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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)

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To: Richard Nash who wrote ()3/29/2000 8:02:00 PM
From: keetmon   of 2444
 
Napier's Bio-Wash distributed at Home Depot

Napier International Technologies NIR
Shares issued 43,350,784 Mar 28 close $2.71
Wed 29 Mar 2000 News Release
Mr. Jason Cubitt reports
Effective April, 2000, all Canadian Home Depot stores will be stocking
Napier's Bio-Wash brand wood restoration products. With the very successful
test market in the 17 Western Canadian stores in 1999, the additional 34
Eastern Canadian Home Depot stores will now be adding the Bio-Wash brand
products to complete a nationwide program. The Home Depot is the world's
largest home improvement retailer with over 900 stores in the United
States, Canada, Puerto Rico and Chile. The Home Depot has a policy of
promoting products with environmental benefits, such as Napier's to its
employees and customers.
Large-format home centres, such as the Home Depot's, are an important
strategic building block for the Bio-Wash brand products. The retail market
is changing rapidly and an ever-larger selection of products and quantities
is being sold to the do-it-yourself consumer and small contractor via the
large home centres.
Home Depot is scheduled to have a total of 54 stores in Canada by the end
of the year and all the Canadian stores will now carry a selection of the
Bio-Wash brand products. The addition of these stores will triple the
number of large-format home improvement centres stocking the Bio-Wash brand
products in the Canadian market place and are expected to have a
significant effect on the sales volume and market penetration in the
Canadian marketplace.
Napier and Home Depot have completed similar market testing in various U.S.
regions. The completion of the expanded Canadian product placement makes
the Bio-Wash line available through the Home Depot centralized product
coding system and sets the stage for continued growth into the Home Depot
U.S. and World networks.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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