Nurescell Inc. Announces Full Production Capability of Their Liquid and Solid Material for Radiation Shielding.Business Editors and High-Tech WritersNEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 8, 2000 Nurescell Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:NUSL NUSL Northeastern University School of Law NUSL National Underground Science Laboratory NUSL Naval Underwater Sound Laboratory ) Monday announced the opening of their newly leased manufacturing facility located in Costa Mesa. This plant has full capability of manufacturing their liquid and solid radiation shielding material. Nurescell expects to increase production from one shift to two shifts by the 4th quarter of this year. This gives the company the capability to produce enough material for many (approximately 100) customers currently waiting for material availability. To name a few, there is South Coast Medical Center for their new cancer treatment center and Shamrock Supply for San Onofre Nuclear Power Station. Adrian Joseph, 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 Nurescell Inc. commented, "We are glad to announce that we have lived up to our commitment to our shareholders as promised in our prior announcement in the beginning of the year that we would enter into full production in 90 days. We have transitioned from batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. to a full one shift per day of manufacturing for our material in liquid and solid processing. "We are now ready and able to take and fulfill orders on time. Nurescell(TM) will produce its product in their new facility in Costa Mesa. The plant will be operated by a third party manufacturing company ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001. More importantly, Nurescell Inc. is no longer a research company, but is a real manufacturing company." About Nurescell With headquarters in Newport Beach, Nurescell has developed a proprietary radiation shielding material for the nuclear power industry and other industries involved in producing, handling, or storing radioactive materials. Nurescell's material has been designed for retrofit into radioactive areas to provide a cost-effective, long-life safeguard against the lethal effects of radiation exposure for operating personnel and engineers. The company's material is designed as an effective alternative to conventional radiation blockers such as concrete/steel, lead entombment and glassification technologies, which are used in the storage of ever-increasing amounts of spent nuclear fuel Spent nuclear fuel, occasionally called used nuclear fuel, is nuclear fuel that has been irradiated in a nuclear reactor (usually at a nuclear power plant) to the point where it is no longer useful in sustaining a nuclear reaction. and other radioactive wastes. Nurescell's material is based upon a proprietary formulation that was acquired in June 1998 from Joseph. Forward-Looking Statements In accordance with the 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. 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, the company notes that statements in this news release that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the company's actual results of operations. Among other factors that could cause actual results to differ materially from those set forth in the forward-looking statements, it should be noted that any orders for the company's products are subject to cancellation or non-renewal. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion