Published:
/C O R R E C T I O N -- Axion International/
/C O R R E C T I O N -- Axion International/
In the news release, Axion International Plans to Manufacture Commercial
Waste Containers from 100% Recycled Plastics, issued Tuesday, May 6, by Axion
International over PR Newswire, we are advised by a representative of the
company that the first paragraph, first sentence, should read "Analytical
Surveys, Inc." rather than "Analytic Systems, Inc." as originally issued
inadvertently.
Complete, corrected release follows:
Axion International Plans to Manufacture Commercial Waste Containers from 100%
Recycled Plastics
- Company Signs Worldwide Agreement with American Container and Recycling.
- Axion's Patented Recycling Technology allows Company to Replace Higher
Cost Steel and Virgin Plastics.
- Agreement Broadens Company's Influence into Waste and Recycling
Industries.
BASKING RIDGE, N.J., May 6 /PRNewswire-FirstCall/ -- Axion International,
a wholly-owned subsidiary of Analytical Surveys, Inc.
(OTC Bulletin Board: ANLT) an emerging leader in the alternative
infrastructure and building products industry, today announced the signing of
a lease/license agreement with American Container and Recycling, "ACR". Under
the terms of the worldwide agreement, Axion has the exclusive right to
manufacture, distribute and license ACR's patented technology and retain an
option to buy ACR in a stock transaction.
Axion will combine its breakthrough technology with established marketing
channels to expand the market for these lighter, quieter and lower maintenance
receptacles. Jim Kerstein, Axion International CEO stated, "Axion, in
conjunction with Rutgers University, has developed plastics technology focused
on using recycled plastics in a wide variety of industries. Our technology
will open up opportunities in markets that have been made obsolete by
skyrocketing oil prices."
John Lorenz, ACR - CEO added, "ACR has operated as a leader in the
development and manufacture of waste containers until confronted by
skyrocketing plastic costs, driven by the price of oil. Axion's patented
technology will allow for the replacement of costly engineering grade plastics
with substantially more cost efficient, better performing recycled resins. The
ACR customer base includes retail, residential, commercial / industrial, and
automotive markets. As a part of this industry and as a direct user of waste
plastics, this is a natural extension of Axion's product line."
ACR (www.acrintl.com) is a product development and licensing company based
inWashington State. The company has developed and patented innovative
rotationally molded and plastic products for the Municipal, Industrial,
Commercial, and Residential sectors. Serving the refuse and recycling
industries, the company's products include the patented Whisper Series(R)
Containers.
Kerstein further stated, "The combined technologies represent an important
growth opportunity for Axion. In working with ACR, Axion has seized the unique
opportunity to close the recycling circle by inserting itself into the
waste-collection industry. The containers that we will be supplying will be
purchased by the waste industry and be part of the collection process. The
containers themselves will be made from recycled resins. The waste materials
collected will then be used in the production of railroad ties and bridges as
well as new containers. This circle results in waste collection yielding high
performance green products with extended lives."
About Axion International
Axion International (www.axionintl.com) is positioned as an important
structural product provider of alternative infrastructure and building
products. Axion operates from a "green" base, developing structural products
made from recycled consumer and industrial plastics that would otherwise be
discarded into landfills. Axion International's patented technologies,
developed in collaboration with scientists at Rutgers University, allow for
products that are extremely strong, durable, flexible in use, and low
maintenance. Traditional construction suppliers of wood, steel, and concrete
cannot compete with the flexible design features of structural plastic.
Manufactured from consumer and industrial waste plastics, Axion's upcycled
products are an economic alternative to traditional building materials.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the
Securities and Exchange Commission's "safe harbor" provisions under the
Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the
Securities Exchange Act of 1934. These forward-looking statements are subject
to various risks and uncertainties that could cause Axion's actual results to
differ materially from those currently anticipated, including the risk factors
identified in Axion's filings with the Securities and Exchange Commission.
Investors:
Jim Kerstein
908-542-0888
jkerstein@axionintl.com
SOURCE Axion International
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Copyright © 2008, NewsBlaze,
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