July 27, 1998
Wolf Industries Enters Negotiations With Two Leading U.S. Distributors of Dental Products
(July 27, 1998 / Seattle, WA / PRNewswire) - Wolf Industries Inc. (OTCBB: WLFN, wolfindustries.com ) is pleased to announce that it has engaged in preliminary discussions with two major U.S. dental product distribution companies regarding the distribution of its breakthrough cosmetic dental technology, the Dental Color Analyzer (DCA). Wolf emphasizes that all of the discussions are in the early stages, and there is no assurance that any of the discussions will result in the consummation of a transaction.
Protocols for the Dental Color Analyzer are proceeding on schedule says Company president Patrick McGowan who anticipates completion of this phase shortly. In addition, Wolf is in the process of completing the design cabinetry for the technology and plans to go into production of the DCA units this Fall.
The Company continues to register with upcoming trade shows worldwide to exhibit the product, and gather written testimonials from dozens of industry professionals who support the revolutionary claims of the DCA to the dental industry.
The Dental Color Analyzer has been developed to assist dentists in determining accurate and true measurement of shades and colors of dental materials. To date, the dental industry has relied primarily on visual interpretation of tooth shades for restorative dental work. The Dental Color Analyzer (patent pending) uses a unique optical fiber spectroscopy to determine the exact shade of the original tooth, resulting in a superior match.
Wolf Industries is a dental technology company with exclusive worldwide manufacturing and marketing rights to the DCA (Dental Color Analyzer), a leading edge cosmetic dental technology which uses optical fiber spectroscopy. The company's primary marketing objective is to target a niche in the $40 billion U.S. cosmetic dental industry.
Annual Shareholder's Meeting
The Company announces that it held it's Annual Meeting of Shareholders on July 24, 1998 as planned.
1.ÿ Elected to the Board of Directors:
Patrick McGowan, B.Sc., MBA, President and CEO. Former Executive Vice President, The FlectoCo., Oakland, CA. Former National Sales Manager of McNeil Laboratories (Canada) Ltd.
Dr. David Gane, D.D.S., Director. President and co-founder of Source Dental Image, Inc. Co-founder of Image FX Software Solutions. Contributing author "Esthetic Imaging in Dentistry". Frequent lecturer to dental societies.
Allen Schwabe, Director.President of Bullex Holdings a Venture Capital Group.
2.ÿ The shareholders approved the right for the sale of Calgary Chemical.
3.ÿ The shareholders approved a reverse split on a 3:1 basis. The total outstanding shares issued 3,560,000, effective opening of trading July 27, 1998.
On Behalf of the Board of Directors,
Patrick McGowan
President and Chief Executive Officer
Wolf Industries Inc. |
