More Great news out on NSIE.
NSIE Signs Licensing Agreement with Kimberly-Clark Worldwide
(PR Newswire, 07/18/2000 09:20)
CINCINNATI, July 18 /PRNewswire/ -- National Sorbents, Inc. (BB:NSIE) announced today the signing of a licensing agreement with Kimberly-Clark Worldwide (NYSE:KMB). Under the terms of the agreement, the Company will install a new automated system that will produce the most advanced sorbent sock and pad in the industry. NSIE expects to have this system fully operational and in production next month. This product is patented and being manufactured under the same licensing agreement with Kimberly-Clark Worldwide ( kimberlyclark.com )
Dan Jones, President of NSIE, stated, "This product is so superior to other products out there, that sales of that part of our business should increase dramatically. In addition, this automated line will allow the Company to increase production without adding additional personnel. This will enable us to better utilize our key personnel, which is very important in this tight labor market."
National Sorbents, Inc. is a leading provider of sorbent products; material disposal; waste-compliance consultation; and hazardous-waste management training to customers throughout the United States, Canada, Europe, Asia and South America.
For further information on NSIE, contact investor relations at 1-800-322-4144 or visit nationalsorbentsinc.com .
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of National Sorbents, Inc. to accomplish its stated plan of business. National Sorbents, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by National Sorbents, Inc. or any other person that the objectives and plans of National Sorbents, Inc. will be achieved. SOURCE National Sorbents, Inc.
-0- 07/18/2000
/CONTACT: NSIE Investor Relations, 800-322-4144/ |
