NASHVILLE, Tenn.--(BUSINESS WIRE)--March 5, 1999--Nashville,
Tennessee-based Microphonics, Inc. (OTC BB: MRPS) has developed a
high-tech mechanical ultrasound diagnostic devise that detects the
presence of ultrasonic sound waves and translates those waves for the
human ear. Known as the Ultraphonic Detector, this hand-held device is
so exact that it can detect a hole half the thickness of a human hair.
Not only can it pinpoint and identify leaks (pressurized,
non-pressurized and vacuum), it can predict mechanical malfunctions
and certain electrical problems as well. Perhaps the most remarkable
benefit of the equipment is that it warns of impending trouble before
a costly malfunction occurs.
Microphonics has assembled a unique trio of divisions that unite
the Company's ultrasound hardware with software applications.
The Microphonics Division develops and markets The Microphonics
Automotive Diagnostic System(A07) to the automotive and motor sports
industries.
The Ultraphonics Division develops and markets The Ultraphonic
Detector(Model 111RCK), a hand held precision test device designed for
industrial use.
The Soundlogic Division develops software which both refines and
elevates mechanical ultrasound diagnostics to state-of-the-art
technology.
Microphonics A07 automotive unit is currently manufactured by
Bulova Technologies L.L.C. in Lancaster, PA, an established leader in
the electronics manufacturing field.
Microphonics 111RCK industrial unit is currently manufactured by
U.M.M. Electronics in Indianapolis, IN, one of the world's leading
providers of electronic manufacturing services. U.M.M. follows
Pre-Production Quality Assurance (PPQA), Good Manufacturing
Practices(GMP), and ISO 9002 requirements.
In addition to previously announced contracts, Microphonics is in
negotiations with thirty-seven(37) major companies worldwide.
Ultrasound, as a technology, cannot be patented. Microphonics'
unique "signature sound" method is currently in the patent-pending
stage. The company presently holds the following trademarks:
Microphonics TM, Ultraphonics TM, Soundlogic TM.
Microphonics believes that units produced by its competitors
including CTRL, do not produce the quality of the results of our
current units, which have gone through five(5) generation changes.
In 1998, Microphonics issued approximately 1.4 million shares to
an investment banking firm in connection with raising funds for the
company. The company does not believe the firm performed its
obligations and an NASD arbitration proceeding is pending. Legal
action is also being pursued by Microphonics. The company believes
all of theses shares have been sold.
Microphonics is in the midst of sustained growth that, we
believe, will culminate into an extended period of profitability well
into the next decade.
--30--LB/na*
CONTACT: Microphonics, Nashville
Myles Izikoff or Jimmy Gayle or Bud Thorpe,
615/871-4000
KEYWORD: TENNESSEE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED AUTOMOTIVE
AEROSPACE/DEFENSE PRODUCTS
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