Primix Corporation (PMXX)

[oneluckyguy]

Primix Announces Exclusive North American License
Primix Corporation (OTC:PMXX), developer of the "Primix Tie," is pleased to announce that it has entered into an exclusive North American and Mexico license agreement with Dynamic Composites, LLC, which is substantially owned and controlled by Steel Dynamics, Inc. Under the license agreement, Primix received a license fee for granting Dynamic Composites the exclusive right to manufacture, market, and distribute the composite ties throughout North America and Mexico. Primix will also receive certain royalties based upon the sales of the composite ties throughout North America and Mexico during the term of the license agreement. Carl Fischer, President of Primix Corporation, stated that, "We are proud to entrust Dynamic Composites, LLC with an exclusive North American and Mexico license for our composite tie and believe that both have the potential to benefit under the license agreement. Steel Dynamics, Inc. is a highly respected and successful domestic steel supplier and our composite tie fits very well with the product mix to be offered by the structural and rail division of Steel Dynamics, Inc." Fischer added, "The financial benefits provided to Primix under the license agreement should further assist us with efforts to license our composite tie technology internationally and to move forward with the manufacture and marketing of the "Primix Tie" in China under our April 2005 Joint Venture/License Agreement with Qingdao Maple Leaf Environmental Technologies, Inc."

In addition, the "Primix Tie" has been extensively tested during in-service trials at the Transportation Technology Center in Pueblo, Colorado. Primix estimates its composite tie to have a service life of 60 years, compared to a life of 10 to 15 years for creosoted hardwood ties. Primix also believes that the composite tie offers other advantages, including greater vibration dampening, which will result in a smoother ride, less wear on railway equipment, and reduced rail bed maintenance. Weighing about 50 percent more than traditional wooden ties, the composite ties can handle heavier railcar loads and can be installed with wider spacing than the wood counterpart. The ties further provide better lateral stability, which helps to hold the gauge of the rail tracks and promote better locomotive fuel efficiency.

About Primix Corporation:

Founded in 1996, Primix Corporation is the developer of a revolutionary patented combination composite railroad tie intended to serve the world railroad market. The combination is a steel reinforced concrete core encapsulated in a recycled composite shell. Primix railroad ties are manufactured from recycled high-density polyethylene and recycled rubber. Their superior design and performance are projected to be significantly stronger and last significantly longer than traditional wooden ties. Primix holds patents on its composite railroad tie in the United States, Australia, and China. Worldwide patent applications have been filed and are pending in Canada, Mexico, Brazil, Europe, and Japan. For more information about Primix Corporation, please visit http://www.primixcorp.net.

Forward Looking Statements:

This statement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the "Act"). In particular, when used in the preceding statement, the words "interest", "anticipate", "assisting", "estimates", "projected", "believes", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, industry acceptance of the Primix composite railroad tie, availability of raw materials, equipment failures, labor disputes, competition, pricing pressures, and other risks detailed from time to time in the company's periodic reports filed with the SEC, other news releases, and publications.


Primix Corporation
Carl Fischer, 574-858-0069



Source: Business Wire (April 4, 2006 - 9:00 AM EDT)

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