Isonics Corporation Executives Adopt 10b5-1 Trading Plans.GOLDEN, Colo. -- Isonics Corporation (Nasdaq:ISON) (Frankfurt/FSE:IO9) announced that its 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. , James E. Alexander, and other senior executives have adopted pre-arranged stock trading plans in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934. The plans allow management to sell a portion of their personal holdings of Isonics common stock over time as part of a long-term strategy to diversify personal assets. Rule 10b5-1 of the Securities and Exchange Act of 1934 permits officers and directors of public companies to adopt predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: written plans for trading specified amounts of company stock. Such plans may only be established when the director or officer is not in possession of material nonpublic information Nonpublic information Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading. . The plans are designed to minimize the market effect of stock sales by spreading them out over an extended period of time, and to avoid concerns about initiating stock transactions while in possession of material non-public information. All transactions under these plans will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. Under the plan put in place for Mr. Alexander in July of this year, he will sell up to 240,000 shares of his total holdings of approximately 2 million shares, at a rate of 20,000 shares per month, at a minimum price of $2.50. The 10b5-1 sales will enable Mr. Alexander, 56, to diversify his personal investment holdings and meet retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. goals. Mr. Alexander will remain one of Isonics' largest shareholders. Since founding the company in 1993, Mr. Alexander has sold a total of 200,000 shares of his Isonics stock. About Isonics Corporation Isonics Corporation has three business divisions: (1) Isonics Semiconductor, (2) Isonics Life Sciences, and (3) Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and Defense. Isonics is a world leader in isotopically engineered materials and through its semiconductor division produces isotopically pure silicon-28 chemicals, silicon-on-insulator wafers, wafer reclaim services and test wafers, including 300mm, for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Stable isotopes stable isotope n. An isotope of an element that shows no tendency to undergo radioactive breakdown. can be thought of as ultra pure materials. This high degree of purification provides enhanced properties as compared to natural materials. Our efforts in the Homeland Security segment are nascent nascent /nas·cent/ (nas´ent) (na´sent) 1. being born; just coming into existence. 2. just liberated from a chemical combination, and hence more reactive because uncombined. at the present time as we proceed to develop further our neutron-based detection technologies. Additional information may be obtained at the Company's Web site at www.isonics.com. Isonics is also listed on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. under the 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 IO9. Cautionary Statement Except for historical information contained herein, this document contains 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 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. These statements involve estimates, assumptions, known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's most recent 10-KSB and reports subsequently filed with the Securities and Exchange Commission, which include the Company's historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission. |
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