<PAGE> 1
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant / /
Filed by a Party other than the Registrant /x/
Check the appropriate box::
/ / Preliminary Proxy Statement
/ / Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
/ / Definitive Proxy Statement
/x/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
NOCOPI TECHNOLOGIES, INC.
(NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NOCOPI COMMITTEE TO MAXIMIZE OUR RETURN ON EQUITY (NAME OF PERSON(S)
FILING PROXY STATEMENT IF OTHER THAN THE REGISTRANT)
Payment of Filing Fee (Check the appropriate box):
/x/ No fee required
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11
(1) Title of each class of securities to which transaction applies: Common
Stock, $.002 par value
(2) Aggregate number of securities to which transaction applies:
___________ shares
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee
is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
/ / Fee paid previously with preliminary materials.
/ / Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
<PAGE> 2
NOCOPI TECHNOLOGIES STOCKHOLDER GROUP
CONDEMNS MANAGEMENT'S POSTPONEMENT
OF ANNUAL MEETING
FOR IMMEDIATE RELEASE
Philadelphia, Pennsylvania, December 3, 1999. The Nocopi Committee to
Maximize Our Return on Equity (NoMore), a committee of stockholders of Nocopi
Technologies, Inc. (OTC Symbol NNUP) organized to replace that Company's board
of directors, issued a stinging rebuke to Nocopi's management for unilaterally
postponing the Company's annual meeting of stockholders. The annual meeting,
which was previously scheduled for Monday, December 6, 1999, has been
rescheduled to occur on December 15, 1999.
In postponing the meeting, Nocopi Chairman Jack Halperin stated in a
press release that the action was taken because, as of December 2, 1999,
Nocopi's stockholders had submitted "proxies for less than ten percent of the
outstanding shares, far less than a quorum." Halperin's statement was false
when that press release was issued. Before Halperin's statement was issued, a
NoMore representative had informed Nocopi's lawyers that substantially more
than the ten percent of outstanding shares referenced in its release had
already been submitted for voting. In fact, by 5:00 p.m. on December 2,
according to information provided by ADP, a data processing company which
collects and accumulates the votes of beneficial owners whose shares are held
in brokerage accounts. Proxies for shares in excess of those constituting a
quorum had been submitted to it and, of those shares voted, a substantial
majority supported NoMore's nominees for election as directors over those of
current management.
When it postponed the meeting, the Company's management must have known
that it was losing its battle for control of Nocopi. At its worst, the
postponement may be an attempt to thwart the expressed will of Nocopi's
stockholders; at best, it may represent a forlorn effort to delay the
inevitable. In any event, this postponement thoughtlessly inconveniences the
many Nocopi stockholders who have already made travel arrangements and planned
their schedules around a December 6 meeting date.
NoMore urges Nocopi's stockholders to support its nominees by returning
the BLUE proxy card. Send a message to Jack Halperin that further self-serving
actions will not be tolerated.
