NEWS RELEASE TRANSMITTED BY CCN NEWSWIRE - A SERVICE OF ITG
FOR: NAPIER ENVIRONMENTAL TECHNOLOGIES INC.
TSE SYMBOL: NIR
MAY 1, 2001 - 09:01 EDT
Napier Environmental Technologies Inc.: U.S. Military
VANCOUVER, BRITISH COLUMBIA--Napier Environmental Technologies
Inc. (TSE:NIR) is pleased to announce the signing of a
distribution agreement with Aero-Chem, L.L.C (Aero-Chem). The
agreement gives Aero-Chem the right to distribute Napier products
to the U.S. Army, U.S. Marines, U.S. Air Force and the U.S. Navy
Aircraft. Aero-Chem has identified applications for the Napier
products for the restoration of aircraft, ground transport
vehicles and military buildings.
As part of the agreement Aero-Chem will pursue the Military
Specifications Approvals necessary for the military to buy the
Napier products. This nonexclusive agreement includes minimum
purchasing levels over the first three years of the agreement and
gives Aero-Chem the right to distribute throughout the USA.
Aero-Chem is a company privately owned by Mr. Chris Hensley and is
located in Detroit, Michigan. Mr. Hensley is retired from the US
Military and has been selling chemical products to the military
for 20 years. The Napier products fit in well with Aero-Chem's
existing product line; both companies are excited about the
potential uses and applications of the SARA Technology for
refurbishment projects by the US Military.
On Behalf of the Board of Directors
Bradley T. Aelicks, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Napier Environmental Technologies Inc.
The Toronto Stock Exchange neither approves or disapproves the
contents of this news release which has been prepared solely at
the discretion of management.