Cyntech Technologies, Inc. Makes Announcement.CONYERS, Ga.--(BUSINESS WIRE)-- Cyntech Technologies, Inc. (Nasdaq: CYNT) announced today that they have initiated a program to thrust forward with their initial business plan initiatives, as well as reidentifying new core markets and revenue streams, and beginning the initial phases of migrating into certain emerging geographic markets. Frank Meyer
Frank S. , Chief Executive of Cyntech Technologies, Inc., stated the following: "We are continuing our development programs with certain municipal and regional governments to erect production plants in certain strategic locations that will allow us the highest internal rates of return while not compromising quality or the ability to acquire supply in a timely and cost-effective manner. We are in the process of ongoing negotiations within several locales for grants, financial aid, and tax incentives within the European corridor. While these developments have been strong, we are continually committed to identifying augmentary product lines and revenue streams to develop and implement tandem with our core focus: Recycling post-consumer rubber and plastic for alternative fuel products such as methanol methanol, methyl alcohol, or wood alcohol, CH3OH, a colorless, flammable liquid that is miscible with water in all proportions. Methanol is a monohydric alcohol. It melts at −97. . We recently engaged a well-known, high profile competitive intelligence and corporate development firm that has core competencies in foreign and U.S. markets, and they have been commissioned to find us new markets that will allow us faster market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , potential market dominance Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings. There is often a geographic element to the competitive landscape. , and cash flows. In the next couple of months we will begin to see all of our efforts in these endeavors to start materializing with developments almost on a daily basis. We look forward with vigor to moving ahead into the millenium for the benefit of our shareholders." Cyntech Technologies, Inc. is an integrated technologies firm in the post consumer rubber and plastics recycling industry with end user products ranging from methanol and derivative fuels, energy cogeneration, and consumer durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. and contiguous products. Cyntech Technologies, Inc. trades publicly on the NASDAQ Bulletin Board under the trading symbol Trading symbol See: Ticker symbol CYNT. 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 under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Statements in this news release looking forward in time involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors, such as customer order rates, cancellations, late delivery of customer components, production delays, dependence upon certain customers, dependence upon key executives, viability of quarterly results, single operating facility, competition, product liability risk, control by management, foreign currency fluctuation, and other risks detailed in applicable SEC filings and the companies 15(c)2-11 disclosure document. |
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