Post by Franko10 ™ on Sept 29, 2004 19:42:29 GMT -5
Crystalix Group International Inc. Expands Operations in South Africa
TUESDAY , JANUARY 27, 2004 06:35 PM
LAS VEGAS, Jan 27, 2004 (BUSINESS WIRE) -- Crystalix Group International Inc. (OTC BB: CYXG) today announced receipt of a Letter of Intent from its South African affiliate, Crystalix S.A.
The Letter of Intent outlines a major expansion program of at least 20 full retail units and a production unit within South Africa over a period of 18 months commencing April 2004. A Definitive Agreement and a roll-out plan will be finalized by March 2004. Crystalix S.A. had started its first retail unit in October 2003 within the Sandton Shopping Mall, Johannesburg. The sale value of equipment is expected to be US$ 3.5 million plus an additional US$ 500k in glass sales.
"We have made tremendous headway in the development of our technology and the South African proposal is the first of many to come since the launch of our new retail sub-surface laser engraving equipment last week," said John S. Woodward, the president of the group. "Installation of a production operation in this precious metal rich region will be the foundation of the group's operations in South Africa. We intend to pursue every reasonable option to establish ourselves in this area. The successful expansion of our affiliate is an important step in our development plan."
About Crystalix Group International Inc.
Crystalix is a leading manufacturer, distributor, and marketer of laser subsurface engraved optical-quality glass products. Its principal product is a personalized three-dimensional engraved crystal that features the facial image of one or more persons or other three-dimensional images. As of Sept. 30, 2003, Crystalix had 44 kiosks owned by its marketing partners in retail shopping malls, resorts, promenades, casinos, cruise ships and theme parks where its crystals are engraved and sold. Its engraving process involves the use of a high-resolution digital camera, a laser image scanner, and a laser that is configured together by a standard desktop personal computer, using its proprietary software and a Windows operating system. The laser image scanner converts images from a digital camera, a customer's digital image, or a hard copy photograph into a three-dimensional or two-dimensional digitally formatted image that will be engraved into the center of the crystal by the laser.
This press release contains "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such statements can be identified by lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement.
SOURCE: Crystalix Group International Inc.
CONTACT: Crystalix Group International
Chris Hanneman, 702-740-4616
www.crystalixusa.com
or
Princeton Research Inc.
Michael King, 702-650-3000
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TUESDAY , JANUARY 27, 2004 06:35 PM
LAS VEGAS, Jan 27, 2004 (BUSINESS WIRE) -- Crystalix Group International Inc. (OTC BB: CYXG) today announced receipt of a Letter of Intent from its South African affiliate, Crystalix S.A.
The Letter of Intent outlines a major expansion program of at least 20 full retail units and a production unit within South Africa over a period of 18 months commencing April 2004. A Definitive Agreement and a roll-out plan will be finalized by March 2004. Crystalix S.A. had started its first retail unit in October 2003 within the Sandton Shopping Mall, Johannesburg. The sale value of equipment is expected to be US$ 3.5 million plus an additional US$ 500k in glass sales.
"We have made tremendous headway in the development of our technology and the South African proposal is the first of many to come since the launch of our new retail sub-surface laser engraving equipment last week," said John S. Woodward, the president of the group. "Installation of a production operation in this precious metal rich region will be the foundation of the group's operations in South Africa. We intend to pursue every reasonable option to establish ourselves in this area. The successful expansion of our affiliate is an important step in our development plan."
About Crystalix Group International Inc.
Crystalix is a leading manufacturer, distributor, and marketer of laser subsurface engraved optical-quality glass products. Its principal product is a personalized three-dimensional engraved crystal that features the facial image of one or more persons or other three-dimensional images. As of Sept. 30, 2003, Crystalix had 44 kiosks owned by its marketing partners in retail shopping malls, resorts, promenades, casinos, cruise ships and theme parks where its crystals are engraved and sold. Its engraving process involves the use of a high-resolution digital camera, a laser image scanner, and a laser that is configured together by a standard desktop personal computer, using its proprietary software and a Windows operating system. The laser image scanner converts images from a digital camera, a customer's digital image, or a hard copy photograph into a three-dimensional or two-dimensional digitally formatted image that will be engraved into the center of the crystal by the laser.
This press release contains "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such statements can be identified by lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement.
SOURCE: Crystalix Group International Inc.
CONTACT: Crystalix Group International
Chris Hanneman, 702-740-4616
www.crystalixusa.com
or
Princeton Research Inc.
Michael King, 702-650-3000
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.