Primix Corporation (PMXX)

[hellothere]

ATWOOD, Ind., Apr 2, 2003 (BUSINESS WIRE) -- Primix Corporation (Pink Sheets:PMXX) has secured a $10 million dollar facility in Qingdao, China through the acquisition of the stock of a Canadian corporation, Maple Tree Industrial Technologies, Inc., in exchange for Primix Corporation stock. The acquired company, Maple Tree, is the majority shareholder of Qingdao Maple Leaf Environmental Technology Inc., which has a plant in Qingdao, China.

The Primix China plant is a new 60-acre complex complete with a 70,000 sq. ft. production facility, including a three-story office complex, a warehouse, two engineering buildings, a canteen, and multiple three-story buildings to house employees. The production capability of this new plant is 2,000,000 crossties/sleepers per year.

Primix President and Technology Developer, Carl Fischer, projects, "The China plant should be operational in late May to early June of 2003. We are excitedly anticipating the acceptance of the Primix tie in the China markets."

Prior to the acquisition of Maple Tree, Primix terminated the exclusive license agreement with Sagamore Railway Technologies, LLC (aka, Primix Railway Technologies, LLC) to produce and market the Primix tie.

This press release contains forward-looking statements identified by words such as "believe," "expect," "anticipates" and similar expressions. Actual results might differ materially from those projected in, expressed in or implied by the forward-looking statements. Primix Corporation cautions investors not to place undue reliance on forward-looking statements, which speak only as to management's expectations on this date.

Some paragraphs of this press release, particularly those describing Primix's strategies, operating expenses reductions and business plans, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended and Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Primix is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including difficulties in marketing its products and services, need for capital, competition from other companies and other actors, any of which could have an adverse effect on the business plans of Primix, its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Primix's results of operations. In light of significant uncertainties not included in the forward-looking statements herein, the inclusion of such information should not be regarded as a representation by Primix that it will be achieved.


CONTACT: Primix Corporation
Carl Fischer, 574/858-0069
http://www.primixcorp.com/
[e-mail]

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KEYWORD: INDIANA CHINA INTERNATIONAL CANADA ASIA PACIFIC
INDUSTRY KEYWORD: TRANSPORTATION
MANUFACTURING
MERGERS/ACQ
SOURCE:
Primix
Corporation


STOCK SYMBOLS: [(pmxx)]