Contact:
Morris H. Wheeler, Chairman & Chief Executive Officer
Cohesant Inc.
216 910-1700
For Immediate Release
Cohesant Inc. Completes The Sale Of CuraFlo
Beachwood, Ohio September 6, 2011--Cohesant Inc. (Pink Sheets: COHY) (“Cohesant”) today announced that it has completed the sale of its CuraFlo business. CuraFlo’s founding partners, Stuart McNeill and Brian LeMaire, reacquired the business in a transaction structured as a sale of the stock of CuraFlo of British Columbia Ltd. and the assets of CuraFlo’s U.S. subsidiaries. Mr. LeMaire has served as an employee of the Company since the Company’s initial purchase of CuraFlo in 2005. The purchase price of $1,875,000, included $1.225 million in cash and the retirement of shares of preferred stock in the Company with a value of approximately $650,000.
About Cohesant Inc.
Cohesant based in Beachwood, Ohio, is engaged in the protection and renewal of drinking water distribution systems and wastewater collection systems for municipal and industrial infrastructure and the design, development, manufacture and sale of specialty coatings and equipment used to apply such coatings. The Company markets its products under numerous trade names including; AquataPoxy and Raven. For more information, visit www.cohesant.com or call 216/910-1700.
About CuraFlo Group Of Companies
The CuraFlo Group of Companies (“CuraFlo”) with head office in Mesa, Arizona, is a full service mechanical company and supplier of proprietary CuraFlo epoxy technologies to protect and renew a wide variety of pipes. CuraFlo markets its unique solutions directly through corporate regional offices in Vancouver, BC and Cleveland, OH, and licenses other mechanical companies to provide the proprietary CuraFlo solutions to repair and renew pipes from ½” to 4” in diameter. For more information, visit www.curaflo.com or call 1-888-428-7235
Safe Harbor Statement
This communication contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, particularly those statements preceded by, followed by, or that otherwise include the words, “believes,” “expects,” “anticipates,” “intends,” “estimates,” or similar expressions. Forward-looking statements relating to expectations about future results or events are based upon information available as of today’s date, and there is no assumed obligation to update any of these statements. The forward-looking statements are not guarantees of future performance, and actual results may vary materially from the results and expectations discussed. These forward-looking statements are made subject to significant risks and uncertainties that could cause actual results to differ materially from those stated. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Cohesant Inc. undertakes no obligation to publicly release any revisions to these forward looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
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