Applies to -- UREC
Urecoats Industries Inc. Completes Development and Testing of its Revolutionary Roofing and SealantProduct
Urecoats Industries Inc. Completes Development and Testing of its
Revolutionary Roofing and SealantProduct
POMPANO BEACH, Fla., Jan 4, 2000 (BUSINESS WIRE) -- Urecoats
Industries Inc. (OTCBB:UREC-news), through its wholly-owned subsidiary
Urecoats International, Inc., a developer of roofing and sealant
products, today announced that it has completed development and testing
of its patent pending URECOATS 100(TM), an environmentally useful
Rubber Sealant Membrane (RSM)(TM) formulated to revolutionize the $28
billion dollar a year roofing industry.
URECOATS 100(TM) is a rapidly curing, long lasting, seamless RSM(TM)
that is designed to be sprayed on existing roofing substrates using a
patent applied application technology currently in final testing in
preparation for mass distribution this year. The RSM(TM) is an ultra
high quality modified urethane fluid applied type rubber substance that
prevents water penetration and protects the surface to which it is
applied from natural weathering, acid rain and wind uplift to name a
few. It is made from a proprietary patent pending formula, comprised of
urethanes, crumb rubber from recycled tires and other additives. These
characteristics give URECOATS 100(TM) greater strength, flexibility,
elasticity and a higher degree of resistance to chemicals and moisture
than other coatings and sealants in the marketplace today.
The results from the independent testing labs have proved what the
product's inventor, Ponswamy Rajalingam, knew all along. "We have a
product that is clearly superior; in fact URECOATS 100(TM) is on
another level from the current products available in market today." To
date, no Independent Testing lab has been able to pull the URECOATS
100(TM) product from the applied substrate using the maximum capacity
of their wind uplift testing equipment. Shirad Ali, General Manager,
Independent Roof Testing of South Florida, Inc. stated, "All
indications are that your scientists have devised a sound and well
thought out roofing, waterproofing and potential concrete containment
system. When approvals are completed, you should command a large
portion of the market share because of the inherent qualities of these
materials, cost, durability, use of applications and variety of
applications.
Larry T. Clemons, President and COO of Urecoats Industries Inc.
commented, "The URECOATS 100(TM) product is expected to give a roof a
20 plus year certification rating, which will be one of our major
competitive advantages." Mr. Clemons went on to say, "Even after
eventual aging the URECOATS 100(TM) system can be brought back to `like
new' with a simple renewal spray of URECOATS 100(TM)."
Urecoats Industries Inc. is based in Pompano Beach, Florida. For more
information on the company, call 1800 382 4931 or visit the Company's
web site at urecoats.com. |
