Wednesday April 21, 7:26 am Eastern Time
Company Press Release
Aquatic Cellulose retains New Financial Consulting and Investor Relations Firm to Assist in Strategic Planning and Increase Exposure to the Investor Community
VERNON, British Columbia--(BUSINESS WIRE)--April 21, 1999-- AQUATIC CELLULOSE(OTC Bulletin Board:AQCI - news) Aquatic Cellulose International Corp. has retained the services of the financial consulting firm PMR and Associates.
PMR and Associates, LLC provides consulting services to private and public companies in areas ranging from corporate finance, acquisitions, business development and investor relations. Under the leadership of Patrick M. Rost, PMR and Associates, LLC, has developed a strong track record in creating shareholder value for numerous NASDAQ and OTC clients by integrating a broad range of services into the corporate strategy of its client companies.
Mr. Rost is a graduate of the Catholic University of America Columbus School of Law in Washington, D.C. and the Notre Dame London Law Center, Concannon School of International Law and Finance. He has served on the board of directors of several organizations, including the American Liver Foundation (San Diego Chapter). After his legal career with one of the top law firms in the country, Mr. Rost joined a large consumer product import- export firm as Director of Legal Affairs and Business Development. He played a major role in several acquisitions and initiated business development resulting in the company's revenue growth from $15 million to $75 million prior to starting his own firm.
Mr. Gary Ackles, President of Aquatic Cellulose International Corp., stated, ''We were looking for an Investor Relations firm with a proven track record. PMR and Mr. Rost's organization has shown a high degree of success and professionalism in creating shareholder value for their numerous NASDAQ and OTC client companies.'' Ackles added, ''PMR's investor relations team along with their impressive track record, should ensure consistent market exposure including investment bankers, institutional investors, brokerage firms and industry analysis. We are looking forward to a constructive relationship with Mr. Rost and his team.''
About Aquatic Cellulose International Corp.
Aquatic Cellulose International Corp. (ACIC) is a company created with the mandate of acquiring rights to harvest and recover underwater timber. Aquatic Cellulose Ltd. was incorporated in March of 1996. In December of 1997 ACL was officially acquired by Aquatic Cellulose International Corp. with Aquatic Cellulose Ltd. remaining a wholly owned subsidiary. ACIC is traded on the NASD OTC Bulletin Board. (OTC symbol AQCI).
ACIC is a forest based company focusing on what was once considered a lost resource. That resource is submerged timber. ACIC has acquired from Mr. Gary Ackles the exclusive rights to utilize his patented robotic technology for use in the forest industry. This allows ACIC to exploit this massive resource on a global scale and in a commercially viable and safe manner. This submerged timber is still of excellent quality and can be used for plywood, sawn lumber, and a wide variety of wood fiber products.
This press release contains statements that constitute forward statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements inherently involve risks and uncertainties that could cause actual results to differ materially form the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Company's dependence on one customer, seasonality of the Company's retrieval business and risk of future losses from operations. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforseen litigation and other risk factors identified. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS Mr. Gary Ackles, President
The NASD OTC has neither approved nor disapproved of the information contained herein.
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Contact:
For Future Investor Relations Information:
Aquatic Cellulose
Patrick Rost, 760/942-0015
e-mail: pmrandco@aol.com
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