Cyntech Technologies Uncovers Not So Grave Market.CONYERS, Ga.--(BUSINESS WIRE)--Aug. 17, 1999-- Cyntech Technologies, Inc. (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 Bulletin Board:CYNT) announced today their intent to utilize their existing focus of post consumer rubber recycling to manufacture, market, and distribute a line of products indigenous to post consumer crumb rubber such as burial vaults, children's playground mats, and portable hydrophobic hydrophobic /hy·dro·pho·bic/ (-fo´bik) 1. pertaining to hydrophobia (rabies). 2. not readily absorbing water, or being adversely affected by water. 3. retention walls. Following in the companies focus to identify new product lines that are exceptionally economically high yielding, less hazardous material risk, and less effort in dominant 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" and manufacture ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale as referenced in the news release issued August 13, 1999, Ike Yancy, Vice President of CYNTECH, stated the following: "As we strive to complete the physical dimension of our operations that will allow us to produce alternative fuel products for the petrochemical industry, we will now be able to competently alleviate a greater portion of the tire waste burden by producing products with exceptionally high returns and using larger amounts of recycled crumb rubber to produce them. We are excited about our complimentary developments, and will pursue them with vigor and passion." Burial vaults and liners typically realize between 200%-400% markup, and coupled with State mandates now requiring every traditional burial to utilize such a vault or liner to prevent remains contacting groundwater resources, and approximately 1.7 million traditional burials in 1994 with an industry growth rate exceeding 27%, this smaller but highly lucrative market may prove to be CYNTECH'S strongest. Tandem with the initiation of burial vault production, CYNTECH TTECHNOLOGIES also intends to manufacture other product lines similar in manufacture: playground mats, industrial floor pads, automotive belts and hoses, and outdoor matting applications. Such markets are expected to realize similar economic returns. 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, 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. For more information please contact CYNT's Investor Relations Investor relations The process by which the corporation communicates with its investors. @ (770) 641-8297. The Company web site is located at www.cyntechtechnologies.com. e-mail address: upgas@aol.com |
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