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Tuesday, April 23, 2002 9:58:27 AM
Summit Environmental Announces International Update
Business Editors
LONGVIEW, Texas--(BUSINESS WIRE)--April 23, 2002--Summit
Environmental Corporation, Inc. (OTCBB:SEVT) Strategic Alliance
partners received certifications or market approvals resulting in
initial product sales in several areas around the world.
Canada -- The agreement with 614575 Alberta Limited doing business
as Just In Case Fire resulted in an agreement giving Alberta Limited
the exclusive rights to market FlameOut(R) and FirePower 911(TM).
Summit will not sell FlameOut(R) to any competing company trying
to duplicate the Fire Caddy or the Just In Case Fire System. In return
Summit sells FlameOut(R) for each unit to Alberta Limited for resale.
After the sale of FlameOut(R), Summit receives a royalty from the sale
of each unit. Sales of FlameOut(R) began in March and are continuing
on a regular basis.
Alberta Limited is involved with the sale of FlameOut(R) to
volunteer fire departments for supply necessary for wetlands reserves
and the Canadian Forestry Service. Alberta Limited is involved with
marketing FirePower 911(TM) to specific market retailers related to
camping and outdoors. The first order of FirePower 911(TM) is in
progress.
South America -- Chilean ratings for FirePower 911(TM) for Class A
and B fires have been completed. The first customer for FirePower
911(TM) in Chile is the Carabineros (20,000 Federal Police). FirePower
911(TM) will be part of each officer's equipment belt.
FlameOut(R) evaluation for The Mercosur (Brazil, Argentina,
Uruguay, and Paraguay) has evolved into an agreement to complete
blending of FlameOut(R) in Argentina. Freight, tax and import
incentives are very favorable for products manufactured in Argentina.
The company through South American partner, MPI, is dealing with
Petrobras.
One of the requirements for sale by Petrobras to companies and
departments within the Mercosur requires that the product be
manufactured in an affiliate country. Production of FlameOut(R) in
Argentina will provide locally manufactured product in order to match
the product which the company has already shipped to Brazil and been
tested.
The product manufactured in Argentina will be the concentrate
manufactured by BioGenesis containing the Company's patented formula
minus a couple of identifiable ingredients which will be purchased in
Argentina and Brazil. The addition of water and the blending process
occurring in Argentina will satisfy the requirements for Petrobras and
The Mercosur Countries.
The company will receive a royalty per gallon for product
manufactured in South America.
Europe -- Pyrogen UK Limited of Manchester, England was
instrumental in securing approval of FlameOut(R) as an approved
replacement for 3M's AFFF. The initial approval came from Poland,
whose certification is posted on the company website. Product sales
began in March and the next shipment is being prepared.
Scandinavia -- Tecno Supplies sells FirePower 911(TM) and
FlameOut(R). Initial customers and testing were for the Norwegian Air
Force and Exxon of Norway.
Mexico -- Recently the company reported the approval of
FlameOut(R) replacing AFFF at Pemex Oil Company of Mexico. In addition
to FlameOut(R) sales, the company is working contaminated site
reclaimations and remediation projects for Pemex. The Company will be
attending clean-up demonstrations this week for both projects.
China -- The recently announced agreement with Tianfa Corporation
and Tianyang Group of The People's Republic of China requires the
securing of registration licenses in China. Representatives from China
will be observing contract filling of aerosol cans at one of the
fillers used by Summit.
Summit sells FlameOut(R) concentrate to Tianyang for filling
aerosol cans in China. In addition to selling FlameOut(R), the company
will receive a royalty from the sale of each can produced.
"We are seeing sales of products to all of these venues. They have
been a long time in developing. However, the upside for sales in these
markets are very large. In addition, the first quarter report for 2002
will show significant reductions in overhead and expenses," states
Keith Parker, Summit CEO.
EXCEPT FOR THE HISTORICAL INFORMATION CONTAINED HEREIN, THE
MATTERS SET FORTH IN TODAY'S PRESENTATION ARE FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO RISKS AND
UNCERTAINTIES THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY.
THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE HEREIN.
SUMMIT DISCLAIMS ANY INTENT OR OBLIGATION TO UPDATE THESE
FORWARD-LOOKING STATEMENTS.
--30--SW/ph*
CONTACT: Summit Environmental Corporation, Inc.
Keith Parker, 800/522-7841
KEYWORD: TEXAS
INDUSTRY KEYWORD: BANKING MANUFACTURING
SOURCE: Summit Environmental Corporation, Inc.
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*** end of story ***
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