CalciTech Launches German Project Company
20 12월 2012 - 9:23PM
Business Wire
CalciTech Ltd. (OTCBB: CLKTF) announces that following
the Board’s approval of the project at Piesteritz, Germany,
CalciTech Synthetic Minerals Europe Ltd, (“CSME”) is pleased to
announce the registration of CalciTech Piesteritz GmbH. Initially
formed with minimum share capital of €25,000, this will be
increased on determination of the project funding. This Company is
100% owned by CSME and its purpose is to construct and operate a
Synthetic Calcium Carbonate (“SCC”) plant.
CSME’s chairman, Michael J.B. Brickell will act as the new
company’s first Geschäftsführer. Mr. Brickell commented “The
registration of this new project company will now allow us to move
forward with the project in the New Year.”
About CalciTech Ltd:
CalciTech Ltd has developed and patented unique technology for
the production of Synthetic Calcium Carbonate, “SCC” a specialty
material that may be widely used in industrialized parts of the
world and is developing operating licensees in these territories,
the first being in Europe. With its technological capabilities,
CalciTech will continue to develop the product potential into other
areas.
About CalciTech Synthetic Minerals Europe Ltd:
The Company, recently established in England, has been granted
an exclusive license for Europe to execute on the business plan to
develop the use of SCC specialty products within the high end
valued segments of paper, paint, polymer and related areas, food
and pharma applications. CSME, independently managed, is seeking
funding through the London market for investment in Europe.
The directors of the company take responsibility for this
announcement.
This press release contains "forward looking statements"
including forward looking statements as that term is defined in
section 27a of the United States Securities Act of 1933 and section
21e of the Securities and Exchange Act of 1934. Statements in this
press release, which are not purely historical are forward looking
statements and include any statements regarding beliefs,
expectation or intentions concerning the future. Forward looking
statements in this press release include, but are not limited to
statements which are subject to a number of contingencies and
uncertainties, including, but not limited to, market acceptance for
CalciTech's products, manufacturing of CalciTech's products in a
commercial setting, obtaining adequate financing and construction
management for production and obtaining appropriate
permits.
It is important to note that the corporation's actual
outcomes may differ materially from those in forward looking
statements contained in this press release. Although the company
believes that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that such beliefs, plans, expectations and intentions
will prove to be accurate. Readers should refer to the risks
disclosures in the company's public filings with the Securities and
Exchange Commission.
Calci Tech (CE) (USOTC:CLKTF)
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Calci Tech (CE) (USOTC:CLKTF)
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