news, looks like buyout is off~
Epolin, Inc. Announces Termination of Discussions With Possible Acquirer
Date : 09/08/2010 @ 2:35PM
Source : MarketWire
Stock : Epolin, Inc. (EPLN)
Quote : 0.381 0.0 (0.00%) @ 9:30AM
Epolin, Inc. Announces Termination of Discussions With Possible Acquirer
Epolin (BB) (OTCBB:EPLN)
Intraday Stock Chart
Today : Wednesday 8 September 2010
EPOLIN, INC. ("Epolin" or the "Company") (OTCBB: EPLN) (www.epolin.com) today announced that it has received a letter from the proposed strategic purchaser, with whom Epolin had signed an exclusivity letter, that such proposed purchaser was terminating discussions regarding a proposed transaction to acquire the Company. As a result, Epolin's obligation to negotiate exclusively with such party has been terminated as well.
Epolin will continue to pursue strategic and financial options which it believes are in the best interests of its shareholders including but not limited to a potential sale to a third party. There can be no assurance that any such transaction can or will be completed.
About Epolin
Epolin, Inc. is a specialized chemical company primarily engaged in the manufacturing, marketing, research and development of infrared dyes, laser absorbing dyes and infrared dye formulations. The Company's business is heavily weighted towards the development, manufacture and sale of near infrared dyes. Applications for these dyes cover several markets that include laser protection, welding, sunglasses, optical filters, glazing and imaging and security inks and tagants. The Company also manufactures specialty chemicals for certain chemical manufacturers.
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to Epolin, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors discussed in reports and documents filed from time to time by the Company with the Securities and Exchange Commission. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.
For more detailed information, please contact:
Murray S. Cohen
Chairman of the Board
James Ivchenko
President
(973) 465-9495
