WILSHIRE TECHNOLOGIES RELOCATES TO CARLSBAD, CALIF.
LA JOLLA, Calif., Feb. 11 /PRNewswire/ -- Wilshire Technologies Inc. (NASDAQ: WITE) today announced the planned relocation of its corporate headquarters and its Wilshire Contamination Control division operations to the Palomar Airport Research Park, 5922 Farnsworth Court, Carlsbad, CA 92009. Wilshire has signed a five-year lease for 12,000 square feet of space with an option on the remaining 26,000 square feet in the facility. The relocation should be effected by March 1, 1993. Michael W. Crow, chairman and chief executive officer, stated, "Based upon the projected growth of our UltraSorb(TM), DuraClean(TM), and other advanced products, we believe that Wilshire will take the additional space in the near future." Wilshire Technologies made its initial public offering of common stock in November 1992. The company develops, manufactures and markets disposable products for medical and clean room use through its subsidiaries, Wilshire Medical Products and Wilshire Contamination Control. The company has focused on proprietary products that incorporate its engineered materials, acquired polyurethane and other technologies, and its expertise in materials fabrication. -0- 2/11/93 /CONTACT: Michael Crow, chairman and CEO of Wilshire Technologies, 619-456-9400; or Bruce Russell of Russell Communications Group, 310-216-1414, for Wilshire Technologies/ (WITE)
CO: Wilshire Technologies Inc. ST: California IN: HEA SU:
JB-KJ -- SD002 -- 5630 02/11/93 11:00 EST
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|Date:||Feb 11, 1993|
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