Cyntech Enters Into Marketing Agreement With Mandaree Enterprise Corporation.Business Editors Cyntech Technologies, Inc. announced today that it has entered into a marketing agreement to supply the Mandaree Enterprise Corporation (MEC MEC Ministério da Educação (Ministry of Education) MEC Ministerio de Educación y Ciencia (Spain: Ministry for Education and Science) MEC Mountain Equipment Co-Op ) of North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). with fuels and lubricants for resale to commercial and federal government entities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "This is a significant strategic alignment that uses the strengths of both companies to benefit our customers," said Clarence O'Berry, 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 MEC. MEC is the business development branch of the Mandan, Hidasta, and Arickara American Indian tribes. Cyntech Fuels expects to be awarded its first contract in July 2002 to supply gasoline and diesel products. According to Frank Meyer, Cyntech's CEO: "This marketing agreement represents substantial potential sales. We salute MEC for recognizing a good opportunity." In order to fulfill this contract, MEC will be establishing marketing offices in Fairmont, West Virginia Fairmont is a city in Marion County, West Virginia, United States. The population was 19,097 at the 2000 census. It is the county seat of Marion CountyGR6. and Northern Virginia. Cyntech Technologies, Inc. will supply the fuel products through its 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. , Cyntech Fuels Group, Inc., based in Houston, Texas. Charles Tovey, Senior Vice President of Plant Operations in Houston, will be responsible for all phases of the contract with MEC. To provide products for sale under this new marketing relationship, Cyntech is also acquiring and rehabilitating, subject to available funding, an inactive refinery in the Houston area. For more information please contact CYNT's Investor Relations Investor relations The process by which the corporation communicates with its investors. at (770) 760-8732. Web site: www.cyntechtechnologies.com. e-mail address: fmeyer@cynt.com. For more information on the Mandaree Development Corporation, please contact Clarence O'Berry at 701-759-3399. Web site: www.mandaree.net. e-mail address: mec@restel.net. This release contains forward-looking statements. Forward-looking statements are not guarantees of future sales or other results. Forward-looking statements are subject to risks and uncertainties outside the control of Cyntech Technologies, Inc. Actual events or results may differ materially from the forward-looking statements. For a discussion of additional contingencies and uncertainties to which information respecting future events is subject, see the 2001 annual report on Form 10-KSB and other SEC reports filed by Cyntech Technologies, Inc. |
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