Garrett K. Krause, Executive Director of FutureVest confirms the acquisition of Barotex Technology, Inc. from Zicron Corporation previously announced on December 12, 2007 has been completed and the combined company is now called Barotex Technology Corporation. The common shares of Barotex are now trading on the OTC Pink Sheets under the new symbol ‘BARX’.
Barotex Material Company was founded in 1996 by Lilo Beuzieron and was incorporated as Barotex Technology, Inc. in 2004 after 8 years of intense research and development. Barotex prime function was to design, develop and bring to market a specialty composite type fiber with application in a multitude of markets as a woven fabric, filament wound configuration, continuous weave product, a chopped fiber and a spun fiber that has high-heat resistance and sound deadening/insulating properties.
Barotex fibers are currently processed out of mineral rocks of volcanic origin through multiple confidential patented processes. The base fibers formulated with carbon or ceramic fibers and/or various metals have been developed into new hybrid composite type materials and technologies to open a new page in 21st Century fiber material science. Depending upon the weave and composite material introduced into the fibers, BAROTEX can work as a replacement for Carbon Fiber, Kevlar and other such high demand materials.
For more information please visit www.BarotexTechnology.com
About Barotex Technology Corporation
As an innovative specialty fiber company, Barotex Technology Corporation has developed fibers that represent a truly disruptive and paradigm shifting technology with broad based application across many market sectors that will redefine the way the world views and utilizes composite materials. Barotex can efficiently and cost effectively replace the reigning composite material industry leaders such as glass and mineral fibers (fiberglass, carbon fiber, kevlar, etc.) or Barotex can be combined with these composite materials to produce stronger, lighter, lower cost products.
This press release may contain forward-looking statements. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
Contacts:
Investor/Media Contact:
Garrett
K. Krause, 310-451-7400
Fax: 310-919-3116
Barotex@FutureVest.com
