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

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To: Bob Staaf who wrote (2442)5/1/2001 10:24:34 AM
From: Bob Staaf   of 2444
 
NEWS ANNOUNCEMENT FOR IMMEDIATE RELEASE

U.S. Military Distribution Signed ________________________________________________________________________

Vancouver, British Columbia, Canada……… May 1, 2001



Napier Environmental Technologies Inc. (TSE:NIR) is pleased to announce the signing of a distribution agreement with Aero-Chem, L.L.C (Aero-Chem). The agreement gives Aero-Chem the right to distribute Napier products to the U.S. Army, U.S. Marines, U.S. Air Force and the U.S. Navy Aircraft. Aero-Chem has identified applications for the Napier products for the restoration of aircraft, ground transport vehicles and military buildings.



As part of the agreement Aero-Chem will pursue the Military Specifications Approvals necessary for the military to buy the Napier products. This nonexclusive agreement includes minimum purchasing levels over the first three years of the agreement and gives Aero-Chem the right to distribute throughout the USA.



Aero-Chem is a company privately owned by Mr. Chris Hensley and is located in Detroit, Michigan. Mr. Hensley is retired from the US Military and has been selling chemical products to the military for 20 years. The Napier products fit in well with Aero-Chem’s existing product line; both companies are excited about the potential uses and applications of the SARA Technology for refurbishment projects by the US Military.



On Behalf of the Board of Directors







Bradley T. Aelicks

President

_____________________________________________________________________________________

THE TORONTO STOCK EXCHANGE NEITHER APPROVES OR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE WHICH HAS BEEN PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT
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