This is a big one.....
ILI Technologies Signs $1.5 Million Order
10/26/2006
Calgary, AB October 26, 2006
FSC / Press Release
ILI Technologies Signs $1.5 Million Order
Calgary, Alberta CANADA, October 26, 2006 /FSC/ - ILI Technologies (2002) Corp. (TSX - VX: ILI),
In continuation of our record third quarter sales, ILI Technologies is pleased to announce the signing of a new $1.5 million order for Thermoflex(r) Tubing and associated connectors. The product will be delivered to a major corporation in Mexico. The Thermoflex(r) Tubing associated with this order will take approximately 4 to 8 weeks to manufacture and deliver.
This is the largest order ever received by ILI Technologies and by itself represents more than any previous annual revenues for the company. Sales of Thermoflex(r) Tubing to-date represent only a fraction of the potential market in Mexico as old flowlines are in need of replacement or repair and companies are looking for longer-lasting and more efficient methods of flowlining new wells. The company is working to secure several additional orders in this region and is also looking to expand sales into the United States and Canada with its innovative product line.
ILI Technologies (2002) Corp. is a high technology company, whose principal business is to develop, manufacture and market oil and gas industry Information Technology (IT) and Operational solutions that improve business performance. ILI's business development efforts have shown and will continue to show excellent results, with the addition of a number of new customers from our CBM Pumps and Services Inc. acquisition, the increased sales revenue from the distribution rights for Thermoflex(r) tubing and the addition of new sales, management and service teams in our offices in Alberta, Texas and Wyoming. ILI Technologies (2002) Corp. is also in the process of developing other new product lines to add to its suite of existing products.
For further information, please contact:
Serge Bonnet President, ILI Technologies (2002) Corp Phone: 403-543-0060 Fax: 403-543-0069 E-mail: invest@ilitech.com Website: ilitech.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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