THERE'S MORE ON DCHT...
RUMOR has it that their Form 10 is to be filed next week which should attract a lot of investors/brokers.
DCH is now undergoing the transition to a fully reporting company and seeking an expanded base of shareholders. This action by company insiders is a strong indicator of consistent leadership and commitment to growth.
July 29, 1999
PRESS RELEASE
DCH Technology Inc. Founders, Directors and Executives Restrict Over 4.5
Million Shares
VALENCIA, Calif. /PRNewswire/ -- DCH Technology, Inc. (OTC Bulletin Board:
DCHT)
announced today that its founders, executives and certain members of its
Board of Directors have
agreed to not sell shares on the open market until August 2000.
Last year the DCH top management pledged to self restrict over 4 million
shares in order to
demonstrate confidence in the firm's future. DCH is now undergoing the
transition to a fully
reporting company and seeking an expanded base of shareholders. This action
by company
insiders is a strong indicator of consistent leadership and commitment to
growth.
DCH Technology is a technology development and manufacturing firm
specializing in patented
and proprietary gas sensor and safety products that are sold to industrial
and government
customers worldwide. DCH's core technologies include the Robust Hydrogen
Sensor. DCH
safety detection, instrumentation and process monitoring technologies are
currently being used by
the U.S. Department of Energy, NASA, Westinghouse, Ford, General Motors,
Hydrogen Burner,
General Electric and many other large multi-national companies. The worldwide
market for gas
sensors is currently estimated at $100 million annually.
DCH is also developing and building fuel cells under a cooperative agreement
with the Los
Alamos National Laboratory, a world leader in fuel cell technology. The U.S.
Department of
Energy Headquarters -- Hydrogen Program provides sponsorship and project
review. DCH has
garnered interest in several configurations of these clean energy systems for
use in the maritime,
home power, portable generator and aerospace markets. DCH is building this
business based on
strategic relationships. The worldwide market for fuel cells is currently
estimated at over $900
million annually.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: Statements in this news release looking
forward in time involve risks and uncertainties, and actual results may be
materially different. Factors that could cause actual
results to differ include activity levels in the securities markets and other
risk factors, such as customer order rates,
cancellations, late delivery of customer components, production delays,
dependence upon certain customers, dependence upon
key executives, viability of quarterly results, single operating facility,
competition, product liability risk, control by management,
foreign currency fluctuation, and other risks detailed in applicable SEC
filings.
For More Information Please Contact: DCHTINVEST@aol.com or call (805)
775-8120, ext 11.
Also see the DCH website at dcht.com.
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