Insultex Update in recent Filing
In February 2012, we announced in a press release that our House Wrap product had drawn the interest of several large
homebuilders and that samples had been sent to them for evaluation. In order for such homebuilders to buy our House Wrap it
must have an ICC certification. ICC is the International Code Council. We are in the process of having a testing machine built that will ensure the House Wrap complies with ICC standards. We expect the testing machine to be completed in June, 2012. We are
also in advanced discussions with a large nationwide retailer to sell our House Wrap. We are using an independent sales force
experienced in this industry.
The House Wrap Product will be produced, on a purchase order basis, by a third party manufacturer located in the Northeastern
section of the Unites States. The finished product will be stored at our warehouse facility and at the manufacturer’s plant.
We are also having a seam tape, made to our specifications, produced that will be sold with the House Wrap.