Cyclopss Adds Management to Facilitate Otres
Acquisition
SALT LAKE CITY, April 17 /PRNewswire-FirstCall/ -- Cyclopss Corporation (OTC Bulletin Board: OZON
- news) announced today that it's proceeding with the acquisition of the Chicago based consumer appliance
manufacturer Otres, LLC and is adding management with specific expertise to support the business.
Cyclopss, an ozone technology company, is moving forward to acquire the assets of Otres, a manufacturer of
consumer sanitizing appliances originally developed under contract by Cyclopss for Otres. The products, a
kitchen sponge sanitizer and a toothbrush sanitizer utilize activated oxygen (ozone) to kill 99.9% of disease
causing germs found in kitchens and bathrooms. The appliances kill food-borne pathogens that can be
transferred between food and kitchen surfaces by contaminated sponges, and infectious germs on toothbrushes,
which the American Dental Association has called ``a fertile breeding ground for bacteria.'' The Center for
Disease Control (CDC) has described both the kitchen and the bathroom as ``hot spots'' within the home.
Cyclopss has retained Mr. Neal Rensmeyer of Albuquerque, NM, to manage the due diligence process and
then execute the post acquisition plan as the company's Chief Operating Officer. ``We are delighted to have
Neal onboard,'' says Dr. Durand Smith, President, Cyclopss, ``his broad operational, financial and
manufacturing experience will contribute directly to our anticipated success with the Otres line of products.''
Mr. Rensmeyer, a CPA, has most recently managed a specialized national operational financial task force
within McKesson HBOC MedManagement. His prior experience includes managing start-up
manufacturing/distributing companies, SEC accounting, fiscal forecasting, finance and general business
operations.
Management also stated that they have executed an Agency Marketing Agreement with Buddingh and
Associates, an Illinois based consumer products marketing and consulting firm to manage the marketing and
distribution of the Otres products for Cyclopss. Mr. David Buddingh and his team have over 35 combined years
in strategic planning, market analysis and sales and promotion for consumer product companies including First
Alert, Skil Power Tools and Texas Instruments.
``We have been simultaneously assembling the team, completing the due diligence and working on securing the
financing required for the purchase and startup operations,'' states Rensmeyer, Cyclopss' new COO. ``If all
goes as anticipated we will be positioned to conclude the purchase as early as the end of April and be ready to
get aggressively in the market with the products within the second quarter.''
CYCLOPSS is a world leader in the development of environmentally friendly technologies and applications that
are used in the cleaning and disinfections of foods, laundry, and surfaces for industries as well as consumers.
For more information visit our website at www.cyclopss.com .
SOURCE: Cyclopss Corporation |
