OGPS more news today:
OMICRON TECHNOLOGIES, INC.
October 27, 1999
NEWS RELEASE
OMICRON FORMS STRATEGIC ALLIANCE WITH DYNCOM
Omicron Technologies, Inc. (OTC BB: OGPS) has entered into an agreement with
DynCom Inc., a privately held corporation of Fort Collins, Colorado. The
agreement calls for the exchange of 200,000 shares of Omicron stock for 600,000
units of one share and one warrant of DynCom stock. If all warrants are
exercised, Omicron will own over 26 % of outstanding DynCom stock.
DynCom Inc. is a creator of e-solutions employing "smart card" and "smart
device", proprietary, biometric, and Internet/Intranet technologies into
effective and efficient e-solutions, e-applications and e-products. DynCom is
a leader in the developing Smart Card industry and has established the first
Smart Card technical laboratory creating applications and products that will
have wide spread use in many industries.
In the words of DynCom's President and CEO, Curt Jansen, "Smart Card
technologies are an important security feature, much like a key to a lock. By
adding biometric technologies such as finger print scan or eye retina scan, it
can be certain that not merely is the card present, but also only the properly
pre-authorized person can use the key. However, Smart Cards and Smart Devices
will be much more than just keys; they will include applications that provide
substantial benefits for both consumers and businesses."
Both companies expect and look forward to extensive cooperation in speeding
development and marketing of their various products. In particular, Omicron
anticipates that the DynCom "smart card" and "smart technologies" will have
many valuable applications for customers of its interactive gaming sites.
Omicron Technologies, Inc. is in the business of acquisition, research and
development, and marketing of leading edge technologies and Internet-based
business concepts. Through the combined strategy of focusing on market niches
and speedy development of its proprietary technologies, Omicron expects to gain
significant market penetration in these areas.
For further information, contact
Omicron Technologies
Investor Relations:
Toll Free: 877-903-2288
E-mail: rick@omicrontechnologies.com
Web Sites: www.omicrontechnologies.com
www.radiosat.com
DynCom
Telephone: 907-416-0001
Web Site: www.d-c.com
OMICRON TECHNOLOGIES, INC.
Barrett Sleeman, President
NOTE: Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news
release are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the company's actual results in the future periods to differ
materially from forecasted results. These risks and uncertainties include,
among other things, volatility of prices, product demand, market compensation,
risk inherent in the company's international operations, imprecision of reserve
estimates and the company's ability to replace and expand reserves. |
