SOURCE: Reflect Scientific

February 17, 2010 06:18 ET

Reflect Scientific, Inc. Details the Benefits of Its Recently Completed Reorganization

OREM, UT--(Marketwire - February 17, 2010) - Reflect Scientific, Inc. (OTCBB: RSCF), a provider of diverse products and services for the biotechnology, pharmaceutical and transportation industries announces the completion of an internal corporate reorganization. Following the completion of several successful acquisitions, Reflect Scientific met key milestones in 2009 that focus on increasing shareholder value.

Facility overhead and labor costs were dramatically reduced by relocating Cryometrix product lines to the Bozeman, MT facility saving approximately $1,000,000 per year. All Temp Engineering, an unprofitable service segment, ceased operations and assets were sold off, thus driving value to the Company's bottom line.

Divesting unprofitable assets has allowed the Company to focus on its very promising liquid nitrogen cooling technology. This patented zero emission technology, used in reefer [refrigerated] commercial transport trucks, server room cooling and low temperature freezers, addresses a $28 billion market. Universal Container was added as a distribution outlet for the CB-40 trailer refrigeration system, greatly expanding Reflect's market reach. Discussions are in progress with major customers that are embracing the green nature of this technology and the cost savings that it can provide. Reflect's management believes these discussions are strong indications of market interest in its technologies and looks forward to announcing further sales in this business unit.

On the financial side, Reflect sought a resolution to its outstanding debenture and is currently finalizing an agreement that will benefit both parties. Reflect is expecting a release announcing resolution shortly.

Further, management have been in negotiations with two new merger/acquisition targets which, should they be completed, could drive significant shareholder value. Target acquisition/merger candidate one is a completely "green" patented technology with operations in several locations in the United States and significant international interest. Target acquisition/merger candidate two is a mature logistical company with interest in several of Reflect's existing technologies and products. A synergistic relationship with this company, according to management, could be tremendously exciting for both groups.

Mr. Kim Boyce, CEO, stated, "We are excited to have completed our internal reorganization. When we completed our acquisitions, we found value in each of their operations. However, we always felt the real benefit of each of the acquisitions could only be realized when they were combined. The synergies of all the companies together far outweigh their individual attributes. By making the changes described above, we look forward to 2010 as a very solid year of growth efficiency gains for our company and all of our employees and shareholders."

About Reflect Scientific, Inc.

Reflect Scientific, Inc., based in Orem, Utah, develops and markets innovative, proprietary technologies in cryogenic cooling, imaging, and optics for the healthcare, biotechnology, pharmaceutical, medical, industrial, and transportation markets. Among Reflect Scientific's products are imaging and quality inspection systems, low temperature freezers, and refrigerated containers for laboratory and transportation uses. For more information, visit

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

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