Cetek Technologies Reports On Current Status
POUGHKEEPSIE, N.Y.--(BUSINESS WIRE)--Sept. 22, 1999--Cetek Technologies Inc., (OTC BB: CTKT) is a material company with special focus in the ceramic materials.
Cetek Technologies' proprietary process and formulation allows it to produce large ceramic sheets of superior quality without the need for the expensive grinding and lapping process.
For some time, Cetek has been producing and marketing in small quantities industrial ceramics for structural and electronic applications including aerospace, bioceramics, insulators, and integrated circuit packages. The company is pleased to report that acceptance of Cetek's special ceramic material is strong in most applications and specifically in the flat panel display industry.
Revenue projections for fiscal year 2000 will be in excess of $6 million, reaching the high 8 figures by the year 2005. These projections are based on the feedback the company has received on its marketing activities, as well as its internal and external growth plans. New alliances are being considered, in specific, with telecommunication and flat panel display manufacturers.
The company has finished building some new proprietary equipment needed for future production; testing of said equipment is on schedule. Employment has taken on increased importance as many new staff are being hired. All Cetek Technologies Inc. employees are shareholders; hence, they share the same vision and perform in unison toward the same goals as management while practicing efficiencies and good cost control.
Cetek's management is convinced that the company is about to take its forward leap. It is respectful of the many patient and loyal shareholders across the country; further it believes that Cetek's future is clearly one of accelerated growth as the acceptance of the company's products gain increased viability, credibility and momentum in the ceramic market.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
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Contact:
Cetek Technologies Inc., Poughkeepsie
Mr. Fayiz Hilal, 914/452-3510
fayiz@cetektechnologies.com
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