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Microcap & Penny Stocks : Cetek Technologies (CTKT) -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (145)	2/8/1999 1:02:00 PM
From: Carl	Read Replies (1) \| Respond to of 584

Cetek Technologies Obtains Initial $250,000 Funding POUGHKEEPSIE, N.Y.--(BUSINESS WIRE)--Feb. 8, 1999--Cetek Technologies Inc. (OTC BB:CTKT), manufacturer of advanced structural and electronic ceramics, Monday announced that it has received an initial $250,000 via a private funding, with a letter of intent for an additional $500,000 expected shortly. It is the intention of the company to use this funding package to complete a planned acquisition of a privately held value-added ceramic-product manufacturer. This firm will complement Cetek's ceramic-product technology and position Cetek so that it can fulfill its order backlog more expeditiously based on the added capacity from the acquired company. Cetek produces and markets industrial ceramics for structural and electronic applications including aerospace, bioceramics, insulators and integrated circuit packages. Cetek has been aggressively exploring expansion options and has several acquisition targets identified. It is the company's intention to achieve eligibility for a Nasdaq Small Cap listing this calendar year. In 1996, the Department of Commerce recognized Cetek's exclusive process, which eliminates much of the costly machining, when Cetek was awarded a contract to develop the material for the back plane of the FPD (flat panel display) video technology. In a recent publication of the Industrial Physicist, it was viewed that FPDs could be the next semiconductor-industry breakthrough. Safe-harbor statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. --30--DB/la* LES/la CONTACT: Cetek Technologies Inc., Poughkeepsie Fayiz Hilal, 914/452-3510 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire