SOURCE: Epolin, Inc.

November 17, 2009 15:20 ET

Epolin, Inc. Announces Termination of Letter of Intent

NEWARK, NJ--(Marketwire - November 17, 2009) - EPOLIN, INC. ("Epolin") (OTCBB: EPLN) ( today announced that it has received a letter of termination from the proposed purchaser with regard to the previously announced non-binding letter of intent pursuant to which such strategic purchaser proposed to acquire all of the outstanding capital stock of Epolin. As a result of such termination, Epolin's obligation to negotiate exclusively with such purchaser has been terminated as well.

Epolin will continue to pursue strategic and financial options which it believes are in the best interests of its shareholders including but not limited to a potential sale to a third party. There can be no assurance that any such transaction can or will be completed.

About Epolin

Epolin, Inc. is a specialized chemical company primarily engaged in the manufacturing, marketing, research and development of infrared dyes, laser absorbing dyes and infrared dye formulations. The Company's business is heavily weighted towards the development, manufacture and sale of near infrared dyes. Applications for these dyes cover several markets that include laser protection, welding, sunglasses, optical filters, glazing and imaging and security inks and tagants. The Company also manufactures specialty chemicals for certain chemical manufacturers.

Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate", "believe", "estimate", "plan", "intend" and "expect" and similar expressions, as they relate to Epolin, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors discussed in reports and documents filed from time to time by the Company with the Securities and Exchange Commission. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.

Contact Information

  • For more detailed information, please contact:
    Murray S. Cohen, Chairman of the Board
    James Ivchenko, President
    (973) 465-9495