Utah Clay Technology Inc. Makes Announcement.SALT LAKE CITY--(BUSINESS WIRE)--Jan. 26, 1999-- -0-
Company Information:
Utah Clay Technology Inc.
Symbol: NASDAQ BB: UTCL
Contact: Dennis S. Engh, president or
Tony Lotito, director of marketing
Price: Bid - $0.18 - Ask - $0.20
Common Stock
Outstanding
at 12/31/98: 5,556,574
Common Stock
warrants
outstanding at
12/31/98: None
Utah Clay Technology Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:UTCL), an investment banking firm was hired according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dennis S. Engh, its president to advise the company on their financing of a new processing plant in southern Utah. The first phase of the new plant is estimated to cost $15 million and will produce both hydrous hydrous containing water. and calcined kaolin kaolin (kā`əlĭn): see china clay. pigments. The production capacity of the plant will be 100,000 tons per annum Per annum Yearly. and will produce a sales volume of $30 million. The new plant will take approximately a year to build. Engh also stated that this plant will be 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. Certified and be a low cost producer of kaolin pigments. The company presently produces its products utilizing contract processors. Utah Clay Technology Inc. has developed special processing technology to produce high quality kaolin pigments at reduced prices. The company's operations are located in southern Utah where it mines, processes and distributes its kaolin products through chemical distributors to their industrial customers in the paint, plastic, ceramics, polishes, inks, adhesives, rubber, fibre glass, pharmaceuticals and cosmetics industries. Utah Clay Technology Inc. 3985 South 2000 East Salt Lake City, UT 84124 |
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