IMSCO Technologies Inc. Announces New Director, Management Change.NORTH ANDOVER, Mass.--(BUSINESS WIRE)--March 30, 1999--IMSCO Technologies Inc. (NASDQ/Bulletin Board: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 the appointment of Mr. Timothy J. Keating Admiral Timothy J. Keating assumed command of the United States Pacific Command on 26 March 2007. He left his position as commander of the North American Aerospace Defense Command and of the United States Northern Command at Peterson Air Force Base, Colorado on 23 March 2007. to fill a vacancy on the Board of Directors. Mr. Keating is a respected financial professional with a record of success in the development of early stage companies. A graduate of Harvard College, Mr. Keating founded and ran the European Equity Derivative Products Department for Nomura International plc in London, was a proprietary arbitrage trader and head of the European Equity Trading Department at Bear Stearns International Limited, London and for the past two years was a principal and portfolio manager in a private partnership investing in microcap companies. In a related development, IMSCO announced that Sol Berg has been removed as president of the Company. Mr. Alexander Hoffmann, 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. of IMSCO stated, "management and the Board of Directors of IMSCO feel that it is in the best interest of the Company and its shareholders to contract the operations of the North Andover office and move the development and commercialization efforts for its patented 'Decaffeinator Basket' to the facilities of the 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 in Cambridge, Massachusetts". The Arthur D. Little Company has offices in over 30 countries offering Management Consulting, Technology and Product Innovation and Environmental, Health and Safety Consulting. IMSCO Technologies Inc. is a Separation Technology Company based in North Andover, Massachusetts North Andover is a town in Essex County, Massachusetts, United States. The population was 27,202 at the 2000 census. History North Andover was first settled in 1646 and was officially incorporated in 1855. 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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