TUCSON, Ariz., September 24, 2003 (PRIMEZONE) -- Environmental Technologies Inc. (Pink Sheets:EMTI) announced today that it has received prototypes of its first two Finder security devices, the Gadget Finder and Kinder Finder, ahead of schedule. One minor modification is being carried out on the Kinder Finder prior to the commencement of independent testing for both devices. Field testing under a variety of conditions and circumstances will follow thorough laboratory testing in order to clearly establish the effectiveness and dependability of these promising security devices.
Gadget Finder -- represents an inexpensive way to prevent the loss or theft of portable electronic gadgets such as cell phones, PDAs, laptops, CD players, etc. Misplaced or stolen cell phones and other electronic valuables number in the millions every year in the US and that figure continues to rise. While stolen cell phones can be replaced relatively quickly, the same cannot be said for a laptop computer that contains volumes of files and information critical to the owner's business and personal needs.
Kinder Finder -- consists of a tiny device hidden on a child's person that will allow the parent to pinpoint the location of that child to within 1,000 square feet anywhere in the world at any time. If a parent and child get separated in public, the parent can immediately determine, from a pocket held unit or 'medallion,' the direction in which the child has wandered off, and the distance to the child. With kidnappings and reports of missing children having risen to an all-time high in the US, Kinder Finder addresses an urgent societal need that is vital to every parent or guardian.
Environmental Technologies' products currently being developed for specific market applications include short and long-range detection devices that can be hidden in clothing, or on valuables, and that will emit signals to loved ones or owners of articles. The technology provides a capability that is ideal for families living in fear of their children being kidnapped, or of having elderly family members, suffering from dementia or any other form of memory loss, wander off aimlessly without their loved one's knowledge. Alarmingly, kidnapping in North America has risen to an all-time high of over 800 persons per day! "Find-A-Shipment," enabling real-time shipment tracking is another promising application under development, and the introduction of a device that will be embedded in credit cards, passports, etc, to thwart theft and quickly located lost cards is expected to follow. We believe that our product range admirably addresses these growing security needs, and that the marketplace will enthusiastically receive them as they are introduced.
The statements made in this press release, which are not historical facts, contains forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. Actual results of the specific items described in the release, and the company's operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.