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