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TRIDEN TELECOM ANNOUNCES BUSINESS COMBINATION WITH PERMANENT TECHNOLOGIES, LLC
Permanent Technologies will take control of the combined entity with a business plan focused on their proprietary patented TineLok vibration-proof fastening system for commercial and industrial use.
Hauppauge, New York – November 2, 2007 --
Permanent Technologies, LLC ("Permanent") announced today that Permanent and Triden Telecom, Inc (Pink Sheets:TRTM) entered into an agreement to complete a reverse merger transaction whereby Permanent's business assets and operations are now combined with Triden Telecom.
Loren Ball, founder and CEO of Permanent will assume the position of President and CEO of Triden Telecom. In the near future the Company expects to rename itself Permanent Technologies to reflect its new focus on designing and manufacturing proprietary fastening systems for high vibration environments.
"We believe our Company has a lot of exciting new TineLok product offerings in the works and I am very pleased that Permanent has transitioned into a publicly traded company. We believe that having access to the public markets will create new opportunities for the Company, although we can provide no assurance it will. We anticipate 2008 being a very successful year for the company and for the TineLok product line," said Ball.
About Permanent Technologies, Inc.
Permanent Technologies is the inventor and manufacturer of the award winning TineLok Fastening System -- a family of fasteners that are designed to hold tight in the most demanding, extreme and harshest conditions, environments and applications.
The TineLok Fastening System's vibration-proof, self-locking technology is an affordable alternative to traditional fasteners when increased safety, reliability, operating life and reduced maintenance is desired or required.
The Company has been granted numerous patents both in the U.S. and internationally for the TineLok technology. For more information please visit www.TineLok.com.
Forward Looking Statements:
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
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