What I wanna know is, if HCTI is legit and not just a skillful diluting carrot dangler, how come not one cent of this purchase order has ever hit the books? I mean, it's only been 2 yrs and 5 months. Surely, there should be at least a few pennies showing on the books by now. But, nooop. Nada. Zero. Zilch.
Hybrid Coating Receives Purchase Order From Major Coatings Manufacturer
Date : 08/05/2013 @ 9:25AM
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has received its first purchase order from Consorcio Comex SA ("Comex"). Comex is based out of Mexico City and has 7,000 employees and $1.4 billion in annual sales. Comex sells its products in the US, Mexico and South America and is the fourth largest paints and coatings manufacturer in North America with over 3,000 points of sale. "Our technology and products have undergone extensive testing at Comex's laboratories prior to being incorporated in their supply chain," said Joseph Kristul, President and CEO. "We are very excited to establish a commercial relationship with Comex which is now the second multi-billion dollar company to date that we have partnered with in our industry."
Hybrid is in advanced discussions with other substantial players in its industry as it continues to execute on its strategic plan of partnering with industry leaders and leveraging the infrastructure and distribution capabilities of these partners to increase its revenue and market penetration.
On June 25, 2013 the Occupational Safety and Health Administration (OSHA), a division of the US Department of Labor, initiated a National Emphasis Program to protect workers from the serious health effects from occupational exposure to isocyanates. Isocyanates are found in polyurethane based products. According to the OSHA, "Workers exposed to isocyanates can suffer debilitating health problems for months or even years after exposure which could result in death."
The US EPA (Environmental Protection Agency) is looking to control and potentially outright ban isocyanates and mentioned Hybrid's technology as an alternative to toxic polyurethane in its Action Plan against isocyanates (see page 4 Figovsky and Shapovalov)
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