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February 6th, 2004
MFIC Announces Signing of Agreement for Sale of Assets
MFIC Corporation announced today that it has entered into an Agreement to sell selected assets of its Morehouse-COWLES Division to a wholly owned subsidiary of NuSil Corporation, of Carpinteria, CA. This sale will positively impact our cash and cash flow positions, and allow us to focus on our core business and to expand our sales and marketing resources for our Microfluidizer(R) processor systems product line, and to promote our new nanoparticle production systems.
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