Epolin, Inc. Announces Retention of Financial Advisor
NEWARK, NJ--(Marketwire - February 11, 2009) - EPOLIN, INC. (the "Company") (OTCBB: EPLN)
(www.epolin.com) today announced that it has retained Millburn Capital
Group as its financial advisor in connection with the Board's decision to
explore strategic alternatives for the Company, including the potential
sale of the Company, as a result of recent expressions of interest
received.
Interested parties are invited to contact the Company's financial advisor
per the contact information listed below. The Company noted that there can
be no assurance that the process will result in a transaction that the
Company's Board determines is in the best interests of the Company or its
stockholders. Further, there is no assurance concerning the type, form,
structure, nature, results, timing or terms and conditions of any such
transaction, even if a transaction does result from this process. The
Company does not intend to release additional information about the status
of this process but will publicly report all required information on a
timely basis.
Financial advisor contact information:
Mark Furman
Millburn Capital Group
Tel: 973-564-5600
Email: mfurman@millburncapital.com About Epolin
Epolin, Inc. is a specialized chemical company primarily engaged in the
manufacturing, marketing, research and development of infrared dyes, laser
absorbing dyes and infrared dye formulations. The Company's business is
heavily weighted towards the development, manufacture and sale of near
infrared dyes. Applications for these dyes cover several markets that
include laser protection, welding, sunglasses, optical filters, glazing and
imaging and security inks and tagants. The Company also manufactures
specialty chemicals for certain chemical manufacturers.
Statements contained herein that are not based upon current or historical
fact are forward-looking in nature. Such forward-looking statements reflect
the Company's expectations about its future operating results, performance
and opportunities that involve substantial risks and uncertainties. When
used herein, the words "anticipate," "believe," "estimate," "plan,"
"intend" and "expect" and similar expressions, as they relate to Epolin,
Inc., or its management, are intended to identify such forward-looking
statements. These forward-looking statements are based on information
currently available to the Company and are subject to a number of risks,
uncertainties, and other factors that could cause the Company's actual
results, performance, prospects, and opportunities to differ materially
from those expressed in, or implied by, these forward-looking statements.
Factors that could cause or contribute to such differences include, but are
not limited to, such factors discussed in the Company's Annual Report on
Form 10-KSB for the fiscal year ended February 29, 2008 under the caption
"Uncertainties and Risk Factors" in Part I, Item 1 "Description of
Business." Except as required by the Federal Securities law, the Company
does not undertake any obligation to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or for any other reason.
Contact Information: For more detailed information, please contact:
Murray S. Cohen
Chairman of the Board
James Ivchenko
President
(973) 465-9495