Mr. DiMino went on to say, "I am pleased that our Company is now seeing more interest in our current progress and our future potential. However, in light of the number of inquiries about the Company this week, management has determined that it would be impractical to create an internal investor relations unit. In consideration of the time, costs and effort involved in building an internal unit, the Company has instead elected to outsource these activities to an experienced and established investor relations firm that has the infrastructure and network already in place to service the Company's needs. Taking this approach will afford ADMT the ability to move more rapidly to commence an investor awareness campaign."
Mr. DiMino concluded, "This approach to our investor relations effort will be more cost effective and allow us to move expeditiously in presenting our story to the world. We are making considerable strides in our organic growth and proprietary technologies, it has become important to fast-track an investor relations campaign to keep pace with our fast developing fundamentals."
ADMT is currently in the process of interviewing several investor relations firms and expects to make a decision in the near term.
ADMT is a diversified, technology-based developer and manufacturer of innovative technologies and products. Its core competency is its ability to conceptualize a technology, bring it through development, into manufacturing and commercialization, all in-house. ADMT has three Business Segments: Proprietary Electronic Medical Devices; Design, Engineering, Regulatory and Manufacturing Services; and, Eco-Friendly, Safe, Water-Based Formulations. The Company's headquarters, laboratories, medical device and manufacturing operations are located in Northvale, New Jersey. ADMT's multi-disciplinary team of engineers, researchers and technologists utilize advanced technology infrastructure, such as 3-D solid prototyping, precision instrumentation and specialized software and peripherals for the research, development and commercialization of diversified technologies.
Except for historical information contained herein, the matters set forth in this news release are "forward looking" statements (as defined in the Private Securities Litigation Reform Act of 1995). Although ADMT believes the expectations reflected in such forward looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could contribute to such differences include those described from time to time in ADMT's filings with the SEC, news releases and other communications.
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SOURCE ADM Tronics Unlimited, Inc.