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Gold/Mining/Energy : International Hi-Tech (IHI) -- Ignore unavailable to you. Want to Upgrade?

To: Ronald P. Margraf Sr. who wrote (424)	1/3/2001 10:42:45 AM
From: Raja	Read Replies (1) \| Respond to of 461

Re: News Releases - Wednesday, January 03, 2001 IHI Major Announcement - Robotic Equipment Has Arrived. Complete Shipment of Robotic Equipment Has Arrived at IHI's First Automated Manufacturing Facility =========================================================================== At the beginning of the new Millenium, a significant milestone for International Hi-Tech Industries Inc. ("IHI") was achieved. The Company's President Roger A. Rached has accepted the complete shipment of robotic equipment essential to the commencement of production of IHI's advanced panel system. The equipment, from Fanuc Robotics Canada, arrived at the end of December, 2000, at IHI's Delta, B.C. factory. IHI and Fanuc are presently installing the shipment, which consists of over 1250 items, all fully pre-assembled and tested to manufacture IHI's steel-framed panels at Fanuc prior to delivery. The system at full capacity will provide sufficient steel manufacturing capability to supply three standard IHI panel production lines - enabling the Company to be able to supply construction companies and developers as well as joint venture partnerships with the IHI system worldwide. The Company has received more than $7.5 million Cdn. as irrevocable down payments on license agreements to date for the joint-venture factories. IHI's goal over the ten years following commercial production is to capture 1% of the global construction market, with 100 joint venture partner facilities in operation around the world. The six-axis welding and plasma cutting robots are fitted with the latest touch-sensing and power source equipment. They are controlled by an advanced and secured touch screen computer system linked to the IHI computer network. Unique material handling equipment has been developed for the steel frames manufactured by IHI's roll-forming line for panel sizes up to 12' x 40'. Included in the package are special fencing systems with proper radiation shields and emergency sensors for safety management. The company is hiring new staff on an ongoing basis as the production process commences. Currently the Company is looking for an in-house Chief Structural Engineer (P. Eng.), Chief Production Manager, and Chief Estimator. Further details will be posted on the IHI website (www.ihi.ca) The Company takes this opportunity to wish every reader of this News Release the very best of the New Year, and to thank IHI shareholders for their continuous support. International Hi-Tech Industries Inc. is a company whose principal business is the development and commercialization of a new building system in Canada, and internationally through its subsidiary, IHI-International Holdings Ltd. ON BEHALF OF THE BOARD OF DIRECTORS "Roger A. Rached" _______________________________ ROGER A. RACHED, PRESIDENT * * * * * * * * THE CANADIAN VENTURE EXHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. =========================================================================== Copyright (c) 2000 INTERNATIONAL HI-TECH INDUSTRIES INC. (IHI) All rights reserved. For more information visit our website at ihiintl.com or send mailto:info@ihiintl.com Message sent on Wed Jan 3, 2001 at 6:10:48 AM Pacific Time ===========================================================================