Contact: Morris H. Wheeler, Chairman & Chief Executive Officer
Cohesant Inc.
216-910-1700
For Immediate Release
Cohesant Inc. Announces Payment From Reverse Split
Beachwood, Ohio January 9, 2012—Cohesant Inc. (“Cohesant”) today announced it expects payments to shareholders to occur during the end of week of January 9th and the week of January 16, 2012. Stockholders of record owning fewer than 50,000 shares of Common Stock immediately preceding the Reverse Stock Split will be paid $ 0.60 in cash for each pre-Reverse Stock Split share of Common Stock in lieu of receiving fractional shares.
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 Raven and AquataPoxy.
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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