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Technology Stocks : AIRLESS TIRES WILL NEVER GO FLAT (100% RECYCLEABLE) ATYR -- Ignore unavailable to you. Want to Upgrade?

To: Clay Degenhardt who wrote (67)	6/4/1998 1:00:00 AM
From: Clay Degenhardt	Read Replies (1) \| Respond to of 103

NEWS TODAY (6/3/98)!!!! biz.yahoo.com SOURCE: American Tire Corporation American Tire Corporation Announces New Equipment in Operation American Tire Corporation Announces New Equipment in Operation RAVENNA, Ohio, June 3 /PRNewswire/ -- American Tire Corporation [OTC BB:ATYR - news] announced it has now received its new advanced technology mixing and pouring equipment to begin production of the new concept ''multiple density'' flat free urethane non-pneumatic bicycle tire. Dr. Sid Asthana who has been responsible for the development of this unique chemistry and establishing the necessary fundamental processing conditions, says this new product will be unique in its ability to provide the key desirable characteristics of the pneumatic tire such as good rolling resistance and softness of ride, and maintain the good characteristics of the non-pneumatic tire such as being flat free, maintenance free, easy to mount and improved tread wear. Dr. Sid Asthana, who is the chief chemist, and Roger Fleming, President and COO of American Tire Corporation, indicated they expect to complete the check out of the new equipment with the new chemistry by mid June 1998. Mr. Fleming and Mr. Steinke, who is Chairman of the Board and CEO, also indicated that they expect the initial refinancing of ATC to be completed by the end of June 1998 in time for the bicycle tire production with this new technology. Additionally, American Tire Corporation has filed for product patents covering this new technology, which provides a high modulus elastomeric structure in the tire embodiment and which will act like the belt of a radial tire producing rolling resistance substantially similar to the pneumatic tire. American Tire Corporation's patent attorneys think that this could be a fundamental patent in the bicycle tire industry. Marcy Janus, Manager of Sales and Marketing, also has indicated that some Lawn and Garden tires would also become available in June 1998.