| VitroTech
Corporation, through its wholly owned subsidiary VitroCo
Incorporated,
is a materials technology and research company, headquartered
in Santa Ana, California, with rights to over 35 billion
pounds of rare amorphous aluminosilicate deposits. The products
produced from this material enhance both the physical qualities
and production of plastics, purge, paint/coatings and a
variety of other market segments (companies principle products
include Vitrolite®, Vitrocote®,
Vitropurge®). Renowned research
authorities believe that Vitrolite®
may be one of the greatest breakthroughs in polymer technology
in the past 30 years.
In
order to expedite the capture of global market dominance,
as well as to establish further liquidity to support both
internal growth as well as that through acquisitions, Hi-Tech's
operations have become a subsidiary of a public company
that has been renamed VitroTech Corporation, (“VitroTech”).
VitroTech acquired the assets of Hi-Tech related to the
plastics and paint/coatings industries. Hi-Tech has contributed
all management and operating infrastructure, as well as
ownership of all intellectual property created by Hi-Tech
to the new subsidiary, VitroCo Incorporated (“VitroCo”).
VitroTech will serve as a holding company for the subsidiary.
The
newly formed VitroCo will maintain control of the 35 billion
pounds of the material subject to royalty payments through
contractual agreements.
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