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Biotech / Medical : Moyco CMP Slurries - CEO Says -- Ignore unavailable to you. Want to Upgrade?

To: Mel Spivak who wrote (470)	6/25/1999 2:23:00 PM
From: taxgun	Read Replies (1) \| Respond to of 534

thanks, mel (eom)

To: Mel Spivak who wrote (470)	7/21/1999 2:30:00 PM
From: straight life	Read Replies (1) \| Respond to of 534

Moyco News Update (I'm not wildly impressed; still, they're not dead... yet. [10% growth in fiber optics??! What do they want, a parade?]-SL) Cross Marketing Program for Endodontic Instruments; Successful Introduction of Polishing System for Fiber Optic Connectors; New Patented Endodontic Products Coming This Fall MONTGOMERYVILLE, Pa., July 21 /PRNewswire/ -- Moyco Technologies, Inc. (Nasdaq: MOYC - news), a Montgomeryville, PA manufacturer of precision abrasives and professional dental supplies announces the following significant developments: -- Moyco has authorized an established international manufacturer of endodontic materials to promote specific Moyco Union Broach brand endodontic (root canal) instruments by way of advertisements and other marketing literature. This manufacturer will recommend that Moyco Union Broach products be used with its materials. This cross-marketing campaign is scheduled to start in the fall of 1999 and it is anticipated that Moyco will benefit from this marketing program. -- Moyco has successfully completed introduction of its complete consumable set for the polishing of state of the art MT-RJ fiber optic connectors. This set of products includes polishing slurries and films sold under the trade name Ultralap. Moyco expects a significant contribution to its sales revenues during this fiscal year. According to Chuck Picardi, Director of Technology for Moyco, "AMP and Siecor have advised that companies such as Cisco and 3Com are demanding MT-RJ connectors. The Ultralap polishing set is already being used on these new popular precision connectors with excellent results. MT-RJ connectors have demonstrated outstanding performance and competitive pricing for fiber to the desk applications." Mark Sternberg, Administrative Vice President for Moyco, stated, "We have been an important supplier to the fiber optic connector polishing market and have patiently waited for this technology to launch." Sales of slurries and films used for this application increased significantly during the quarter ended June 30, 1999. Moyco expects that sales will continue at a conservative annualized rate in line with the recent quarter ended 6/30/99. In that event, sales of these polishing systems for the MT-RJ fiber optic connectors should increase revenues of the abrasives business segment by approximately 10%. -- Moyco, through authorized dental dealers, will be introducing various complimentary endodontic (root canal) products this fall. Moyco nickel titanium rotary instruments known as Pow-R(TM) files and Rapid Body Shapers are continuing to drive sales in the dental division. The newly developed complimentary products will enable Moyco and its dealers to provide complete nickel titanium rotary instrument system plus ancillary materials to dental professionals at competitive pricing. The new instruments will be manufactured via Moyco's patented manufacturing process. Industry opinion leaders and educational institutions are teaching techniques that require the use of nickel titanium rotary instruments as being more time efficient and effective than traditional methods of root canal therapy. Sales of nickel titanium endodontic instruments manufactured by Moyco for the year ended June 30, 1999 increased approximately 50% as compared to the same period in the prior year. Some statements contained in this release are forward looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical and anticipated results or other expectations expressed herein. SOURCE: Moyco Technologies, Inc. --------------------------------------------------------------------------------