Hawks Industries Completes Name Change to EMEX Corp.Business Editors LAKEWOOD, Co.--(BUSINESS WIRE)--Feb. 20, 2001 Hawks Industries, Inc. (Nasdaq:Hawk), is now EMEX EMEX Equatorial Mesoscale Experiment Corporation and begins trading Tuesday on the Nasdaq under its new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors EMEX. The name change reflects the company's focus on new technologies to produce clean fuels and electricity from natural gas sources as well as the continuing development of its large portfolio of natural resources. "We continue to identify and quantify valuable resources like natural gas and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. while our proprietary technologies achieve new, clean methods to produce fuels and energies for tomorrow's applications. EMEX provides a clean break with the past endeavors of Hawks and describes where the company is headed," said EMEX president Walter Tyler. EMEX's energy and technology products and proprietary processes fall under the Blue Star Technologies line, which includes Gas-To-Electricity, Gas-To-Liquid and Gas-To-Solid processes. The processes use natural gas and air as chemical inputs to produce relatively large or small yields of heat, electricity, liquid or solid fuels and feedstocks. The company is currently building a pilot plant in Arvada, CO, that synthesizes a clean burning, low-sulfur diesel, known as Blue Star S-2, from natural gas. It has initiated Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and registration of the fuel, and is completing plans to scale up the plant for commercial production by 2002. Through its Resources Division, EMEX is the largest mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature developer in Alaska, with over 7 million acres under its exclusive control, including potentially rich gold and silver properties. EMEX is also developing natural gas holdings in Southern Utah. In January, the company's board of directors gave preliminary approval to a spin off EMEX's Northway multi-metal property in Alaska into a new public subsidiary, to be known as Northway Holdings Corporation. The Northway property is regarded by EMEX as one of its more promising discoveries, with initial exploration signifying the potential for a rich gold and silver ore body. Talks are underway with a major mining company for a possible joint venture, but the terms of any agreement have not yet been made. Meanwhile, the company is pushing ahead with its own exploration program. 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 spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. plan, about 30 percent of the outstanding shares of the new public company will be distributed as in-kind dividend to the EMEX shareholders. The remaining outstanding shares of the new public company will be held primarily by EMEX and in part by Doyon Limited, the Native American corporation from which EMEX's underlying rights in the new property were originally acquired. Additional shares of the new public company that are authorized but unissued will be available for future use. The combination of developing both technologies and a substantial resource base is referred to by EMEX as "asset-backed technologies," a concept the company sees as crucial to surmounting economic challenges faced by emerging technologies. For more information contact: Matt Gallagher at Weber Shandwick Worldwide Weber Shandwick Worldwide is an international public relations firm which claims 60,000 employees in over 160 countries. It was formed by the merger of Weber Group, Shandwick International, and BSMG Worldwide in 2001. , 646 658 8155, or visit the EMEX website at www.emexcorp.com. Statements about future expectations in this press release other than historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, and, as that item is defined in the Public Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1955. Such 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. involve risks and uncertainties and are subject to change at any time. Actual results could differ materially from expected results. |
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