Oct

9

Yes, I Finally Bought 1,000 Shares of Sciax Corp.

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After reading these following articles, I’ve become more convinced that this company will be performing well in the long run.

NEWS: Sciax Announces Sale to U.S. Military

AY CITY, Mich. and TORONTO, Oct. 4, 2004 (PRIMEZONE) — Sciax Corp. (Other OTC:SCXC.PK – News) reported today that a U.S. military customer has placed a strategically significant evaluation order for a confidential defense product developed by Sciax R&D partner Eomax Corp.

Sciax in partnership with Eomax have worked for several years on the development of this electro-optical system and we are very pleased to place this initial evaluation unit,” stated Ralph Manore, Vice-President of Operations for Sciax.

“The process of creating unique technology solutions for use in challenging military environments is a major undertaking,” stated Ken Smart, President of Eomax. “The process of implementing these unique technology solutions into the war-fighting capabilities of any military force is, in many ways, an even bigger undertaking. This sale is a door-opener for the Sciax – Eomax partnership and we are confident that our technology can and will make a real difference for these military users.”

In addition to the Wolf Pack system, manufactured by Sciax under license from Eomax, the companies continue to work on several other projects. These projects include confidential efforts as well as publicly disclosed initiatives such as implementations of 3D imaging technology from Spatial View Inc. and continuing work with Richard Wolf GmbH.

The Sciax Wolf Pack is a highly modularized opto-electronic remote viewing system used by law enforcement and military personnel. The reconfigurable, multi-operational design of Wolf Pack makes the system ideal for many applications in physical security, drug and contraband interdiction, tactical response and protective security. Wolf Pack electronics and optical components are built to high standards of durability, allowing successful deployment in harsh conditions that would prohibit the use of many conventional imaging systems. (Source: Yahoo News)

NEWS: Sciax Reports That It Has Signed a Letter Of Intent to Acquire 50% Of Nuresco Polymers

BAY CITY, Michigan & TORONTO, Oct. 6, 2004 (PRIMEZONE) — Sciax Corp (Other OTC:SCXC.PK – News) reported today that it has signed a letter of intent to acquire 50% of Nuresco Polymers.

Nuresco (http://www.nuresco.net) has developed an advanced polymer system with strength, high service temperature, chemical resistance and other properties that allow it to effectively compete for contracts in the defence and aeronautics industries. “We are eager to explore the opportunity of working with Nuresco,” stated Ralph Manore, Vice President of Operations for Sciax. “It is expected that we may leverage Nuresco’s contact base as a number of high level introductions will be made available to advance sales of Sciax’s Wolf Pack into the defence industry,” added Mr. Manore.

“We are impressed with Sciax’s people and are excited by pursuing the excellent fit that the acquisition would provide for both our companies,” said P. Henry Naskali, Vice-President Business Development of Nuresco Polymers. “As well as being able to advance sales of Sciax products, we are also intrigued by the prospect of including our high performance light weight polymers into existing Sciax product lines as well as those under development,” stated Mr. Naskali. (Source: Yahoo News)

Quote of the Day: The market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses. – Warren Buffett

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