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Microcap & Penny Stocks : Quadrax Corp. (QDRX)

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To: Gary Price who wrote (7)1/22/1997 2:22:00 PM
From: JakeStraw   of 45
 
Quadrax Corporation Named in Lawsuit

PORTSMOUTH, R.I., Jan. 17 /PRNewswire/ -- Quadrax Corp stated today that it has been
named as a defendant in a lawsuit filed by Advanced Pultrusion Technologies Ltd. and its
subsidiary Power Stick Manufacturing, Inc. This action alleges, among other things, patent
infringement related to the hockey stick pultrusion machine and other related equipment that was
acquired by Quadrax when it purchased the assets of Vega, USA in June, 1996.

The Company believes that the claims set forth in such lawsuit are without merit, and the Company
intends to vigorously defend itself. The Company also stated that the lawsuit has no bearing on its
golf operations, or any of its other products.

Quadrax Corporation produces thermoplastic composite materials using its proprietary fabrication
and manufacturing processes for a wide range of high- performance commercial and consumer
products.

NOTE: Quadrax's latest news releases are available at no charge by dialing 1-800-758-5804, ext.
728452, or at prnewswire.com on the Internet. SOURCE Quadrax Corporation
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