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Microcap & Penny Stocks : ROVAC CORP. (OTCBB: ROVC) -- Ignore unavailable to you. Want to Upgrade?

To: Katie Kommando who wrote (82)	4/5/2000 9:51:00 PM
From: Jim Bishop	Respond to of 96

I got the link in an email, unfortunately I'm not sure who sent it to me. I wasn't familiar with the mail address.

To: Katie Kommando who wrote (82)	5/16/2000 11:20:00 AM
From: Jim Bishop	Read Replies (2) \| Respond to of 96

ROCHDALE, Mass.--(BUSINESS WIRE)--May 16, 2000--ROVAC Corporation (OTC:ROVC), a developer of proprietary pipe connecting devices and patent holder for CinchLock(R) and CinchFree(TM) technology, and NIBCO Inc., Elkhart, Ind., today announced a new exclusive worldwide agreement for all thermoplastic products using CinchLock(R) technology. This agreement replaces a previous agreement and establishes NIBCO as the sole licensee for all markets, globally, employing thermoplastic fittings, valves and pipe. Further, for the first time, NIBCO has the right to negotiate with third party companies worldwide, to either license or sell rebranded products utilizing CinchLock(R) technology and components. A prepayment fee for market exclusivity and purchases of key components are elements of the agreement. However, the companies did not divulge the financial details, other than to say the value of the agreement was in the multi-million dollar range. Key components of CinchLock(R) and CinchFree(TM) are being manufactured by ROVAC in Massachusetts. A license fee is paid for each grip ring shipped for incorporation in NIBCO products or third party products including rebranded products worldwide for all thermoplastic markets. "Based on NIBCO's successful experience in the marketplace for over a year, we have signed an exclusive worldwide agreement for all thermoplastic products for all markets up to 2" in diameter. In the agreement are guaranteed prepaid license fee and royalties, which will increase our company's revenues for at least the next 4-5 years. NIBCO will have first right of refusal to expand the agreement beyond 2" in diameter in a future agreement," stated R.E. Shea, Jr., ROVAC Vice President. He further noted, "Under the agreement NIBCO has the right to license CinchLock(R) technology to third parties and/or to sell rebranded TruConnect(TM) product. Their activity will free-up ROVAC management and allow us to focus on new product development and the pursuit of additional agreements for metals technology, applications and markets," concluded Shea. NIBCO is a privately owned Forbes 500 company with 11 separate manufacturing centers throughout the U.S., Mexico and Poland. Its 3,300 employees make NIBCO a major worldwide provider of plastic flow-control, irrigation, air-compression and other construction products. Their product lines focus on pipe, fittings, and valves. TruConnect(TM) is the NIBCO trademark for CinchLock(R) technology products. The ROVAC Corporation is a product and technology development company headquartered in Rochdale, Mass. CinchLock(R) and CinchFree(TM) are trademarks of The ROVAC Corporation. All forward-looking statements are made within the "Safe-Harbor" clause of the Private Securities Litigation Reform Act of 1995. For additional information go to website cinchlock.com. --30--TJJ/la* CONTACT: ROVAC Corporation Raymond Shea Jr., 508/892-1121 cinchlock.com KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: BUILDING/CONSTRUCTION MARKETING AGREEMENTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com