PROVO, Utah, Sept. 9 /PRNewswire/ -- Galtech Semiconductor Materials Corp.
(OTC Bulletin Board: GTSM) today announced that it has completed preparation
and submission of a Securities and Exchange Commission form 10-SB filing.
President and CEO Dr. William F. Pratt explained the importance of this filing
by saying, "This SEC application, once approved by the SEC, greatly enhances
Galtech's access to potential new market makers, financial institutions, fund
portfolios and relationships with brokers and analysts. This development
marks the next step in bringing Galtech's proprietary technology into
commercial reality. We look forward to the SEC approval of this application."
Galtech is an innovative research and development company with its
beginnings in the development and manufacture of high quality, specialty,
compound semiconductor materials. Galtech was reorganized in 1998 to
manufacture compound semiconductor materials and is based in cadmium telluride
(CdTe) process and product development. Crystalline material made from this
compound is capable of converting solar or other sources of radiant energy to
electrical current. Such materials are widely used in solar-cell arrays,
lasers, infrared detectors and other devices.
This press release includes forward-looking statements that involve risks
and uncertainties. It is not a solicitation to purchase or sell securities of
Galtech Semiconductor Materials Corporation. Readers should consult with
their own independent tax, business or financial advisors with respect to any
investment in this company. For investor relations please call 623-825-2550
or consult Galtech's web site at www.galtech-corp.com.
SOURCE Galtech Semiconductor Materials Corp.