Kolorfusion International Announces License Agreement with Ace Industries; Ace Industries Enters 20-year License Agreement for Kolorfusion Technology.DENVER--(BUSINESS WIRE)--Nov. 12, 1998--Kolorfusion International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:KOLR KOLR is the CBS affiliate for Springfield, Missouri and the Ozarks region. The Mission Broadcasting outlet operates at analog channel 10 and digital channel 52. The Studio is at 2650 E. Division St. Its transmitter is located at 3203 Switchgrass Road, Fordland, MO. ) Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Nagel, President of Kolorfusion International, Inc., announced today a completed agreement with Ace Industries, Inc. (Chicago, Ill.) to a twenty year license (four 5 year terms) for the use of Kolorfusion's patented coloration col·or·a·tion n. 1. Arrangement of colors. 2. The sum of the beliefs or principles of a person, group, or institution. technology. Ace Industries has been manufacturing and marketing various lighting products and components for 36 years and boasts a large list of clients, including Haggerty Enterprises, manufacturer of the famous Lava Lamp, and Kichler Lighting, one of the country's largest lighting manufacturers. Now, with Kolorfusion's patented technology, Ace can offer their large client base decoration with any design and colors. Ace Industries' President, Mike Holewinski, stated: "We believe that the use of the Kolorfusion technology will create an opportunity for substantial sales growth for ourselves and our customers in 1999. The exciting array of unique finishes will differentiate our customers' products in the market place and support higher profit margins for them." The license agreement calls for the purchase from Kolorfusion of minimum yearly supplies as well as a yearly fee for the use of the technology. Both Kolorfusion and Ace Industries expect orders to greatly exceed the minimum requirements of the license agreement. Steve Nagel of Kolorfusion stated: "Ace Industries, similar to our pending west coast licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. George Industries, a large aluminum anodizer, offers an opportunity for our technology to be advanced into a specialty market where the customer needs to have our process done in conjunction with another finishing process. Further, Ace's location in Chicago will create the first presence for our technology in a major mid-west industrial market." Kolorfusion is moving forward in many different markets as it proceeds to further promote and license its cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. technology. Kolorfusion's patented process allows the decoration of plastic, composite materials composite material or composite, any material made from at least two discrete substances, such as concrete. Many materials are produced as composites, such as the fiberglass-reinforced plastics used for automobile bodies and boat hulls, but the , coated metal, glass and wood. For more information, check out Kolorfusion's website at www.kolorfusion.com |
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