EXTON, Pa.--(BUSINESS WIRE)--Rheologics Technologies Inc (OTC:RTGI) announces that it will be changing its name to KKS Venture Management Inc. The new trading symbol is OTC: KKSV. The name change reflects the Company’s renewed focus on diversifying its business interests to increase cash flow.
The Company will continue to manage its interests in Rheologics Inc. as well as other technologies while eliminating its obligation to provide capital and managerial support. The change comes in response to the Company’s desire to transition its interests out of research and development and into revenue producing projects. Rheologics Inc. will continue to focus on the development and commercialization of its medical technologies. To learn more about Rheologics please visit their website at www.Rheologics.com.
KKS Venture Management Inc. will function as a venture holding company, providing capital and consulting services to its partner companies. KKS will continue to focus on emerging growth opportunities in the private and over the counter markets. The Company believes that the broader approach to managing its interest will bring the benefits of diversification and growth to its shareholders and partners. The Company plans to launch a new website shortly.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's operations, imprecision in estimating product reserves and the Company's ability to replace and expand its interests. Rheologics Technologies Inc or KKS Ventures Inc. assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.