MotorVac Retains Strategic Investor Relations Inc.
14 October 1999
MotorVac Retains Strategic Investor Relations Inc. to Provide Investor Relations Counsel and Outreach Support
SANTA ANA, Calif.--Oct. 14, 1999--MotorVac Technologies Inc. , a leading supplier of proprietary fluid management and diagnostic testing systems for the automotive service industry, Thursday announced that it has retained Strategic Investor Relations Inc. of San Diego to provide counsel and support on the development and implementation of an investor relations program designed to increase the level of visibility of MotorVac within the investment community and to enhance shareholder value."MotorVac is pursuing a strategy intended to increase stakeholder value by growing rapidly through increased sales of our core products, expansion and diversification of our product line, entry into new markets and exploring other strategic options where appropriate," said Lee Melody, president and chief executive officer of MotorVac.
"Given our potential growth opportunities and current market valuation," he added, "we believe additional investors will find the MotorVac story of interest and that our shareholders will benefit from additional effort on our part to communicate that story more actively to a broader audience."
About Strategic Investor Relations
Strategic Investor Relations Inc. provides full-service investor relations counsel and support to publicly traded and emerging pre-IPO companies. Services provided include development, documentation and implementation of strategic investor relations and corporate communications programs, development of appropriate internal systems, policies and procedures and training and instruction on investor relations practices, trends and issues.
Scott A. Rieger, principal of the firm, has been a corporate and investor relations consultant to top management for more than 20 years. He has counseled a variety of companies on a wide spectrum of public and investor relations issues, including financial disclosure, corporate governance, public equity and debt offerings and strategic program development.
In addition, he writes annual and interim reports to shareholders as well as analyst presentations and speeches, conducts financial and trade media relations and facilitates relationship building with institutional and retail investor audiences.
About MotorVac Technologies Inc.
MotorVac Technologies Inc. designs, develops, assembles and markets unique technological solutions for the service and repair of automotive fluid systems. Product lines include specialty chemicals and shop equipment for servicing fuel, coolant and transmission systems.
MotorVac's products are distributed to service shops, fleets and government agencies in more than 70 countries worldwide. For additional information, visit MotorVac's Web site at www.motorvac.com.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that such forward-looking statements shall be protected by the safe harbor provided for in such sections. In particular, statements regarding future results are subject to the risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, governmental and technological factors, including, among other things, changes in laws, the size and timing of customer orders, new or increased competition, unexpected increases in expenses, delays in acceptance of new products, product returns, seasonality in product purchases by distributors and end users, and pricing trends in the automotive after-market industry in general and, in specific, markets in which the company is active. Any of these factors, or others, could cause operating results to vary significantly from prior periods and those projected in the forward-looking statements. The making of these forward-looking statements shall not in any way obligate the company to update or correct the foregoing estimates or projections. Additional information with respect to these and other factors which could materially affect the company and its operations is included in the company's filings with the Securities and Exchange Commission, including its Annual Report or Form 10-KSB for the year ended Dec. 31, 1998 and any subsequent filings.
Note to Editors: MotorVac is a registered trademark of MotorVac Technologies Inc.