[t]MLXO[/t]
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Delayed Level 2 66.201.236.134
Michelex Corp. Updates Shareholders
Friday February 8, 3:02 pm ET
MASSENA, N.Y., Feb. 8, 2008 (PRIME NEWSWIRE) -- Michelex Corp. (Other OTC:MLXO.PK - News) would like to update its shareholders with general comments on recent company activity.
We are pleased to confirm that positive negotiations are ongoing at this time and, while progress has been slower than desired, we feel that a positive conclusion is very likely in the near future. We want to acknowledge the concerns expressed by investors and the company does appreciate that the length of time required to date to conclude the initial transactions has been frustrating for everyone. Timing has been influenced by an evolving opportunity, relationship changes, and recent market and financial conditions outside of the company's control. Communications and details concerning these business activities are non-public and restricted at this time but they will be reported when appropriate.
``As we near the conclusion of current negotiations, I am very excited about the prospects ahead for the company. We expect to conclude some material portion(s) of our efforts in the coming weeks. We continue to expect to have a presence in the plastics, bio-diesel, and zero trans-fat oil markets in the future,'' stated Thomas Gramuglia, President and CEO.
Investor understanding and continued support is appreciated. The company is working hard to increase the company's value for its shareholders.
About Michelex
Michelex Plastics, founded in 1972, is currently a manufacturer/importer and distributor of primary plastic packaging products to the optical disc industry.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
Contact:
Michelex Corp.
Thomas Gramuglia
(315) 769-6616
Investor Communications
Gary Patterson
(916) 965-6439
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Source: Michelex Corporation
Website: michelex.com
Website: michelexmedia.com
Website: hindsightrecords.com
Website: eraplast.com
MLXO Press Releases:
08-09-2007 biz.yahoo.com
08-03-2007 biz.yahoo.com
04-26-2007 biz.yahoo.com
01-25-2007 biz.yahoo.com
01-04-2007 biz.yahoo.com
11-20-2006 biz.yahoo.com
10-13-2006 biz.yahoo.com
08-28-2006 biz.yahoo.com
08-07-2006 biz.yahoo.com
07-26-2006 biz.yahoo.com
05-12-2006 biz.yahoo.com
04-19-2006 biz.yahoo.com
04-12-2006 biz.yahoo.com
03-15-2006 biz.yahoo.com
MLXO SEC Filings:
pinksheets.com
Links:
infinitistocks.com
nasdaqtrader.com
ragingbull.lycos.com
Share Structure Per Transfer Agent 03-16-2006
Authorized:....... 1,000,000,000
Outstanding:......150,000,000 These are estimates from the last filing.
Restricted:.........58,286,420 The actual numbers are most likely higher.
Float:.................47,584,617
Transfer Agent:
Colonial Stock Transfer Company, Inc.
Salt Lake City, UT 84111
Tel:. 801-355-5740
Fax: 801-355-6505
Company Phone Numbers;
Massena, New York: 315-769-6616 and/or 2448 Thomas Gramuglia President Ext. 413
Salt Lake City, Utah: 801-596-0166
Michelex Audio:........ 315 769-2448
Michelex Trimark Canada, Inc.
info@michelextrimark.com
Tel.: (514) 343-9389
Toll Free: 1-800-363-8802 |
