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Exhibit 6-2
THERMATRIX INC. NEWS RELEASE
Thermatrix Inc.
308 North Peters Road, Suite 100
Knoxville, Tennessee 37922
For further information contact: Daniel S. Tedone, President
423. 539-9603 extension 3207
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THERMATRIX ANNOUNCES SENIOR MANAGEMENT CHANGES
(Knoxville, TN, February 7, 2000) - Thermatrix Inc. (OTC: TMXI.OB) announced
today the resignation of John T. Schofield as a Director and Chairman of the
Board, President and Chief Executive Officer and the appointment of Frank R.
Pope as Chairman of the Board and Chief Executive Officer. Mr. Pope, a long-
time director of the Company and the Managing Director of Critical Resources of
San Francisco, will assist management in the current restructuring.
Daniel S. Tedone was appointed President of the Company and elected to the Board
of Directors. Mr. Tedone has been serving as the Executive Vice President and
Chief Financial Officer of the Company. He will lead the restructuring and
assume overall management responsibility for Company operations. Mr. Tedone has
held senior executive positions in environmental manufacturing and service
businesses for the past twenty years.
"John Schofield was instrumental in taking Thermatrix from a technology to a
respected commercial company with world-wide operations and blue chip customers.
His strategic vision and spirit will be missed," said Mr. Pope. "Dan Tedone is a
seasoned professional who is highly qualified to assume leadership of the firm.
He will provide the stability and discipline needed to successfully restructure
the Company and lead it to profitability."
"The Wahlco Air Systems and Wahlco Metroflex Divisions have been very successful
in booking new business during the past six months," said Mr. Tedone. "Their
performance coupled with the potential of the recently announced agreement with
The Dow Chemical Company indicates that the Company's business is robust and
viable. Our strong client list is one of our most important assets as we proceed
to restructure the organization. We are especially appreciative of the support
of our customers and suppliers throughout this process," he said.
Thermatrix is an industrial Company primarily serving the global market of
continuously operating facilities for a broad range of industries that include
the refining, chemical, steel, pharmaceutical, pulp and paper, electric
utilities, co-generation plants, and industrial manufacturers. Thermatrix
provides a wide variety of air pollution control solutions, including its unique
flameless thermal oxidation technology, as well as a wide range of engineered
products and services to meet the needs of its clients.
This announcement contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities and
Exchange Act of 1934. Actual results could differ materially from those
projected due to various factors including the outcome of the Chapter 11
proceeding, the successful closing of the Dow Agreement, as well as the risk
factors reported in Form 10-K/A (Commission File No. 0-20819) and such other
risks detailed from time to time in the Company's reports filed with the
Securities and Exchange Commission. The Company undertakes no obligation to
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publicly release the results of any revisions to these forward-looking
statements which may be made to reflect events or circumstances after the date
hereof or to reflect the occurrence of anticipated events.
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