Millennium Plastics Appoints Solplax Inventor to Its Board and Announces Its Annual Shareholders Meeting.Business Editors LAS VEGAS--(BUSINESS WIRE)--Aug. 27, 2001 Millennium Plastics Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MPCO MPCO Montana Power Company MPCO Marine Pollution Control Officer ), today announced that Bayan Giltsoff, patentor of the Solplax(TM) technology, was appointed as an executive vice president and member of the board of directors of Millennium Plastics on May 4, 2001. His position will be formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. at the annual shareholders meeting scheduled for Sept. 24, 2001 at 9 a.m. in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . Giltsoff's career in international commerce has spanned the Middle East, Far East and Europe and his business interests lie in industries as diverse as aviation, IT, real estate and, since the early 1990s, biodegradable biodegradable /bio·de·grad·a·ble/ (-de-grad´ah-b'l) susceptible of degradation by biological processes, as by bacterial or other enzymatic action. bi·o·de·grad·a·ble adj. plastics innovation. An accomplished linguist lin·guist n. 1. A person who speaks several languages fluently. 2. A specialist in linguistics. [Latin lingua, language; see , Giltsoff speaks five languages including Arabic; a perfect springboard for his internationally acknowledged sales expertise. "The management and technical staff of both MPCO and Solplax are delighted to be able to call on Mr. Giltsoff's extensive knowledge and experience in both the commercial and not least the technical aspects of Solplax(TM) polymers. His appointment will enhance and consolidate our position as leader in the truly biodegradable products market," stated Paul Branagan, president of Millennium. "I am extremely pleased that after the conclusion of our primary product R&D, we have achieved our initial technological and commercial goals. We have now begun deliveries of Solplax(TM) products to clients in the petrochemical, leisure and engineering sectors," intimated Giltsoff. He went on to say, "I look forward to building upon our initial successes in the marketplace and widening our applications and sales base during the coming quarter." Millennium Plastics owns the worldwide patent rights to a new and innovative polymer and coating technology invented in 1995 by Solplax Ltd. of Ireland. Solplax(TM) plastics have the unique and very marketable characteristics of being water-soluble and biodigestible in sewage systems, landfills, and other environments containing microorganisms. The only bi-products are non-toxic water, atmospheric gases and residual biomass. Technical, corporate and investors related information can be found on the Millennium Web site, www.millenniumpolymers.com or on the Solplax site at www.solplax.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: The statements in this news release regarding the addition of Bayan Giltsoff to the board of directors and any other statements, which are not historical facts, are 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. . Such statements involve risks and uncertainties including, but not limited to, costs and difficulties related to the effectiveness of his retention, future financial operational results, competition, general economic conditions, and the ability to manage and continue growth. Should one of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may differ materially from those indicated. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Millennium Plastics Corp. is quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. as "MPCO." Copyright(c) 2001 Millennium Plastics Corp. All Rights Reserved. Solplax is a trademark of Millennium Plastics Corp. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion