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Home > Press > Ecology Coatings, Inc. announces definitive agreement to merge with OCIS Corporation

Abstract:
Nanotechnology Leader Marks Significant Milestone in APO Process

Ecology Coatings, Inc. announces definitive agreement to merge with OCIS Corporation

BLOOMFIELD HILLS, MI | Posted on May 22nd, 2007

Privately held Ecology Coatings, a leading developer of nano-engineered industrial coatings for cleaner, more efficient manufacturing, entered into a definitive agreement to merge with publicly held OCIS Corporation as part of a alternative public offering (APO) transaction. The merged company, to be named Ecology Coatings, is expected to trade on the OTC Bulletin Board. The management of Ecology Coatings will become the management of the surviving public entity.

According to the merger agreement, OCIS will offer shares of its common
stock in exchange for the outstanding common stock of Ecology Coatings. OCIS
will issue to the shareholders of Ecology Coatings up to thirty-one million
eight hundred thousand (31,800,000) shares of the common stock of OCIS. Upon
completion of the merger, the shareholders of Ecology Coatings are expected
to hold approximately 95.2% of the common stock of the surviving public
entity, while the current shareholders of OCIS will own approximately 4.8%.

Richard Stromback, Chairman of Ecology Coatings, said, "This agreement marks
a significant step in the process of becoming a publicly held company." He
added, "Ecology Coatings is another step closer to being accessible within
the micro cap public market, creating an opportunity for investors to get
involved in an extremely promising emerging technology that combines the
capabilities of nanotech with the benefits of clean tech." The closing of
the merger is targeted for June 2007, subject to customary closing
conditions, SEC review as well as stockholder approval from both companies.

####

About Ecology Coatings
Ecology Coatings is a leader in the development of nano-engineered,
ultra-violet curable coatings that drive efficiencies and clean processes in
manufacturing. Leveraging a platform of integrated nano-material
technologies, the company creates proprietary coatings with unique
performance attributes. Ecology collaborates with industry leaders to
develop revolutionary high-value, high-performance coatings for military,
automotive, industrial, electronic and medical applications. Ecology
Coatings is a privately-held company based in Akron, Ohio

Statements in this press release that are not historical fact may be deemed
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Although Ecology Coatings believes the
expectations reflected in any forward-looking statements are based on
reasonable assumptions, Ecology Coatings is unable to give any assurance
that its expectations will be attained. Factors that could cause actual
results to differ materially from expectations include the company’s ability
meet the conditions necessary to complete the proposed APO transaction.

For more information, please click here

Contacts:
Bree Maria
Antenna Group
415-977-1936

http://www.antennagroup.com

Copyright © Ecology Coatings

If you have a comment, please Contact us.

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