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NAPIER ENVIRONMENTAL TECHNOLOGIES INC. (NIR)

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Last Post: 10/22/2004 6:47:54 PM - Followers: 0 - Board type: Free - Posts Today: 0

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 Distribution Signed 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 -30- FOR FURTHER INFORMATION PLEASE CONTACT: Napier Environmental Technologies Inc. Don Mosher (604) 801-6664 Email: nir@direct.ca Website: www.napierenvironmental.com The Toronto Stock Exchange neither approves or disapproves the contents of this news release which has been prepared solely at the discretion of management.
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#1   Sir Cruz 10/22/04 06:49:15 PM
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