Re: 9/24/01 - [UREC] Urecoats Industries Inc - Updates Investment Community - Company Announces Investor Webcast Presentation - Also Files Legal Suit
URECOATS INDUSTRIES INC - Updates Investment Community - Company Announces Investor Webcast Presentation - Also Files Legal Suit
New York, New York, Sep 24, 2001 (Market News Publishing via COMTEX) -- Urecoats Industries Inc. (Urecoats), provided its shareholder base with information regarding recent developments.
Webcast
The Company announced 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) (TM) product status, BlueMAX(TM) application system sales 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 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 against several individuals. The complaint alleges, among other issues, that certain defendants regularly posted libelous 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, 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 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 Worldwide Web site at www.kcsa.com.
CONTACT: TEL: 954/977-5428 Timothy M. Kardok, Urecoats Industries Inc.
KCSA
TEL: 212/896-1210 Public Relations: Deborah Radman
Email: dradman@kcsa.com
TEL: 212/896-1213 Investor Relations: David Sasso
Email: dsasso@kcsa.com
TEL: 212/896-1265 Ed Sweeney
Email: esweeney@kcsa.com
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
siliconinvestor.com
=====
By: Stalin666
Reply to: 22150 by amartell $$$$ Sunday, 7 Oct 2001 at 1:38 PM EDT
Post # 22156 of 22203
You don't need patent approval to either sell or use a product, that's no excuse for UREC not being able to sell any RSM 100, besides all you longs have said from time to time that RSM 100 was already patented (1997).
Why do none of you comment on the facts of the case?
There is no tyre crumb in RSM 100, not 10% not 5% not 1% not even trace, none, none at all.
Second they do not have a proven application system, and without that they could never sell the product even if it had tyre crumb in it.
Third, why is Cooper Roofing suing UREC.
Fourth, Gene Kazlow is also being sued by a trading house for misrepresentation and slander. Hey Gene, why don't you tell the truth occasionally, you remember what the truth is don't you.
And just for good measure Gene I'll ask you another question. Ever been involved with your buddy Larry Clemons in a bond fraud, you know the one where he represented that he had a mandate from the UN to use their bonds to finance a new method of waste disposal.
History Gene has a habit of catching up on people sometimes, your sometime is about due I think.
Voluntary Disclosure: Position- No Position
ragingbull.lycos.com |
