IMSCO Technologies, Inc. Announces Additional Patent, Negotiations With Major Coffeemaker Manufacturers.NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Oct. 30, 1998--IMSCO Technologies Inc. (NASDQ-BB:IMSO IMSO International Mobile Satellite Organization IMSO International Military Student Office IMSO International Military Student Officer IMSO Integrated Micro Systems Operation IMSO International Mathematics and Science Olympiad IMSO In My Stupid Opinion )("the Company"), announced today that the U.S. Patent and Trademark Office has indicated the allowability of an additional patent on IMSCO's proprietary decaffeination Decaffeination is the act of removing caffeine from coffee beans, mate, cocoa, tea leaves and other caffeine containing materials. (While caffeine-free soft drinks are occasionally referred to as "decaffeinated," some are actually prepared by simply leaving caffeine out in the technology, which is expected to issue within the next several months. The Company, with the assistance of Intellectual Property Counsel, Coudert Brothers, is preparing to file additional patents for additional uses and applications directed to advancements in the Company's electrostatic separation technology. On October 28, 1998, the Company delivered the final production models of its institutional "Brew Basket Decaffeinator" to Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. & Company (ADL), Cambridge, Massachusetts. Mr. Alexander T. Hoffmann, Chairman and 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. of IMSCO stated, "ADL is in the process of preparing for the verification and testing of the Company's proprietary, patented decaffeination technology for the institutional coffeemaker cof·fee·mak·er also coffee maker n. An apparatus used to brew coffee. market which will give us the independent verification needed as we approach the commercialization of our first "Decaffeinator Products". Mr. Hoffman also announced that "the Company has recently received proposals and is currently in advanced stage negotiations with several major manufacturers and marketers of consumer and institutional coffeemakers for the exclusive rights to the Company's patented, proprietary decaffeination technology for the retail consumer and institutional coffeemaker marketplace". IMSCO Technologies, Inc. is a Separation Technology Company based in North Andover, MA., that has developed a patented, proprietary process that decaffeinates brewed coffee on demand. In addition, the IMSCO Process has the potential to improve the effectiveness, accuracy and speed of blood tests, the separation of viral DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. and RNA RNA: see nucleic acid. RNA in full ribonucleic acid One of the two main types of nucleic acid (the other being DNA), which functions in cellular protein synthesis in all living cells and replaces DNA as the carrier of genetic from blood and blood products, water purification and desalination desalination or desalting Removal of dissolved salts from seawater and from the salty waters of inland seas, highly mineralized groundwaters, and municipal wastewaters. , purification of essence in the perfume industry, purification of flavors and protein purification for the pharmaceutical industry. This press release contains forward-looking statements which are made pursuant to the safe-harbor provisions of 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. Expressions of future goals and similar expressions including without limitation "believes", "should", "hope", "expects", "expected", "does not currently expect" and "forecast", reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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