If anyone is interested here is todays news release, Maybe the reason for the recent activity.
Friday December 4, 2:32 pm Eastern Time
Company Press Release
Comgen Corp. Enters Into Agreement to Acquire Patent Rights Covering Proprietary Technology to Convert Waste Oil
LAS VEGAS--(BUSINESS WIRE)--Dec. 3, 1998--Comgen Corp. (OTC BB:CGEE - news; the ''Company'') issued the following news release today.
The Company has entered into an agreement to acquire worldwide patent rights covering a unique proprietary technology to convert waste oil into a product that has the characteristics of No. 2 diesel fuel (the ''Technology''). The Technology has been proven and is currently being applied in 19 plants located in Poland, Singapore, Spain, Israel, South Korea, and Australia.
Under the terms of the Agreement, the Company will issue a total of 5.8 million restricted common shares to Mr. Peter Rzazewski and Dr. R.B. (Roy) Jeffries, Ph.D., P.Eng. (the ''Vendors''). In addition, the Company will complete a private placement of 750,000 common shares at $4.00 to raise $3,000,000 for development of the business.
Except for the historical information contained in this news release, the matters discussed herein include forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed.
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Contact:
Comgen Corp.
David Perry, 877/608-1611
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