Microphonics' Indy Participation Receives National Exposure
24 May 1999Microphonics' Indy Participation Receives National Exposure
NASHVILLE, Tenn., May 24 -- Microphonics (OTC Bulletin Board: MRPS) http://www.microphonics.com announces, because of limited practice time by driver Brian Tyler due to weather, the #36 Microphonics Delco-Remy car did not make a qualifying attempt for this year's race. Prior to the weekend's activities, however, Microphonics became cosponsor of the #35 Prolong Lubricants Delco-Remy Microphonics Thermo Tech ISM team car. This car, driven by Steve Knapp, qualified with an average speed of 221.502 mph, and will start 13th in the 33 car field. The car was thoroughly checked prior to its qualifying attempt with the Microphonics Model 111RCK to insure maximum reliability and performance. During the qualifying run the car performed flawlessly. Jimmy Gayle, Microphonics CEO, commented "We are extremely pleased that our INDY effort has led to greater exposure for Microphonics. Our shareholders will be pleased to know that our investment as sponsor of an INDY car, with the Microphonics logo, has already resulted in significant additional opportunities for Microphonics to expand it's product sales to major companies within the automotive, industrial, transportation, and utility sectors." Microphonics markets two proprietary hand-held Ultrasound devices - an automotive device called the Microphonics Automotive Diagnostic System and the Ultraphonic Detector that is designed for industrial and high performance applications. The Automotive unit allows for highly accurate detection of leaks, engine component wear such as valves and bearings, as well as electrical shorts and drive train problems. The unit is so precise that problems can be located within 1/8th of an inch. The Ultraphonic Detector shares the same qualities and also has the unique ability to filter out ambient noises, thereby making precise detection easy, even in the noisiest environments. One additional interesting fact. The Microphonic devices also have predictive failure ability. In prior NASCAR tests, for example, the unit correctly predicted 28 of 28 engine failures and the specific failure area(s) where the problems would manifest themselves. The company believes that opportunities for safety applications are yet another significant area for the Company to pursue. The matters described herein contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control which could cause actual results to differ materially from historically results, performance or other expectations and from any opinions or statements expressed with respect to future periods.