NORTH PALM BEACH, Fla., Nov. 12, 2004 (PRIMEZONE) -- SUNCOAST NATURALS, INC. (OTCBB:SNTL) announced today that it had entered into an exclusive manufacturing and marketing agreement with Intervivaz, Inc. of Perth, Australia, which developed and manufactures the proprietary line of Archistone(tm) engineered limestone building materials. The Company has obtained exclusive rights to manufacture and market the Archistone(tm) product line in the North American Market, and will work with Intervivaz to establish a manufacturing plant in the South Florida area by the first quarter of 2005. The Company projects that this new venture will add an additional $10 million to $15 million in revenue to the Company during calendar year 2005.
Mr. Tony Cammarano, the Chief Executive Officer of Intervivaz, will join the Board of Directors of the Company and supervise the construction of the manufacturing facility, which will feature a state-of-the-art, modular-built concrete batch plant provided by Officine Piccini of Italy, as well as technology provided by Intervivaz. Mr. Cammarano, who has 18 years of manufacturing, engineering and product development experience with business operations in Australia, Taiwan and the United States, will also serve as Chief Operating Officer (COO) of the Company effective immediately.
As a result of this new venture, the Company will, prior to December 31, 2004, reorganize its existing suncare/skincare/nutritional supplement products into a separate marketing division under its wholly-owned subsidiary OptiLiving, Inc. In order to more fully reflect its diversifying product lines, the Board of Directors of the Company has approved a name change to "Suncoast Industries, Inc." which will also take effect prior to December 31, 2004.
The Suncoast Naturals, Inc. telephone number is (561) 676-1977, and the Company's informational and Internet-sales website is www.suncoastnaturals.com. The informational website for the Archistone(tm) product line is www.archistone.com.au.