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.
Copyright
2001 Floor Focus Inc
