Thursday July 29, 3:35 pm Eastern Time
Company Press Release
Clarification of ConSyGen Provision to Supply Counterfeit Detection to Tosco
TEMPE, Ariz.--(BUSINESS WIRE)--July 29, 1999--ConSyGen (OTC BB: CSGI - news) announced Wednesday that it had received an agreement to provide its loss prevention product, the Counterfeit COP, to Tosco Corp's (NYSE: TOS - news) Retail Division, Circle K Stores.
In the interest of absolute factual disclosure ConSyGen states that no such agreement has been reached between the two organizations. As stated in the previous release by Lewis Burridge, ConSyGen's CEO and president, ''ConSyGen is to initially provide trial quantities to regional operations and train Tosco personnel in product usage.''
Any further activity related to the supply of the Counterfeit COP to Tosco's Retail Division network would be through a series of purchase orders. Deployment schedules have not been negotiated or developed and the amount of monetary commitment by Tosco Corp's Retail Division, Circle K Stores for the COP system has not yet been determined.
ConSyGen Inc. is a Phoenix-based company that provides Enterprise Computing Services for Y2K Remediation, Enterprise and Client/Server Professional Services, and Business Products for Loss Prevention.
Note to Editors: Caution Regarding Forward-Looking Statements: Statements contained in this release other than statements of historical fact may be deemed to be ''forward-looking statements.''
Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from those projected in such forward-looking statements.
Factors which could affect results include the development of competing or superior technologies, market awareness and acceptance of ConSyGen technology, overall market demand for conversion services, the company's ability to attract and retain qualified personnel and to protect its propriety information, and other risk factors set forth in the company's SEC filings.
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