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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (11202)	10/7/1999 9:44:00 AM
From: SSP	Read Replies (1) of 150070

PEAR - RLANDO, Fla.--(BUSINESS WIRE)--Oct. 7, 1999--Pear Technologies Inc. (OTC BB:PEAR) Thursday announced that its Board of Directors has issued a resolution authorizing the cancellation of 11 million common shares of the company's stock originally issued in anticipation of the acquisition of ZOS Petrochemicals Industries Corp. which was originally announced on July 7, 1999. The acquisition was never completed. As a result of this action, the cancelled shares represent an almost 30 percent reduction of the company's total issued and outstanding shares. PEAR Industries offers the newest generation of advanced polymer resins that are superior replacements for traditional and more costly materials. PEAR holds the exclusive worldwide rights to PolyEther Amide Resin, which was originally developed by Ashland Chemical (NYSE:ASH) for use in strategic defense applications. PEAR has taken this technology and created a low-cost, versatile, and superior alternative to traditional fabricating materials. PEAR is currently developing applications within many industries including aerospace and automotive. The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company; the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described here. --30--JS/np* CONTACT: Phil Flynn, 800/392-7961 or Jeff Wolburgh, 416/864-1513 pearindustries.com

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