ShockRounds(TM) "Electric" Less-Lethal Bullets Project Reports Progress
SANTA CLARA, CA -- 11/23/2004 -- MDM Group, Inc. (OTC: MDDM) advises that its transaction with Australian listed Harrington Group Ltd is now in the final stages of completion following the publication in Australia today of the electronic version of the AUD$4 million Public Offering Prospectus.
The Prospectus can be accessed at www.harringtongroupltd.com and together with past information provided through the Explanatory Notes and KPMG Independent Experts Report released on 23 September 2004 provides a detailed overview of the Companies and the ShockRounds™ Project.
The imminent closing of the Public Offering will complete the first major phase of the MDM Group strategy and development and will see MDM Group emerge as the controlling shareholder of a fully funded and publicly listed subsidiary company that will be developing ShockRounds™ in its own right.
On closing of the Harrington Group Prospectus issue it is expected that a 15C2-11 Information Statement will be lodged and subject to NASD approval will then allow Market Makers to make a market for the Harrington Group Securities in the US OTC market.
MDM Group is a development stage advanced technologies research and development Company focused on security and Homeland Defense industries with interests that include the ShockRounds™ technology which is positioned as a major breakthrough in the munitions, military and law enforcement industries. This patent pending development introduces an “electric” charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. See: www.shockrounds.com
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
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