UTEK Corporation Sells Electronic Luminescent Technologies Inc. Subsidiary to FullCircle Registry, Inc.Business Editors/Technology Writers PLANT CITY, Fla., LOUISVILLE, Ky. & GAINESVILLE, Fla.--(BUSINESS WIRE)--June 20, 2002--UTEK Corporation ("UTEK") (AMEX AMEX See: American Stock Exchange :UTK UTK University of Tennessee at Knoxville UTK Unreal Tournament Knights UTK Unit Tindak Khas (Malaysia police special action unit) ), FullCircle Registry, Inc. ("FullCircle") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FLCR.OB) and The University of Florida University of Florida is the third-largest university in the United States, with 50,912 students (as of Fall 2006) and has the eighth-largest budget (nearly $1.9 billion per year). UF is home to 16 colleges and more than 150 research centers and institutes. Research Foundation ("UF") announced today that UTEK's Electronic Luminescent lu·mi·nes·cent adj. Capable of, suitable for, or exhibiting luminescence. [Latin l  men, l Technologies, Inc. ("ELTI ELTI English Language Training Institute (UNC Charlotte)ELTI Excellence in Learning and Teaching Initiative ELTI Embedding Learning Technology Institutionally (UK e-learning) ELTI Elapsed Time Indicator ") 91% owned subsidiary has acquired the exclusive license to UF's patent pending illumination technology ("GLOW-BIKE"(TM)). In addition, the parties announced that ELTI has been acquired by FullCircle in a stock-for-stock transaction. UF's GLOW-BIKE(TM) technology enhances the visibility of wheelchairs and other wheeled vehicles Noun 1. wheeled vehicle - a vehicle that moves on wheels and usually has a container for transporting things or people; "the oldest known wheeled vehicles were found in Sumer and Syria and date from around 3500 BC" axle - a shaft on which a wheel rotates . About UTEK Corporation UTEK(R) is an innovative technology transfer company dedicated to building bridges between university and laboratory developed technologies and commercial organizations. UTEK identifies, licenses and finances the further development of new technologies and then transfers them to growing companies for an equity stake. UTEK is a business development company. About FullCircle Registry, Inc. FullCircle is a technology-based provider of emergency information and document management services. FullCircle is headquartered in Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). . About The University of Florida UF is a major, public, comprehensive, land-grant, research university. UF is the oldest, largest and most comprehensive university in the state and is among the nation's most academically diverse public universities. UF has a long history of established programs in international education, research and service. With more than 46,000 students, UF is one of the five largest universities in the nation. Certain matters discussed in this press release 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. ." These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "expects," "anticipates" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those currently anticipated. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. |
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