Napier International Technologies Inc. (T.NIR) Message Board

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

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To: David in Ontario who wrote (2273)	6/1/1999 11:14:00 AM
From: David E. Smith	Read Replies (1) of 2444

Press Release Canadian Company Press Release NIR 1999-06-01 (provided courtesy of Canadian Corporate News.) register to receive future releases by email from CCN Napier Becomes Supplier to U.S. Coast Guard VANCOUVER, BRITISH COLUMBIA--Napier International Technologies Inc. (NIR.TSE) is pleased to announce it has become the supplier of stripping compounds to the U.S. Coast Guard for chemical stripping of its aircraft. After a lengthy process of due diligence with several competitive products, the Coast Guard submitted a short list of three products to the manufacturers of its aircraft. Approvals came back for the three paint strippers at which time a determination was made to award Napier with the supply agreement for chemical stripping of the aircraft. Napier's management is encouraged by the approval of its product by the U.S. Coast Guard and are continuing discussions regarding supply contracts for its marine line of environmentally friendly chemical coatings removers. The U.S. Coast Guard and Napier have also recently submitted components made of composite materials for testing at a Northrop Grummond facility. The parts will be stripped using Napier's compounds and tested for any adverse effects. These procedures hold significant importance for both the aviation and commercial markets. Composite materials are becoming widely used for aircraft, automotive and military components and cannot be stripped using conventional chemical strippers. Napier is also pleased to report its 3rd Quarter revenues continued to set new records, sales of the company's environmentally friendly strippers and cleaners continued the growth pace by increasing by 16 percent over 2nd Quarter results. Revenues less commissions paid have been recorded at $416,000 for the quarter. ON BEHALF OF THE BOARD OF DIRECTORS Bradley T. Aelicks President/Director -30- FOR FURTHER INFORMATION PLEASE CONTACT: Napier International Technologies Inc. Jason Cubitt or Greg Thomas (604) 801-6664 napierintl.com HE TORONTO STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT.

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