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An Increase in their contracts this year could bring the price of the stock above the $5. Their product: American Surface Technologies International, Inc. (OTC BB: SURF) announced today the successful installation of Canada's first commercial playground site using "SafetyPlay" (patent pending), the world's only pre-packaged "Pour in Place" 100% recycled rubber surfacing solution for the nation's playgrounds, and ultimately, our children's safety. The City of Calgary and the Calgary Injury Prevention Coalition joined forces with SURF to install Canada's first commercial site (the first of several scheduled sites throughout North America) at Christie Park (Ward 6), in Calgary, Alberta, Canada. The Christie Park installation is a primary example of the pro-active stance that municipalities across our nation are taking regarding surfacing and resurfacing playgrounds to ensure a safer environment for our children. Wayne Baptist, a foreman with The City of Calgary Parks & Recreation, said "...this unique product is affordable, allows for handicapped access and is maintenance free. We have more than 400 city playgrounds (in Calgary alone) that still have a shale surface -- and that is unacceptable." "This is a new product that will help make playgrounds safer for our children while helping our environment," said Ward 6 Alderman Dave Bronconnier. "SafetyPlay" is an environmentally responsible, user-friendly solution to the growing concerns for children's safety in playgrounds. The new technology utilizes recycled tires combined with pre-mixed polyurethanes, creating a soft, pliable, energy-absorbing, rubber surface for playgrounds and other recreational areas where children can experience falls. "SafetyPlay" is unlike any other rubber surfacing product. Through a patented process, "SafetyPlay" puts "The Science in the Drum" and eliminates the need for on site mixing of chemicals, binders and raw materials. It reduces the number of installers required, eliminates the need for technicians and cuts labor and equipment costs by 25-80%. Market demand for "SafetyPlay" is being driven by the latest federal legislation dealing with Safety and Head Impact Criteria as specified for playgrounds in compliance with the Consumer Product Safety Commission guidelines and the requirements of the Americans with Disabilities Act. Improper surfacing material under playground equipment is the leading cause of playground related injuries. New federal, state and municipal legislation around the world are driving forces in creating a safer environment for our children. In the U.S. alone, it is estimated that there are approximately 1,000,000 playgrounds that have inadequate protective surfacing. It will require an estimated $10 billion in safety product to correct this situation alone. This figure does not include the large existing markets for this product in daycares, recreational facilities, track and field, and the endless do-it-yourself home applications that "SafetyPlay"'s ease of installation offers. "Our goal is to position 'SafetyPlay' in the market as the product of choice for contractors, suppliers and end-users, by giving them a unique product that meets both legislative and industry demand," says Ralph G. Scobie, President and C.E.O. of SURF. "SafetyPlay" is designed and manufactured at the company's production plant, located on the outskirts of Calgary, Alberta, Canada. This facility is the first of a series of full-scale production facilities scheduled throughout North America and Europe. American Surface Technologies International, Inc., exclusive manufacturer and distributor of "SafetyPlay", is a publicly traded company listed on the NASD OTC Bulletin Board under the trading symbol "SURF". Forward looking statements and comments in this press release are made pursuant to Safe Harbor Provisions of the Securities and Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to complete the transaction and enhance operating results, are necessary subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future. | ||||||||||||||
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