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To: SSP who wrote (57922)8/3/2000 3:42:48 PM
From: SSP  Read Replies (1) | Respond to of 150070
 
SRCR - Semper Resources, Inc. Announces Completion of Definitive Agreements re Acquisition of NORAD, Inc.

SPOKANE, Wash., Aug 3, 2000 (BUSINESS WIRE) -- Semper Resources, Inc.,
(OTCBB:SRCR) announced today that it has finalized the definitive agreements for
the acquisition of Washington-based NORAD, Inc., a privately held corporation,
specializing in the consolidation of environmentally related businesses, The
transaction has been agreed upon with control of Norad already tendered to
Semper. Final closing and filing Form 8K will be timed to completion of Norad's
June 30 year end audit. To take advantage of immediate acquisition opportunities
Norad has agreed to allow Semper immediate access to its industry consolidation
strategy. Semper will implement aggressive action to bring the potential of
Norad's program to the Company.

Norad, Inc., founded in 1998, has spent the last 2 years developing a strategic
technology IESCRETE(TM), a proprietary chemistry for the treatment of
contaminated soil and stabilization, as well as innovating and perfecting its
unique consolidation program. IESCRETE(TM) is a proprietary chemistry for
contaminated soil solidification and stabilization. This process binds toxins
and surrounding soils into a hard, cement like product which is safe and
suitable for reuse in applications such as road bases. The recycling potential
of IESCRETE(TM), and its cost efficiency, makes it a product of the future as
the United States begins to approach environmental remediation with a recycling
perspective similar to European developments. IESCRETE(TM) is also highly
effective in other applications such as closing and capping mine tailings. In a
recently completed EPA sponsored one-year test of technologies available for in
place mine tailings capping, IESCRETE(TM) was identified as the most effective
and inexpensive process. Norad expects the potential for this product to expand
exponentially over the next 5 years.

"Completion of this transaction will mark an exciting time for NORAD," said Mr.
Galen Loven, President and CEO. "By leveraging our contamination services, we
will enable the Company to jump to the forefront of environmental remediation,
and are setting the standard by which future environmental applications will be
measured."

Speight & Associates, Inc. (www.privatelabelshells.com) a Florida based
management-consulting group, specializing in mergers, acquisitions, and
corporate funding, were involved in structuring & facilitating the transaction.

Safe Harbor Statement: Certain information included in this communication
contains statements that are forward-looking, such as statements relating to the
future anticipated direction of the industry, plans for future expansion,
various business development activities, planned capital expenditures, future
funding sources, anticipated sales growth and potential contracts. These forward
statements are subject to a number of known and unknown risks and uncertainties
that could cause actual operations or results to differ materially from those
anticipated.


CONTACT: Norad Corporation, Spokane
Galen Dean Loven, Ph.D., President and CEO
509/535 4514
Fax: 509/535 2376
or
Speight & Associates, Inc, Ocala, Fla.
Tim Ellis, 352/690-1633
Email: timellis@erawest.com
or
Wall Street Financial Services
407/672-4848