Patent Status     Phillip Court, one of the directors and officers of DAY INTERNATIONAL, INC., obtained an exclusive license to the U.S. Patent on which the Kinet-O-Scroll and Kinet-O-Scope are based (Smith #5676890123) in 19 . This license was granted by the original inventor of the process, Elmo Smith, for 2% of any eventual sales of either product during the term of the patent, until Smith receives $200,000, 1.5% until Smith receives a total of $400,000 and 1% thereafter. This license is cancelable if Smith does not receive $20,000 per year with the first payment, due November 19 . The license excludes certain applications of the Smith patent which are not related to the corporations products.     In 19 , Phillip Court assigned an exclusive sublicense for the remaining term of the patent (10 years) to DAY INTERNATIONAL, INC. The payment to Court for this sublicense is 2% of the sales, expiring when sales of $100 million have been attained. In addition, the corporation has assumed the obligation for the royalty payment to Smith. All patent documentation, license agreements and contracts are available to the potential investor or his agent upon request. D. Corporation Management     The founders of DAY INTERNATIONAL, INC. are: Phillip V. Court and Frederick R. Jones, Jr. The directors, officers and key employees of this corporation are as follows: 1.Frederick R. Jones, Jr., President, Treasurer and Director;     2.Phillip V. Court, Vice-President, Secretary and Director;     3.Edmund R. Jones, Project Manager and Accounts Payable Manager.     Frederick R. Jones, Jr., age 52, has over 25 years of experience as an engineer, project engineer, program manager, proposal manager, marketing specialist, department head, program director, marketing manager, etc. His specialty has been in automatic control systems and advanced display systems for manned aerospace vehicles. Mr. Jones prior associations have been with Butterworth Aircraft (1954-1969), Vokar Electronics (1969-1979) and National Computer (1979 to date).     Phillip V. Court, age 46, has over 19 years of experience as an analog design engineer and manager. He is presently Engineering Manager of Data Conservation Products at a major corporation headquartered in Santa Clara, California. Prior to this, he was the first vice-president of engineering of Ultradesign, a $200M sales semi-custom integrated circuit house. Mr. Court has authored numerous applications and brochures and several articles for a national electronics publication, and holds three U.S. patents.     Edmund R. Jones, age 23, holds a Bachelor of Science degree in marketing from the University of California, Irvine. He has gained valuable work and customer interface experience at such companies as Reliable Insurance, VSV Associates and West Coast Semiconductor. In addition to his varied work experience, he has demonstrated community service and leadership capabilities, most significant of which are his leadership of a troop of explorer scouts and his membership in several regional opera societies. Edmund R. Jones is the son of Frederick R. Jones, Jr. E. Product Description