PCTU .13/.14...33m shares out...just a wild guess but it is my opinion these patents are worth far more then .14 per sh x 33m...:
B: Pro Tech Communications Acquires Expanded and Exclusive Rights
B: Pro Tech Communications Acquires Expanded and Exclusive Rights to over 50 Noi
FORT PIERCE, Fla., Apr 21, 2004 (BUSINESS WIRE) -- Expanded Rights Include
Recognized NoiseBuster(R) and ProActive(R) Brands
Pro Tech Communications, Inc. (OTCBB:PCTU) today announced that, in exchange for
shares, the company has obtained an expanded, exclusive worldwide technology
license from its parent company, NCT Hearing Products, Inc. ("NCT Hearing"), a
wholly owned subsidiary of NCT Group, Inc. (OTCBB:NCTI) This license, which
covers over 50 patents, patents pending and innovations relating to active noise
reduction (ANR) and noise and echo cancellation, now encompasses all styles of
headsets (an expansion from lightweight, open back styles) including headphones,
earmuffs, earbuds, earplugs, etc., as well as all markets (an expansion from
lightweight cellular, multimedia and telephony) including consumer audio,
industrial safety, spectator racing, two-way radio communications and aviation.
In addition to the expanded product and technology license, Pro Tech has
responsibility for all manufacturing, distribution and marketing of NCT
Hearing's most successful existing brands including: NoiseBuster(R) ANR
lightweight consumer audio and communications headsets; ProActive(R) ANR
industrial safety earmuffs and two-way radio headsets including aviation; and
ClearSpeech(R) noise and echo cancellation algorithm-based products.
"This expanded license affords us the opportunity to deliver proprietary,
innovative products to the worldwide headset and communications markets," said
Richard Hennessey, president. "NCT Hearing has spent years developing this
technology as well as building strong brands for its ANR and noise and echo
cancellation products. Pro Tech will greatly benefit from NCT Hearing's
significant investment. Additionally, a highly-experienced and accomplished
headset engineering team is now dedicated to Pro Tech full time in order to
assist us in bringing to market innovative headset products. The combination of
Pro Tech's headset marketing experience with NCT Hearing's breakthrough
technology and engineering expertise will enable Pro Tech to agressively compete
in all markets."
About Pro Tech
Pro Tech Communications, Inc. develops, manufactures and distributes headsets
and other communications products to call centers, quick service restaurants and
other markets. The Company's customer base includes McDonald's, Boeing and other
high-profile organizations. For more information refer to
www.protechcommunications.com. |
