NORCROSS, Ga., April 19 /PRNewswire/ -- Isolyser Company, Inc. (Nasdaq: OREX) today announced the establishment of MindHarbor, Inc. In an effort to reduce corporate expenditures, Isolyser transformed the talents of its information technology department into a potential profit-center by creating this subsidiary. MindHarbor is a technology services provider offering an array of information systems solutions for small to mid-size companies both in the Atlanta metropolitan market and on a national basis. Migo Nalbantyan, CEO of Isolyser stated, "By creating this spinout and giving the management of MindHarbor the opportunity to earn controlling interest in MindHarbor we are creatively seeking ways to reduce our operating cost while improving our capabilities in the area of e-commerce and Internet marketing." To illustrate its service capabilities and customer-centric mindset, MindHarbor has established a leading Internet business research and community center designed for business management and information technology professionals. MindHarbor.com was launched March 1, 2000 and has already experienced a dramatic visitor response ratio. The MindHarbor business community has received numerous compliments from leading business and information technology professionals and this center's resources will grow on a continual basis. Jay Conrad Levinson, author of the best selling Guerilla Marketing series and one of the best selling marketing writers states, "Mindharbor.com is to the Internet as a map is to an explorer. I've made it a bookmark, a favorite place and a topic of all my conversations about being online. The Net keeps getting better each day and Mindharbor.com is a quantum leap forward in its value to onliners. I'm amazed that somebody didn't think of this before." Mike Mabry, MindHarbor's CEO, stated, "We have established a world class team of industry talent and a comprehensive technology services portfolio that can be custom configured to facilitate the needs of our customers." This package includes: Consultation MindHarbor will research, develop and maintain the most efficient plan to effectively manage the information systems needs of one's company. Network Solutions Services MindHarbor will provide layout and design of Local and Wide Area Network (LAN/WAN) solutions. This may also include wiring of the system, providing internet access, setup of an email system, and provide application sharing throughout the network. Equipment MindHarbor is licensed to sell hardware and software to the end-user, and will provide installation and support on all equipment and software. Web Development MindHarbor will design, develop and/or update a website for Internet, intranet, or extranet usage. This may include the entire array of technology features such as e-commerce, IRC development, accounting and finance applications, database driven application, etc. Web Hosting MindHarbor will provide domain name registration and hosting of the website. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be significantly affected by certain risks and uncertainties described in the Company's annual report on Form 10-K and elsewhere, including without limitation, the risks described in Risk Factors in the Company's Annual Report on Form 10-K for the period ending December 31, 1999. The Company's actual results could differ materially from such forward- looking statements. Isolyser has developed and manufactures OREX(R) Degradables, a series of ecologically safe products made from a thermoplastic, hot water soluble polymer that can be configured into an array of products such as woven and nonwoven fabrics, film, and thermoformed and extruded items. These products can be dissolved after use, in hot water in a specially designed OREX(R) processor similar to a commercial washing machine, for safe disposal through municipal sewer systems. The Company believes that its products provide protection to people and the environment while providing cost-effective solutions to the problems associated with waste reduction and disposal. The Company also manufactures infection control products.
SOURCE Isolyser Company Inc.