Filed by Envirometrics, Inc.
pursuant to "Rule 14a-12" under the
Securities Act of 1933, as amended
Subject Company: Envirometrics, Inc.
Commission File No.: 0-23892
NEWS RELEASE MARCH 23, 2000
FOR IMEDIATE RELEASE: ENVIROMETRICS, INC. ANNOUNCES RE-LISTING ON OTC:BB.
ENVIROMETRICS, Inc. (EVRM-OTC:BB), a Delaware Corporation, announced that
it has been re-listed on the OTC:BB under its original symbol EVRM.
ENVIROMETRICS, Inc. has moved from the National Quotation Bureau--Pink Sheets to
the Over The Counter Bulletin Board. After bringing its filings current with the
SEC, its Market Makers submitted the necessary documentation to OTC:BB. On March
21, 2000 OTC:BB listed EVRM as a National Securities Clearing Corporation (NSCC)
Eligible Security.
Walter H. "Skip" Elliott, III President and CEO of Envirometrics stated, "This
is a hurdle that we have been trying to get over for almost two months. Our
shareholders will be pleased that they can track their stock more easily. We are
also excited that one of the conditions to moving forward with a plan to
exchange stock with The Catapult Group, Inc. has been fulfilled. Things should
now move more quickly and smoothly to close our transaction."
Bryan M. Johns, President and CEO of The Catapult Group stated, "We are pleased
to see the first steps toward our combined future completed successfully. This
achievement wins even greater confidence from our organization that we will
close our definitive agreement in a timely manner, thus making Envirometrics the
centerpiece to our growth and expansion strategy."
If the transaction is consummated, ENVIROMETRICS, Inc. will issue common shares
to acquire all the outstanding shares of The Catapult Group, Inc., a Georgia
corporation. The acquisition will result in the shareholders of The Catapult
Group owning 90% of ENVIROMETRICS, Inc. after closing, with current
ENVIROMETRICS, Inc. shareholders retaining 10% ownership. Following the Closing
ENVIROMETRICS, Inc. will be the surviving corporation, but will change its name
to The Catapult Group, Inc. The transaction has obtained the recommendation of
each company's Board of Directors and is now contingent upon, subsequent
approval by the shareholders of The Catapult Group and ENVIROMETRICS, Inc. and
other customary closing conditions.
Information about The Catapult Group
The Catapult Group has positioned itself as a premier southeastern provider of
Internet consulting and development services for middle-market organizations.
The Catapult Group has recently signed consulting and development agreements
with the likes of Unisys Corporation, The Metro Atlanta Chamber of Commerce and
Internet start-up Telephone.com. The Catapult Group is pursuing an aggressive
regional expansion plan and is initiating regional acquisition efforts.
Forward Looking Statements
This press release contains certain 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, which are intended to be
covered by the safe harbors created thereby. Investors are cautioned that
certain statements in this release are " forward looking statement" within the
meaning of the Private Securities Litigation Reform Act of 1995 and involve
known and unknown risks, uncertainties and other factors. Such uncertainties and
risks include, among others, certain risks associated with the closing of the
transaction described above, government regulation, and general economic and
business conditions. Actual events, circumstances, effects and results may be
materially different from the results, performance or achievements expressed or
implied by the forward-looking statements. Consequently, the forward-looking
statements contained herein should not be regarded as representations by
ENVIROMETRICS, Inc. or any other person that the projected outcomes can or will
be achieved.
Additional Information and Where to Find It
ENVIROMETRICS, Inc. plans to file an Information Statement on SEC Form 14C in
connection with the merger, and ENVIROMETRICS, Inc. expects to mail this
Information Statement to shareholders of ENVIROMETRICS, Inc. containing
information about the merger. Investors and shareholders are urged to read the
Information Statement carefully when they are available. The Information
Statement will contain important information about ENVIROMETRICS, Inc., THE
CATAPULT GROUP, the merger, the persons soliciting written consents relating to
the merger, their interests in the merger, and other related matters. Investors
and shareholders will be able to obtain free copies of these documents through
the website maintained by the U.S. Securities and Exchange Commission at
http://www.sec.gov. Free copies of the Information Statement may also be
obtained (when available) from ENVIROMETRICS, Inc. by directing a request to
ENVIROMETRICS, Inc., 9229 University Blvd., Charleston, SC 29406, attention:
Investor Relations, telephone: (843) 553-9456.
In addition to the Information Statement, ENVIROMETRICS, Inc. files annual,
quarterly and special reports and other information with the Securities and
Exchange Commission. You may read and copy any reports, statements or other
information filed by ENVIROMETRICS, Inc. at the SEC's public reference room at
450 Fifth Street, N.W., Washington D.C. 20549 or at any of the Commission's
other public reference rooms in New York, New York and Chicago, Illinois. Please
call the Commission at 1-800-SEC-0330 for further information on the public
reference rooms. ENVIROMETRICS', filings with the SEC are also available to the
public from commercial document-retrieval services and at the Web site
maintained by the SEC at http://www.sec.gov.
ENVIROMETRICS, Inc. and their directors, executive officers and certain other
employees and members of management may be deemed to be soliciting written
consents from shareholders of ENVIROMETRICS, Inc. in favor of the merger.
Information concerning the participants in the solicitation is set forth as of
January 28, 2000 in ENVIROMETRICS' Annual Report on Form 10-KSB for the year
ended December 31, 1998.
Contact: Walter H. "Ski" Elliott, III
Envirometrics, Inc.
843-553-9456
