Exide: Overbought or bargain? Message Board

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Technology Stocks : Exide: Overbought or bargain?

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To: StockDung who wrote (117)	11/4/1999 4:35:00 PM
From: Manx	Read Replies (1) of 125

Thursday November 4, 1:11 pm Eastern Time Note: there is a subsequent correction for this article. Company Press Release SOURCE: ReDOX Technology Corporation ReDOX Invited by the Minister For Development in the Government of Uttar Pradesh, India - To Finalize Agreements HOUSTON, Nov. 4 /PRNewswire/ -- ReDOX Technology Corporation (OTC Bulletin Board: RDOX - news) is in the process of finalizing an agreement in the State of Uttar Pradesh in India through the help of the Government of Uttar Pradesh for developing a 1,500-acre technology park for ReDOX Technology Corporation which would include a research and development laboratory, a huge service center and a major manufacturing facility. The manufacturing facility will produce various products using ReDOX Technologies for the Indian market of one billion people along with the markets which India has tri-lateral agreements. The development of the 1,500 acres will be developed by a series of international corporations headed by SOMC, a Saudi based operation company. All of this complex will be owned and managed by the ReDOX Technology Corporation. ReDOX Technology Corporation Chairman Richard A. Szymanski stated today's announcement, ``consistent with the negotiations and finalizations has learned that the director of development at the request of the Honorable Minister for External Affairs, will be leaving for India in the next few days.' The Government of Uttar Pradesh in India is waiting for the arrival of a trade delegation of ReDOX Technology Corporation headed by its Chairman Mr. Richard Szymanski to finalize the implementation of its work in India. The Uttaranchal Region of Uttar Pradesh, India has give assurances of all possible assistance to ReDOX Technology Corporation including relief in areas where it is possible to give relief in order to assist ReDOX Technology Corporation in completing its project plans in India. The estimated projected annual revenue is estimated to be around USD 500 million from the ReDOX Technology Corporation's manufacturing facility. ReDOX Technology Corporation holds proprietary technology for high energy density storage devices. The Company's Common stock trades on the Over-the-Counter (OTC) Electronic Bulletin Board Service of the National Association of Securities Dealers (NASD) under the symbol RDOX SAFE HARBOR: This release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Readers should not place undue reliance on forward-looking statements, which reflect management's view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in this release. SOURCE: ReDOX Technology Corporation More Quotes and News: Redox Technology Corp (OTC BB:RDOX.OB - news) Related News Categories: computers

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