Post by Franko10 ™ on Oct 18, 2004 14:55:43 GMT -5
Crystalix Group International Inc. Announces Executive Management Plan for Other Countries
16:00 EDT Monday, October 18, 2004
LAS VEGAS (Business Wire) -- Crystalix Group International Inc. (CGI) (OTCBB: CYXG) announces that senior management, led by Kevin Ryan, chairman, president & CEO, and Doug Lee, executive vice president of operations, are currently involved in a number of strategic initiatives aimed at improving global supply chain management, logistics, sourcing and new product development. "CGI is exploring all manufacturing and production options available through various countries. The company is focused on reducing CGI's costs, improving profitability and accelerating growth through existing and new channel distribution on a global basis," stated Lee. "CGI is also working to stop the illegal flow of 2D & 3D subsurface laser etched products into the U.S. retail market. The company is actively cooperating with government authorities as well as working with Laser Design International (LDI) and Norwood to eliminate these illegal products from reaching the consumer market in the United States," stated Ryan.
About Crystalix Group International Inc.
Crystalix is the 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, 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 the 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 the 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.
Crystalix Group International Inc., Las Vegas
John J. Lais III, 702-740-4616
or
Princeton Research Inc.
Mike King, 702-650-3000
16:00 EDT Monday, October 18, 2004
LAS VEGAS (Business Wire) -- Crystalix Group International Inc. (CGI) (OTCBB: CYXG) announces that senior management, led by Kevin Ryan, chairman, president & CEO, and Doug Lee, executive vice president of operations, are currently involved in a number of strategic initiatives aimed at improving global supply chain management, logistics, sourcing and new product development. "CGI is exploring all manufacturing and production options available through various countries. The company is focused on reducing CGI's costs, improving profitability and accelerating growth through existing and new channel distribution on a global basis," stated Lee. "CGI is also working to stop the illegal flow of 2D & 3D subsurface laser etched products into the U.S. retail market. The company is actively cooperating with government authorities as well as working with Laser Design International (LDI) and Norwood to eliminate these illegal products from reaching the consumer market in the United States," stated Ryan.
About Crystalix Group International Inc.
Crystalix is the 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, 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 the 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 the 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.
Crystalix Group International Inc., Las Vegas
John J. Lais III, 702-740-4616
or
Princeton Research Inc.
Mike King, 702-650-3000