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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)
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To: Greg from Edmonton who wrote (2259)5/4/1999 3:01:00 PM
From: Ginco  Read Replies (2) of 2444
 
Tuesday May 4, 2:35 pm Eastern Time
Company Press Release
Napier Signs Marketing Agreement with Scandinavian Distributor
VANCOUVER, BRITISH COLUMBIA--Napier International Technologies Inc. (NIR.TSE) is pleased to report that it has signed an international distribution agreement with a Norwegian based corporation; Environmental Coating Removal Associates (ECRA).

ECRA will hold certain non-exclusive distribution rights to market a broad range of Napier's environmentally friendly line of paint lifters and cleaning products into the countries of Norway, Sweden, Denmark, and Finland.

ECRA will immediately initiate marketing efforts into commercial marine, aerospace, automobile, refinery, and consumer sectors. Offshore oil rig opportunities in the North Sea will be among the first markets tested.

ECRA is well funded and has more than 15 years experience in the de-painting industry. Having already completed initial trial marketing, management is confident it can establish a significant opportunity for Napier's products within the estimated annual US$60 million Scandanavian market.

Napier is in advanced stage negotiations with several marketing groups and anticipates the signing of further international distribution agreements shortly.

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