S. and abroad. "We are pleased to have been chosen by Cryopak for their investment banking needs," said Douglas Gass, Managing Director of Investment Banking at Kirlin Securities, Inc. Their unique products, corporate strategies and their strong leadership is why we are excited to be working with Cryopak during what we believe will be a significant growth period for the Company". Kirlin is a member of NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and is a subsidiary of Kirlin Holding Corporation (NASDAQ:KILN), a broad-based financial holding company with activities in investment and merchant banking, e-commerce, securities trading, and money management. For more information, please see www.kirlin.com. Cryopak Industries Inc. develops, manufactures and markets quality temperature-controlling products such as the premium patented Cryopak Flexible Ice(TM) Blanket, flexible hot and cold compresses, gel packs, and instant hot and cold packs. The products are used during transport to ensure critical temperature maintenance for pharmaceuticals, blood, airline food and beverages, seafood and all other perishable items. The Company's products are also used for first aid, medical and physiotherapy treatments, and, through retail distribution, for daily all-purpose chilling applications. With almost 10 years of experience in research and development, Cryopak also offers expert testing and consulting services to help companies optimize their cold-chain management programs. For more information about Cryopak Industries Inc. or its products, visit the Company's website at www.cryopak.com. Cryopak Industries Inc. trades on both 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. and on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (OTCBB:CYPKF) and (TSXVenture:CII). ON BEHALF OF THE BOARD OF DIRECTORS, John F. Morgan. 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. , President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ from those expressed or implied by such forward-looking statements. |
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