CYNT Engages London Group For European Development
Business Wire - August 23, 1999 08:44
CONYERS, Ga.--(BUSINESS WIRE)--Aug. 23, 1999--Cyntech Technologies Inc. (NASDAQ Bulletin Board: CYNT) today announced the engagement of the services of Woodman & Associates of London, UK for the purpose of identifying strategic relationships within the tire and plastics recycling industry throughout the European community, and further initiate certain applications for government sponsored grants and financial aid for the purposes of constructing strategically located tire and plastics recycling plants in Europe.
It is anticipated that CYNT management scheduled tour of Europe in mid September will include Holland, Germany, Belgium, Poland and the UK where Woodman & Associates have been swiftly moving to arrange the necessary meetings to further negotiate the possibilities of plant developments within those arenas.
R. Frank Meyer, chief executive of CYNT, commented the following: "We are fortunate to have an affiliation with such a tremendous firm that outreaches over all of the European community. We have chosen Woodman and Associates with much forethought and planning, and we expect major developments from that relationship culminating in substantial growth throughout Europe for CYNT. We are committed to cultivating new markets abroad, and look forward to working with our newest affiliate."
Woodman & Associates is an accredited Industrial Development Agency consulting firm located in London, with a specialized presence within Europe and surrounding nations.
CYNT is an integrated technologies firm in the post consumer rubber and plastics recycling industry, with end user products ranging from methanol and derivative fuels, energy cogeneration, consumer durable goods, and contiguous products. Cyntech Technologies, Inc. trades publicly on the NASDAQ Bulletin Board under the trading symbol CYNT.
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 and the companies 15(c)2-11 disclosure document.
For more information please contact CYNT's Investor Relations @ 770/641-8297. The Company web site is located at www.cyntechtechnologies.com. e-mail address: upgas@aol.com
CONTACT: Cyntech Technologies Inc., Conyers
R. Frank Meyer, 770/641-8297
www.cyntechtechnologies.com
e-mail: upgas@aol.com
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