Urecoats Industries Updates Investment Community; Company Announces Investor Webcast Presentation; Also Files Legal Suit.Business Editors POMPANO BEACH Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. , Fla.--(BUSINESS WIRE)--Sept. 21, 2001 Urecoats Industries Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : UREC UREC Unité Réseaux du CNRS (French) ) (Urecoats), today provided its shareholder base with information regarding recent developments. Webcast The Company announced today that it will host an investor webcast presentation on Monday, October 1, 2001 at 5:00 P.M. ET. The presentation will include an overview of the company's operations, UrecoatsRSM-100(TM) RUBBER SEALANT MEMBRANE (RSM RSM (in Britain) regimental sergeant major ) (TM) product status, BlueMAX(TM) application system sales System sales is a business term used in the franchising industry. Franchisors provide supplies, marketing and administration services to franchisees in return for a part of the franchisees' revenues. Some franchisors also operate some outlets directly. and shipping efforts and other current events. The presentation will be hosted by Tim Kardok, Urecoats' President and COO. To access the webcast please log onto www.kcsa.com or www.urecoats.com 10 minutes prior to the presentation start time. You will need Windows Media Player Digital jukebox software for Windows from Microsoft that plays a variety of audio, video and streaming formats including MP3, WMA, CD audio and MIDI. Starting with Version 6.2 in 1999, the Windows Media Rights Manager was added for securing copyrighted content. or Real Player. In an effort to address shareholder inquiries, the Company asks that you e-mail your questions to urecoats@kcsa.com by no later than Tuesday, September 25, 2001 at 5:00 P.M. ET. Legal On September 17, 2001 the Company filed a legal complaint in the Supreme Court of the State of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of against several individuals. The complaint alleges, among other issues, that certain defendants regularly posted libelous In the nature of a written Defamation ,a communication that tends to injure reputation. messages on the Raging Bull message boards regarding Urecoats Industries, its management team, key products-- including its UreoatsRSM-100(TM) RUBBER SEALANT MEMBRANE (RSM) (TM), and its BlueMAX(TM) application system. Timothy M. Kardok, President and COO commented, "Each member of the Urecoats management team is committed to providing its customers and shareholders with the most comprehensive and honest information available to us. During the past several months we have worked diligently to bring the UrecoatsRSM-100(TM) and BlueMAX(TM) application system to market. I am pleased to announce we have been on course with our goals and will deliver our first BlueMAX(TM), Model 230, to our first certified contractor in early October. Mr. Kardok continued, "Recently, a small group of individuals, including some former Urecoats employees, have consistently posted defamatory and misleading statements on certain chat boards, including Raging Bull. In each instance, as filed in our complaint, these individuals asserted claims which were false. In the interest of our shareholders and Urecoats Industries we have taken this necessary action and will continue to protect our reputation and bring suit against any individual who defames us in any way. Our efforts have been and remain focused on bringing to market the most revolutionary sealant product available on the market today. In addition, with our recent acquisition of Infiniti, we have diversified our product line and are gearing our operations towards sales, marketing, manufacturing and distribution of our comprehensive range of sealant and coating products." About Urecoats Industries Urecoats Industries, through its wholly owned subsidiaries 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. , Urecoats International, Inc., Urecoats Technologies, Inc., Urecoats Manufacturing, Inc., Urecoats Distribution, Inc., Rainguard Roofing Corporation, and Infiniti Paint Co., Inc. is a developer, marketer, distributor, and applicator ap·pli·ca·tor n. An instrument for applying something, such as a medication. applicator, n a device for applying medication; usually a slender rod of glass or wood, used with a pledget of cotton on the end. of roofing and waterproofing and other types of sealants and coatings, some of which include recycled material in their compositions. The Company's flagship product, UrecoatsRSM-100(TM)RUBBER SEALANT MEMBRANE (RSM)(TM), creates a seamless vapor barrier that eliminates air or water intrusion, thereby preventing corrosion and deterioration. The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, consumer spending levels, adverse weather conditions and other factors could cause actual results to differ materially from the Company's expectations. This release is available on the KCSA Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide Web site at www.kcsa.com. |
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