John...I just keep buying and tuck the following release under my pillow each night...most folks don't GET IT yet. Strange and wonderful things can happen to a stock's price when people GET IT. We talked to OZON after this announcment and I think I GOT IT. P&G is in for the duration...my opinion only.
(COMTEX) B: CYCLOPSS CORPORATION ENTERS INTO FINANCING AGREEMENT
B: CYCLOPSS CORPORATION ENTERS INTO FINANCING AGREEMENT
SALT LAKE CITY, Feb 15, 2000 /PRNewswire via COMTEX/ -- CYCLOPSS
CORPORATION (OTC Bulletin Board: OZON) announced today that they have
entered into a financing agreement that will provide Cyclopss with
working capital to continue its ozone technology application efforts.
Under the terms of the agreement Procter & Gamble will advance
operating capital to Cyclopss secured by the Company's Intellectual
Proprietary and technologies. The agreement also grants P&G the first
right of refusal for the Global Licensing of all current, as well as
future proprietary technologies developed by Cyclopss. In addition P&G
has the right to convert all, or any part of the total monies advanced
into equity shares of Cyclopss common stock at any time during the term
of the agreement.
"We are delighted at Procter & Gamble's demonstrated confidence in
Cyclopss' expertise in the field of ozone technology applications,"
says Dr. Durand Smith, Director of Research & Development for Cyclopss.
"Their participation in this financing comes at a critical time for
Cyclopss and provides opportunities we would have otherwise missed."
Cyclopss recently participated in the announcement of two new consumer
products being co-marketed by its client Otres, Inc. of Chicago, and
the CREST and DAWN brands of P&G. Those agreements were the result of
Cyclopss' introducing the Otres TOOTHBRUSH & KITCHEN SPONGE SANITIZERS
to Procter & Gamble.
Cyclopss Management stated that the Procter & Gamble, Cyclopss, Otres
business relationship is the first venture to be completed since
initiating its new business model. Cyclopss receives royalties from the
sale of these consumer devices and manages, for Otres, the ongoing
relationship with Procter & Gamble under contract.
For more information on Cyclopss and Otres, visit their web sites
www.cyclopss.com and www.otres.com.
CYCLOPSS is a world leader in the development of ozone technology and
applications for health care and industry.
SOURCE Cyclopss Corporation
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com 
-0-
CONTACT: William Stoddard of Cyclopss Corporation, 801-972-9090,
fax 801-972-9092
WEB PAGE: otres.com
cyclopss.com
GEOGRAPHY: Utah
Illinois
INDUSTRY CODE: ENV
HOU
SUBJECT CODE: FNC
OTC
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