LANGHORNE, Pa., March 22, 2005 (PRIMEZONE) -- Hydrogel Design Systems, Inc. ("HDS") a subsidiary of Nesco Industries Inc. (NESCO) (OTCBB:NESK) announced today that it is in the process of completing the first 50,000 piece order under a supply agreement, previously announced December 10th, 2004 with Noble Fiber Technologies, Inc. HDS and Noble have developed a line of advanced wound care products under the brand name SilverSeal(r), utilizing HDS' advanced hydrogel manufacturing technologies and Noble's X-STATIC(r) silver technology platform. The FDA has already granted 510(k) clearance to market the product.
Noble Fiber Technologies, Inc. manufactures advanced biotechnology materials for use in the medical, industrial and consumer markets. X-STATIC(r) is a universally coated, permanently bonded silver fiber system engineered to provide multiple benefits -- including antimicrobial, anti-odor, thermal and conductive -- in a single delivery platform. For more information about Noble Fiber and X-STATIC(r) please call 877-978-2842 or visit http://www.noblefiber.com.
Hydrogel Design Systems develops, manufactures and markets high water content, electron beam cross-linked, aqueous polymer hydrogels used for wound care, medical diagnostics, transdermal drug delivery and cosmetics. HDS gels are produced using unique proprietary manufacturing technologies, which enable HDS to produce gels that can satisfy rigid tolerance specifications with respect to a wide range of physical characteristics while maintaining product integrity. HDS gels are also stable in form and composition, adhere painlessly to the human body and are compatible with active ingredients.
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FORWARD-LOOKING STATEMENTS
All statements other than statements of historical fact included in this release, including without limitation, statements regarding the marketability of the products discussed, financial position and business strategy of NESCO and HDS and plans and objectives of Management for future operations, are forward-looking statements. When used in this release, words such as "anticipate," "believe," "estimate," "expect," "intend," "will," "could," "may," and similar expressions, identify forward-looking statements. Such forward-looking statements are based on the beliefs of, as well as assumptions made by and information currently available to, NESCO's and HDS' management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, competitive factors, pricing pressures, capacity and supply constraints; market acceptance of new products and services; risks associated with the entry into new markets; and delays in product delivery. Such statements reflect management's views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to operations, and results of operations. Readers are cautioned not to place undue reliance on these forward-looking statements. Neither NESCO nor HDS undertakes any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.