Moyco Announces Closing Date for Sale of its Dental Supply Business Segment

Apr 30, 2001, 01:00 ET from Moyco Technologies, Inc.

    MONTGOMERYVILLE, Pa., April 30 /PRNewswire/ --
 Moyco Technologies, Inc. (Nasdaq: MOYC), announced today the closing of the
 previously announced transaction to sell assets related to its professional
 dental supply business segment is scheduled for Friday, May 25, 2001.  The
 Special Meeting of Shareholders has been moved to the same date at 9:00 AM at
 Moyco corporate offices located in Montgomeryville, Pennsylvania.  Proxy
 Statements providing detailed information concerning the pending transaction
 are being mailed to shareholders.  Shareholders of record as of April 2, 2001
 will receive Proxy Statements and be entitled to vote on matters pertaining to
 the sale.
     The record date for shareholders entitled to the partial liquidating
 dividend in the expected minimum amount of $1.35 per share remains May 1,
 2001. Shareholders of record as of the close of business on that day should
 receive this partial liquidating dividend within one week of the closing date.
     Moyco Technologies, Inc. is a manufacturer of professional dental supplies
 and precision abrasives.  The dental supply business segment, which is
 expected to be transferred during the Spring of 2001 pursuant to an Agreement
 of Sale signed on January 10, 2001, manufactures, markets, and distributes
 waxes, abrasives, dental mirrors, endodontic (root canal) instruments as well
 as other dental items and instruments.   The precision abrasives business
 segment manufactures commercial coated abrasives, slurries and polishing
 agents used for applications in various industries which require extremely
 uniform and fine polishing materials and consistent results, including fiber
 optics, semiconductor, lapidary, automotive parts, and dentistry.
 
     Statements in this news release that are not descriptions of historical
 facts are forward-looking statements that are subject to risks and
 uncertainties. Words such as "expect," "intends," "believes," "plans,"
 "anticipates," and "likely," also identify forward-looking statements.  All
 forward-looking statements are based on current facts and analysis.  Actual
 results may differ materially from those currently anticipated due to a number
 of factors including, but not limited to, competition, future capital needs,
 the need for market acceptance, dependence upon third parties, and disruption
 of vital infrastructure intellectual property.  All forward-looking statements
 are made pursuant to the Securities Litigation Reform Act of 1995.
 Additional information on factors that may affect the business and financial
 results of Moyco can be found in filings with the Securities and Exchange
 Commission.
 
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SOURCE Moyco Technologies, Inc.
    MONTGOMERYVILLE, Pa., April 30 /PRNewswire/ --
 Moyco Technologies, Inc. (Nasdaq: MOYC), announced today the closing of the
 previously announced transaction to sell assets related to its professional
 dental supply business segment is scheduled for Friday, May 25, 2001.  The
 Special Meeting of Shareholders has been moved to the same date at 9:00 AM at
 Moyco corporate offices located in Montgomeryville, Pennsylvania.  Proxy
 Statements providing detailed information concerning the pending transaction
 are being mailed to shareholders.  Shareholders of record as of April 2, 2001
 will receive Proxy Statements and be entitled to vote on matters pertaining to
 the sale.
     The record date for shareholders entitled to the partial liquidating
 dividend in the expected minimum amount of $1.35 per share remains May 1,
 2001. Shareholders of record as of the close of business on that day should
 receive this partial liquidating dividend within one week of the closing date.
     Moyco Technologies, Inc. is a manufacturer of professional dental supplies
 and precision abrasives.  The dental supply business segment, which is
 expected to be transferred during the Spring of 2001 pursuant to an Agreement
 of Sale signed on January 10, 2001, manufactures, markets, and distributes
 waxes, abrasives, dental mirrors, endodontic (root canal) instruments as well
 as other dental items and instruments.   The precision abrasives business
 segment manufactures commercial coated abrasives, slurries and polishing
 agents used for applications in various industries which require extremely
 uniform and fine polishing materials and consistent results, including fiber
 optics, semiconductor, lapidary, automotive parts, and dentistry.
 
     Statements in this news release that are not descriptions of historical
 facts are forward-looking statements that are subject to risks and
 uncertainties. Words such as "expect," "intends," "believes," "plans,"
 "anticipates," and "likely," also identify forward-looking statements.  All
 forward-looking statements are based on current facts and analysis.  Actual
 results may differ materially from those currently anticipated due to a number
 of factors including, but not limited to, competition, future capital needs,
 the need for market acceptance, dependence upon third parties, and disruption
 of vital infrastructure intellectual property.  All forward-looking statements
 are made pursuant to the Securities Litigation Reform Act of 1995.
 Additional information on factors that may affect the business and financial
 results of Moyco can be found in filings with the Securities and Exchange
 Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X38287504
 
 SOURCE  Moyco Technologies, Inc.