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AMWAY, POLAR MOLECULAR ANNOUNCE EXPANDED AGREEMENT FOR MARKETING RIGHTS

AMWAY, POLAR MOLECULAR ANNOUNCE EXPANDED AGREEMENT FOR MARKETING RIGHTS
 SAGINAW, Mich., April 2 /PRNewswire/ -- Polar Molecular Corporation said today that Amway Corporation of Ada, Mich., has acquired expanded marketing rights and certain technology rights, valued at $1 million, as a part of broadened supply and marketing contract.
 Amway has marketed PMC's DurAlt(R) Fuel Additive Technology in the United States, Canada and the United Kingdom under the brand name Freedom(R) Fuel Additive under a 1988 agreement with PMC.
 The agreement gives Amway exclusive worldwide rights to the four products within Amway's "direct seller" field of use.
 PMC, headquartered in Saginaw, holds the patents on a number of fuel additive products, and has agreements with a number of companies, including Dow Chemical Company, Pfizer, Inc., and Harley-Davidson Motor Company on the use of the patented products.
 -0- 4/2/92
 /CONTACT: Mark L. Nelson, president and CEO of Polar Molecular Corporation, 517-790-4764/ CO: Polar Molecular Corporation; Amway Corporation ST: Michigan IN: SU:


PS -- NY009 -- 4183 04/02/92 08:00 EST
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Publication:PR Newswire
Date:Apr 2, 1992
Words:171
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