Pro Tech Communications Acquires Expanded and Exclusive Rights to over 50 Noise Cancellation Patents.Business Editors FORT PIERCE, Fla.--(BUSINESS WIRE)--April 21, 2004 Expanded Rights Include Recognized NoiseBuster(R) and ProActive(R) Brands Pro Tech Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PCTU) today announced that, in exchange for shares, the company has obtained an expanded, exclusive worldwide technology license from its parent company, NCT NCT National Childbirth Trust NCT National Car Test NCT North Carolina Theatre NCT National Coordination Team NCT Northern California TRACON NCT Noise Cancellation Technology NCT Network Control and Timing NCT Nicotine Replacement Therapy Hearing Products, Inc. ("NCT Hearing"), a 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. of NCT Group, Inc. (OTCBB:NCTI NCTI National Center for Technology Innovation NCTI National College of Technical Instruction (Roseville, CA) NCTI National Centre for Trade Information (India) NCTI National Cable Television Institute ) This license, which covers over 50 patents, patents pending and innovations relating to active noise reduction (ANR ANR - Automatic Network Routing ) and noise and echo cancellation, now encompasses all styles of headsets (an expansion from lightweight, open back styles) including headphones, earmuffs Earmuffs are objects designed to cover a person's ears for protection. They consist of a thermoplastic or metal head-band, that fits over the top of the head, and a pad at each end, to cover the external ears. , earbuds, earplugs, etc., as well as all markets (an expansion from lightweight cellular, multimedia and telephony) including consumer audio, industrial safety, spectator racing, two-way radio communications and aviation. In addition to the expanded product and technology license, Pro Tech has responsibility for all manufacturing, distribution and marketing of NCT Hearing's most successful existing brands including: NoiseBuster(R) ANR lightweight consumer audio and communications headsets; ProActive(R) ANR industrial safety earmuffs and two-way radio headsets including aviation; and ClearSpeech(R) noise and echo cancellation algorithm-based products. "This expanded license affords us the opportunity to deliver proprietary, innovative products to the worldwide headset and communications markets," said Richard Hennessey, president. "NCT Hearing has spent years developing this technology as well as building strong brands for its ANR and noise and echo cancellation products. Pro Tech will greatly benefit from NCT Hearing's significant investment. Additionally, a highly-experienced and accomplished headset engineering team is now dedicated to Pro Tech full time in order to assist us in bringing to market innovative headset products. The combination of Pro Tech's headset marketing experience with NCT Hearing's breakthrough technology and engineering expertise will enable Pro Tech to agressively compete in all markets." About Pro Tech Pro Tech Communications, Inc. develops, manufactures and distributes headsets and other communications products to call centers, quick service restaurants and other markets. The Company's customer base includes McDonald's, Boeing and other high-profile organizations. For more information refer to www.protechcommunications.com. Cautionary Statement Regarding Forward-Looking Statements Certain statements contained in this press release are forward-looking statements 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 (the "Act"). In order to obtain the benefits of 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 Act for any such forward-looking statements, the Company wishes to caution investors and prospective investors about significant factors, which among others, have in some cases affected the Company's actual results and are in the future likely to affect the Company's actual results and cause them to differ materially from those expressed in any such forward-looking statements. Investors and prospective investors should read this press release in conjunction with the Company's reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Forms 10-Q as filed with the Securities and Exchange Commission. Filings are available online at www.sec.gov. |
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