Ecology Coatings, Inc. Announces Definitive Agreement to Merge with OCIS Corporation.Nanotechnology Leader Marks Significant Milestone in APO apo- 1 A prefix indicating a protein component in a conjugated molecule–eg, apoferritin, apolipoprotein, see there 2 Apolipoprotein, see there Process BLOOMFIELD HILLS, Mich. -- Privately held Ecology Coatings, a leading developer of nano-engineered industrial coatings An industrial coating is a paint or coating defined by its protective, rather than its aesthetic properties, although it can provide both. The most common use of industrial coatings is for corrosion control of steel or concrete. for cleaner, more efficient manufacturing, entered into a definitive agreement to merge with publicly held OCIS OCIS Oxford Centre for Islamic Studies (UK) OCIS Optics Classification and Indexing Scheme OCIS Organized Crime Information System OCIS On-Line Customer Information System Corporation as part of a alternative public offering (APO) transaction. The merged company, to be named Ecology Coatings, is expected to trade 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. . The management of Ecology Coatings will become the management of the surviving public entity. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the merger agreement, OCIS will offer shares of its common stock in exchange for the outstanding common stock of Ecology Coatings. OCIS will issue to the shareholders of Ecology Coatings up to thirty-one million eight hundred thousand (31,800,000) shares of the common stock of OCIS. Upon completion of the merger, the shareholders of Ecology Coatings are expected to hold approximately 95.2% of the common stock of the surviving public entity, while the current shareholders of OCIS will own approximately 4.8%. Richard Stromback Richard Stromback (born: January 29, 1969) is a former professional hockey player (OHL, ECHL), an active investor and entrepreneur. In 1997 he founded Web Group, a technology staffing and search firm; he served as its CEO and President until 2003 during which time Web Group ranked , Chairman of Ecology Coatings, said, "This agreement marks a significant step in the process of becoming a publicly held company." He added, "Ecology Coatings is another step closer to being accessible within the micro cap public market, creating an opportunity for investors to get involved in an emerging technology that combines the capabilities of nanotech with the benefits of cleantech." The closing of the merger is targeted for June 2007, subject to customary closing conditions, SEC review as well as stockholder approval from both companies. About Ecology Coatings Ecology Coatings is a leader in the development of nano-engineered, ultra-violet curable cur·a·ble adj. Capable of being cured or healed. coatings that drive efficiencies and clean processes in manufacturing. Leveraging a platform of integrated nano-material technologies, the company creates proprietary coatings with unique performance attributes. Ecology collaborates with industry leaders to develop revolutionary high-value, high-performance coatings for military, automotive, industrial, electronic and medical applications. Ecology Coatings is a privately-held company based in Akron, Ohio Akron is a city in the U.S. state of Ohio and the county seat of Summit County.GR6 The municipality is located in northeastern Ohio on the Cuyahoga River between Cleveland to the north and Canton to the south, approximately 60 miles (96 km) west of . For more information visit http://www.ecologycoatings.com Statements in this press release that are not historical fact may be deemed forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Ecology Coatings believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Ecology Coatings is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability meet the conditions necessary to complete the proposed APO transaction. |
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