CORAL SPRINGS, Fla., March 31, 2005 (PRIMEZONE) -- Raptor Investments, Inc. (Pink Sheets:RAPT) announced today that it has entered into a Letter of Intent ("LOI") with Micro Connections, Inc. ("MC"). MC is a Las Vegas-based patent development company. MC develops products with potential mass appeal that can be patented. On March 18, 2003, Don Shefler, MC's founder and President, was granted a U.S. Patent (No. 6,533,410 B1) for "ALL OPTICAL NEEDS" ("AON") in the general field of optometry. The invention is a very thin, credit card-sized kit for repairing and maintaining eyeglasses that can be conveniently carried in a wallet or purse.
This patented product has market appeal to the eye care industry, the advertising specialty promotional industry and the personalized business card industry. Eye Care is a $30 billion dollar a year industry. The North American consumer market for AON consists of more than 180 million prescription eyeglass wearers and 70 million sunglass wearers. AON offers these targeted consumers the perfect solution to unexpected eyewear malfunctions because this unique repair kit can be conveniently carried with them at all times.
The Advertising Specialty Promotional Industry is a $20 billion dollar a year business. The imprintable AON case makes it an ideal product for this massive industry, particularly as an advertising and promotional item for companies involved with eye care, such as optometrists and eyewear retailers.
The personalized business card industry is a multibillion dollar business. The unique AON case can be displayed and sold by print shops as a distinctive, high-end, value-added business card for any company or individual who desires to make an impact when presenting a business card to an important existing or potential client.
Raptor is a diversified holding company. The Company provides merchant banking, consulting and public relations services to privately held and publicly traded companies. As part of its merchant banking services, the Company will pursue various diversified acquisitions on a regular basis. It is the Company's goal to restructure these acquisitions and divest them, in whole or in part, through a sale or spin-off.
Some of the statements contained in this press release are forward-looking statements, such as estimates and statements that describe the company's future plans, expectations, objectives or goals, including words to the effect that Raptor Investments, Inc. or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "intends", "expects", "estimates", "may", "could", "would", "will" or "plan". Such forward-looking statements are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual business results could differ materially from those currently anticipated in such statements. Readers should not place undue reliance on forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer for the purchase of any securities nor there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification under the securities laws of any such jurisdiction. No securities commission or similar authority in the United States or Canada has in any way passed on any of the information contained in this press release. The information provided in this press release is provided solely for the reader's general knowledge. It is not intended to be a comprehensive review of all matters and developments concerning the company.