TO ALL: PLEASE READ THIS....
LENP~LXPYF Lenox Polymers Ltd.
08/19/96 03:03PM
LENOX POLYMERS LIMITED
PORT HURON, MICHIGAN--Lenox Polymers Limited today said, at the request of the Canadian Dealing Network, that the recent
substantial increase in share price does not reflect any major unreported developments, but rather reflects the Company's successful third
quarter results, including the attainment of positive earnings.
Ken Kurple, President, said the increased interest in Lenox is probably attributable to significant growth in the Company's revenues
resulting from supply contracts to the foundry industry and several large automotive suppliers, as well as on-going product development and
marketing activity for the Company's proprietary resin.
Lenox Polymers Limited is a specialized resin products company which has a patented and proprietary, low-cost method to produce very
high quality lignin from the waste black liquor of kraft-type pulp mills. Lignin is a natural glue derivative of wood that can replace certain
petrochemicals used in plastics. The new lignin-based resins possess a number of environmental, economic and quality advantages for
foundry, adhesive, coating, foam, and plastic applications.
Shares of Lenox trade on the Canadian Dealing Network (LENP) and OTC B.B. (LXPYF).
FOR FURTHER INFORMATION PLEASE CONTACT:
Lenox Polymers Limited
Ken Kurple
President
(810) 364-3774
or
Hume, Kieran Inc.
Jon W. Kieran
Investor Relations
(416) 868-1079
or
Hume, Kieran Inc.
Cathy Hume
Investor Relations (416) 868-1079 |
