Ardmore, OK, Aug. 29—Softstone, Inc., a recycler of waste tires into products including flooring, has purchased 100% of the outstanding shares of common stock of Kilkenny Acquisition Corp., a Delaware corporation, in exchange for 1,078,387 shares of Softstone's common stock. Kilkenny is a public company formerly based in California. Subsequent to the close of the transaction, Softstone became a public company. Softstone has filed a 10-QSB with the Securities and Exchange Commission for the quarter ended March 30, as well as an 8-K reflecting the nature and details of its transaction. The company is preparing to file its 10-KSB for the year ended June 30. The boards of directors of both companies unanimously approved the transaction.

Keith Boyd, the newly appointed president and CEO of Softstone, reported, "The officers and directors of Softstone continue on after the purchase of Kilkenny. Jim Miller has been appointed vice president of manufacturing and production and Leo G. Templer has been appointed vice president of sales and marketing. Both men have extensive experience in their respective areas and each will play a key role as we begin to expand our product lines and markets."

Softstone, Inc. converts whole waste tires into useful recycled rubber products with the Parker System, an automated and economical solution to the global problem of waste tires.  The patented products are used as walking paths, flooring in a variety of applications, golf cart paths and rubber curbing.

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