Micromem Retains Benjamin Group/BSMG Worldwide for Public Relations Services.Business Editors TORONTO--(BUSINESS WIRE)--Feb. 9, 2000 Micromem Technologies Inc., developers and licenser of MAGRAM MAGRAM Magnetic Radar Absorbing Material (TM) digital memory, Wednesday announced their engagement of Benjamin Group/BSMG Worldwide. Benjamin Group will serve as Micromem's public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most agency of record providing strategic communication services focused on assisting Micromem market its breakthrough MAGRAM memory technology. &uot;The potential for MAGRAM memory is tremendous,&uot; said Stephen B. Fleming, president and chief executive officer of Micromem's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Pageant Technologies Inc. &uot;Over the past year, we've made tremendous progress in the technology's development and hope to make significant announcements concerning MAGRAM in the coming months. Benjamin Group will play an instrumental role in communicating these announcements to the world.&uot; Micromem recently announced that it expects to complete fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. of a 1000 bit array of its MAGRAM memory technology by early February. Heralded by some industry insiders as the holy grail of the computer industry, MAGRAM offers a potentially superior replacement to all digital memory available today. About Micromem Micromem, a corporation with head offices in Toronto, is dedicated to the development of next-generation memory technology known as MAGRAM. Micromem, through its wholly-owned subsidiary, Pageant Technologies Inc. (&uot;PTI&uot;), holds a 100% exclusive worldwide license to develop MAGRAM technology and to manufacture and sell related products. PTI PTI - Portable Tool Interface is the holder of an undivided 50% interest in the United States patent and patent applications worldwide in respect of MAGRAM. Under the terms of the license, PTI is required to pay to the licensor or its nominee a royalty of 40% of the gross profit (less expenses). About the Benjamin Group/BSMG Worldwide Benjamin Group is one of the largest high-tech public relations agencies in Silicon Valley and the largest PR firm in Orange County. The company has been frequently named one of the &uot;Hot Technology Shops&uot; nationwide in Inside PR magazine's annual PR Agency Report Card. Benjamin Group has been recognized with several awards including PROTOS Awards and Awards of Excellence from the Public Relations Society of America The Public Relations Society of America (PRSA), based in New York City, is the world's largest organization for public relations professionals. The organization has more than 30,000 professional and student members, and is organized into 112 chapters nationwide. (PRSA PRSA Public Relations Society of America PRSA Personal Retirement Savings Account PRSA Puerto Rican Student Association PRSA Puerto Rican Studies Association PRSA Park and Recreation Service Area PRSA President of the Royal Scottish Academy ) and the Silver Anvil anvil Iron block on which metal is placed for shaping, originally by hand with a hammer. The blacksmith's anvil is usually of wrought iron (sometimes of cast iron), with a smooth working surface of hardened steel. , PRSA's top honor. For further information regarding Micromem or MAGRAM technology contact Stephen Fleming, president 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 Pageant Technologies (USA) Inc., a subsidiary of Micromem Technologies, at 505/471-3027. Also, visit Micromem's Web site at www.magramtm.com or call Micromem investor relations Investor relations The process by which the corporation communicates with its investors. hotline at 800/251-4205. Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the company's customers, competition and other factors discussed from time to time in the company's filings with the Securities &Exchange Commission. No securities regulatory authority has approved or disapproved of the contents of this news release. |
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