USA: Zicron sells Barotex Technology to FutureVest

SANTA MONICA: Garrett K. Krause, Managing Director of FutureVest Inc announced that FutureVest has acquired 100% of the issued and outstanding stock of Barotex Technology Inc from Zicron Corporation.

The closing of these acquisitions provides for an immediate spin out of its subsidiary, FutureVest Group, Inc., which holds ownership of all FutureVest investments and operating subsidiaries, to its shareholders of record.

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. 

As part of the transaction, FutureVest, Inc. will immediately amend its name and trading symbol on the OTC Pink Sheets to Barotex Technology Corporation (Barotex).

Simultaneously all FutureVest shareholders that own stock up to close of business on Monday December 17, 2007 for a record date of December 20, 2007 will receive a special restricted FutureVest Group, Inc. share as a dividend. This dividend will only be eligible to FutureVest shareholders holding 25 shares or greater and will be paid on December 31, 2007.

“The completion of this transaction will allow Barotex as a public company the ability to take this highly versatile advanced material technology to a whole new level as a public traded company, and for all our current FutureVest shareholders you will continue to hold your original FutureVest shares soon to become Barotex Technology Corporation as an liquid investment and receive a new restricted share dividend in FutureVest Group, Inc. as we continue our growth as a global venture investment company.” commented Mr. Krause. 

FutureVest is a venture investment company that delivers shareholder value through its strategic investment plan. FutureVest has two interconnected working segments, Capital Investments and Venture Services that provide the necessary resources to assist in growth and success of its portfolio groups.

Core investments are made into entrepreneurial lead companies in the area of environmental technologies, software companies and online new media ventures.

Send your News/Releases for publication to [email protected]
Added: December 17, 2007 Source: Press Release
Start script - 1550980040.2266 Start news id check - 1550980040.2267 After news id check - 1550980040.227 After cookie_code - 1550980041.8582 Before news detail - 1550980041.8582 After news detail - 1550980041.8592 Start cat select - 1550980041.8593 After cat select - 1550980041.8595 before preg replace - 1550980041.8596 After preg replace - 1550980041.8596 Before tag engine - 1550980041.8596 After tag engine - 1550980041.8651 Before mptt engine - 1550980041.8651 After mptt engine - 1550980041.8651 Before related engine - 1550980041.8651 After related engine - 1550980041.8686 Before update hits - 1550980041.8687 After update hits - 1550980041.8689 After update news_hits - 1550980041.8716 After mem_only_views - 1550980041.8716 -------------------------------------------------- Total Exec time:- 1.6449999809265
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2019. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 24-02-2019