Struthers Inc. Announces a Partial Acquisition of One of the World's Top Swine Breeding Facility/Provides Struthers With New Genetically Superior Swine.CHARLESTON, S.C.--(BUSINESS WIRE)--June 7, 1999-- Struthers, Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: STRU STRU Structure ) the industry leader in the implementation of swine embryo technology is pleased to announce that it has acquired a 20% stake in SPHC Herd and Breeding Facility. Struthers has also negotiated an option to purchase the balance of the herd for a combination of cash and stock over the next three years. Located in Kippen Ontario, Canada, SPHC has one of the world's top 10 genetically superior herd of both male and female swine. The interest taken in SPHC by Struthers is viewed as highly significant in their ongoing effort to build its portfolio of genetically superior swine breeding herds. Under the terms of the agreement, Struthers will also have the rights to all of the semen and embryos of the entire herd. Corporate Growth Plan The growth plan and business model for Struthers involves the continued growth of their superior breeding swines, proliferating their breeding technology throughout the industry. The Struthers technology offers tremendous features and benefits. The significance of these benefits lies in a breeder's ability to create a higher quality hog that commands approximately a 20% premium in the marketplace. Struthers' technology is differentiated with the following advantages: -- Ease of transportability - Swine embryo transfer embryo transfer n. After artificial insemination, the process by which the fertilized ovum is transferred at the blastocyst stage to the recipient's uterus. technology (ET) artificially inseminated in·sem·i·nate tr.v. in·sem·i·nat·ed, in·sem·i·nat·ing, in·sem·i·nates 1. To introduce or inject semen into the reproductive tract of (a female). 2. To sow seed in. genetically superior embryos can be efficiently transported easily en masse en masse adv. In one group or body; all together: The protesters marched en masse to the capitol. [French : en, in + masse, mass. thereby eliminating the need for live animal transport. For the cost of an airplane ticket, any multiple of 100 embryos can be transported in a briefcase. -- Vastly extended embryo shelf life - ET technology allows embryos to be kept alive for over 72 hours or more than 200% more than conventional technology allows. -- Elimination of disease transfer risk - ET technology all but eliminates the transfer risk of disease - an otherwise major industry problem. -- 2100% faster at creating a new genetic line - Whereas the use of artificial insemination artificial insemination, technique involving the artificial injection of sperm-containing semen from a male into a female to cause pregnancy. Artificial insemination is often used in animals to multiply the possible offspring of a prized animal and for the breeding alone for the introduction of new blood lines requires a full 15 generations or 7 years, ET technology enables complete transfer of a new genetically superior animal in one step requiring a mere 115 days. Commenting on the agreement with SPHC, Struthers Inc. management team stated, "We are very excited about our new interest in SPHC. Our ongoing effort to acquire superior animals, both male and female swine, coupled with our advanced Embryo Transfer Technology will continue to broaden our competitive advantage. We currently enjoy an approximate 5-year head start over our nearest competitor." Continuing, management added, "Our technology and process for expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex and cost effectively creating genetically superior swine herds is revolutionary to the industry. Pork is the most widely consumed meat in the world. With worldwide pork consumption in the $4 billion area, the demand for higher quality, i.e. lean hog Lean Hog refers to a commonly used type of Hog (pork) that can be easily traded in mercantile and option exchanges. This type of hog is the source of the majority of the pork meat in the US. Lean Hog is a replacement term for Live Hog. products is tremendous. We now offer the industry the complete solution for efficient production of a consistently superior meat product." Struthers, Inc. is a company focused on commercializing its breakthrough technology of Porcine porcine /por·cine/ (por´sin) pertaining to swine. porcine pertaining to pig. See also hog (1), swine. porcine circovirus 1 a nonpathogenic virus. Embryo Transplants and the elimination of disease in hog herds. 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 provides a "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. " for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Struthers, Inc.) contains statements that are forward-looking, such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future anticipated direction of the porcine industry future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Struthers, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. |
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