To: Ben Marfield who wrote (564 ) 4/23/1999 1:17:00 PM From: Grant Cash Read Replies (1) | Respond to of 619
NEWS-LENOX Increasing markets in auto world. LENOX POLYMERS LTD LENP-CDN(Canadian Dealing Network) 7,359,056-Shares Outstanding CUSIP:52634E104 FOR IMMEDIATE RELEASE April 23, 1999 SIGNIFICANT BREAKTHROUGH INTO AUTOMOTIVE TOOLING MARKET Lenox Polymers Limited (LENP on CDN) is please to announce the success of our metal composite tooling material. This tool was tested and has performed very well and its cost was significantly less (approximately 30%) than competitive products. A major Tier-1 auto supplier is in the process of ordering another tool for urethane foam seats. The market for automotive tooling for urethane foam seats is over a hundred million dollars annually. This represents a significant breakthrough and growth market for the Company. The management of Lenox Polymers Limited intends to aggressively markets this product line. In addition, Lenox has ongoing negotiations for licensing agreements with other MAJOR industrial companies for the Company's other patented processed and product lines. Lenox Resources Limited, a subsidiary of Lenox Polymers Limited is a manufacturer of environmentally friendly specialty performance resins for the automotive, urethane,foundry, marine, adhesive, coating, and plastic industries. Our aggressive marketing continues to open new opportunities for Lenox's unique products which is in addition to the Company's December 14, 1998 NEWS RELEASE which can be found on the web site lenoxpoly.com . If you are unable to reach the website please contact us and we will send you a copy of that news. LENOX POLYMERS LIMITED located in Port Huron, Michigan, USA trades on the Toronto-Canadian Dealing Network as Symbol LENP. On Behalf of Lenox Polymers Limited Ken Kurple President FOR FURTHER INFORMATION PLEASE CONTACT: Ken Kurple (810)364-3774