2-11-03 P.R. inside.
Technology Connections Announces Intent to Acquire Insul-kor, Inc.
Tuesday February 11, 2:52 pm ET
CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 11, 2003--Technology Connections, Inc. (OTCBB:TGYC - News) announces signing of letter of intent to acquire Insul-kor, Inc., a profitable Indiana based manufacturer of structural insulated panels (SIP).
Insul-kor, Inc. is licensed in most all states and services six foreign countries. Insul-kor panels are fabricated to builder/customer specifications and can carry the PE seal of approval.
Specific terms between Technology Connections, Inc. and Insul-kor, Inc. will be announced in a later press release upon finalization of the acquisition.
Kevin Kyzer, CEO Technology Connections states "We are very excited about the opportunity to offer this advanced technology for home construction to our builder clients. Combining our technology installation products with innovative building products is a good fit for our future growth plans. We believe that Insulkor, Inc building products is the future for all home fabrication and structures and many of the world's major builders. Companies like Pulte Homes, have already begun to purchase their own manufacturing plants to make the change to custom insulated panel building."
About Insul-kor, Inc.
Insul-kor, Inc., is a well respected manufacturer of structural insulated panels and one of the best track records in the industry (zero failures or separations in it's 18+ year history) all panels can be PE sealed, all fabrication (cutting out of doors, windows, wiring, outlets can be included in its pricing (which is normally less than any competitors). The units, whether for commercial, homes, churches, or schools can carry an energy star rating.
"You can slash energy costs by up to 50%. Because SIPs create a tighter building envelope than conventional insulation, your builder can actually reduce the size of heating and cooling equipment. That reduces costs immediately." Quote from www.sips.org
"The federal government and military spend over $10 billion annually on energy management products and services. Presidential Executive Order #13123 directs all federal agencies and the U.S. Post Office to reduce their energy consumption by 35% no later than 2010." Quote from www.sips.org
Technology Connections integrates into new and existing homes the latest technologies available for home automation, security, video surveillance, Internet Connectivity, home entertainment. Technology Connections' methods benefit the homebuilder and the buyer by being the single source of all the home's electronic wiring and equipment needs. Cahners In-Stat Group estimates that the home networking integration business will increase from $600 million today to $5.9 billion by 2004. Technology Connections provided planning, installation and support of its products to over 500 homes in its first year of operation.
Visit our website: www.connect2technology.com.
EZ
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