To: y2kfree_radical who wrote (41491 ) 4/5/2000 11:48:00 AM From: SSP Read Replies (1) | Respond to of 150070
$1 Million Order Received By 'TEVT' TORONTO, Apr 5, 2000 /PRNewswire via COMTEX/ -- Technical Ventures Inc. (OTC Bulletin Board: TEVT) the manufacturer of proprietary thermoplastic compounds, announced today that it has received its largest ongoing order ever for specialty compounding. "One of our existing customers responding to demand for their products which utilize specialty compounding as a key component, has committed to increasing their purchases for the compound to 100,000 lbs. per month." stated Technical Ventures' CEO Frank Mortimer. "From this one order alone we should realize approximately US$1 million in sales over the next 12 months, which would amount to a 100% increase in revenue" from the prior 12 month period. This further constitutes the confidence which the competitive market has placed in our products." This news release may contain forward looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the Company, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in Technical Ventures periodic filings with the US Securities and Exchange Commission. SOURCE Technical Ventures, Inc.