HiEnergy Attains Co-Counsel for SEC Filings.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--Feb. 9, 2004 HiEnergy Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : HIET) today announced it has retained Richardson & Patel LLP LLP - Lower Layer Protocol of Los Angeles to engage as co-counsel for the Company's SEC Filings. Richardson & Patel LLP specializes in corporate and securities law, mergers, acquisitions, corporate finance and business and employment 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. , serving both public and private companies from a wide range of industries. The firm's reputable transactional attorneys will assist HiEnergy primarily in its routine SEC and state regulatory filings. "We are pleased to retain such an exceptional firm to engage as co-counsel for our filings with the SEC and state of California," said Bogdan C. Maglich, HiEnergy Technologies, Inc.'s Chairman, 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. , and Chief Scientific Officer. "It is vital to ensure a seamless filing process as we move forward with our product development and commercialization initiatives." HiEnergy recently announced its first product to market: The CarBomb Finder C3C C3C Civilization III: Conquest Expansion (computer game) C3C Communications Control Center for Centrex Management C3C Cadet 3rd Class (TM), which utilizes stoichiometer explosive detectors - a unique explosive detection technology that remotely deciphers the chemical formulas of concealed substances, including explosives, biological weapons, and illegal drugs through barriers in a matter of tens of seconds, even if the substance is encased en·case tr.v. en·cased, en·cas·ing, en·cas·es To enclose in or as if in a case. en·case  ment n. in steel. Members of the Spanish airport security agency of the government of Spain, AENA AENA Aeropuertos Españoles y Navegación Aérea AENA All England Netball Association AENA Amis des Epagneuls Nains Anglais (French: Friends of the Cavaliers and King Charles Spaniels) , tested the C3C at HiEnergy's California test site in September 2003. Field tests are scheduled in Madrid pending only the permits from the Spanish Environmental Safety authorities, which the Company anticipates to receive by the end of February or beginning of March at the latest. About HiEnergy Technologies, Inc. HiEnergy's Stoichiometry stoichiometry Determination of the proportions (by weight or number of molecules) in which elements or compounds react with one another. The rules for determining stoichiometric relationships are based on the laws of conservation (see technology has applications in several markets, including airport security screening, bio-weapons detection, landmine detection, contraband detection, and chemical and petrochemical industry applications. It has been developed through several years of research funded by both the private sector and contracts from the Department of Defense and U.S. Customs. Currently, HiEnergy is under contract with the U.S. Army to develop a Stoichiometer prototype for anti-tank landmine detection. The first field test is scheduled for March 15, 2004. FORWARD-LOOKING STATEMENTS HiEnergy's marketing plans and the prospective or potential properties of its technology as described in this news release constitute "forward looking statements" within the meaning of the United States federal securities laws that involve risks and uncertainties. Actual results may vary substantially from our present expectations as a result of a variety of factors including, by way of example and not limitation, HiEnergy's financial requirements and capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. ; HiEnergy's ability to satisfactorily procure and perform sales or licensing contracts for its 3C3 technology on a profitable basis, acceptance of and demand for its 3C3 technology by governments and other prospective users; regulatory constraints; and the various risks and uncertainties disclosed by HiEnergy in its various and reports filed from time-to-time with the SEC. Readers are urged to carefully review and consider all of the other various disclosures of risk factors made by HiEnergy in its most recent annual report or subsequent quarterly or current reports filed from time-to-time with the SEC, on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Form 10-Q, and Form 8-K. |
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