TORONTO, Oct. 1 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR")
wishes to report that its counsel was informed yesterday afternoon that the
arbitration decision in its dispute with Biosource Inc. has been delayed due
to unforeseen circumstances having nothing to do with the merits of the case
and that the decision should be forthcoming by mid-October.
ENPAR continues to believe that the arbitration will confirm its
compliance with the Non-exclusive License Agreement and provide the basis for
continuance of the Agreement in good standing and prevent unjustified
allegations of non-compliance in the future, at the time when the technology
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
ENPAR is a "Technology Company" applying its patented and proprietary
"Electrochemical Technologies" to the treatment of waste water and drinking
water contaminated by metals or nutrients i.e., nitrate/ammonia associated
with the mining, metal processing, chemical, agricultural, municipal and waste
management sectors. The common shares trade on Tier ll of the TSX Venture
Exchange under the symbol "ENP".
This news release contains forward-looking statements within the meaning
of the "safe harbour" provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to risks and
uncertainties and other factors that may cause ENPAR Technologies Inc. results
to differ materially from expectations. These include risks relating to market
fluctuations, property performance and other risks. These forward-looking
statements speak only as of the date hereof.
For further information:
For further information: Dr. Gene Shelp, President and CEO, Tel: (519)
836-6155, Fax: (519) 836-5683, E-mail: firstname.lastname@example.org, Web Site: