MONTREAL, Aug. 3, 2005 (PRIMEZONE) -- Beluga Composites Corporation (Pink Sheets:BGCC), a leading Manufacturer of underground flammable-liquid storage tanks -- owns the only technology in the world which has earned both of the Underwriters Laboratories UL 1316 and ULC-615-S certifications for fiber glass reinforced plastic (FRP) underground storage tanks for petroleum products -- today announced that they have entered into a one-year agreement with Wynnco Marketing, LLC to provide Lead Generation and Awareness programs that will be delivered via permission-based video email campaigns to prospective investors.
Wynnco Marketing uses sophisticated Internet delivery software programs coupled with rich media to targeted investor profiled email subscribers. Demographic profiles are targeted with a high degree of granularity increasing the penetration and relevancy to potential prospects inclined to examine and invest in Public emerging growth companies.
"We have been looking for a Marketing company 'Partner' that would create and deliver our Company's unique market position message to the public and found Wynnco Marketing to offer most innovative and cost effective programs to increase our stock's value," said Dean Panofsky, President and Chairman of the Board of Beluga.
"Beluga needed mass penetration programs that could effectively distribute their message to the 'investor' public and they needed them now" said Grant Wynn, President of Wynnco Marketing, LLC, "and with the volumes of exciting news that is being generated daily by Beluga, we were excited to have the opportunity to supply our services and deliver their message."
Beluga Composites Corporation announced today that they have retained council of:
FELDMAN ROLLAND, GPGP and FELDMAN WEINSTEINWEINSTEIN LLP 5, Place Ville Marie 420 Lexington Avenue Suite 1108 New York, Montreal, Qc, Canada H3B 2G2 New York , USA 10170-0002 Att: Michel Lebeuf Att: Adam Mimeles
On April 25th, 2005, the company entered into a definitive agreement with Panox Petroleum Products Inc. ("Panox"), a Canadian corporation based in Montreal, whereby Beluga acquired all of the shares of common stock of Panox and options to purchase common shares of Panox in exchange for common shares of Beluga.
The acquisition of Panox establishes Beluga as a world leader in the manufacturing and sales of UL and ULC certified underground flammable-liquid storage tanks, related accessories and oil/water separators. With operations already in Canada, and soon in the Philippines and India, Beluga is now poised to accelerate its planned growth in its field.
The technology owned by Panox for fiberglass reinforced plastic (FRP) tanks to be manufactured by Beluga, has been evaluated by a credible third-party at over U.S. $75 million.
Beluga now becomes the only company worldwide to hold the Underwriters Laboratories (UL) certification as well as the Underwriters Laboratories of Canada (ULC) certification for the quality of its FRP tanks and related products.
About Beluga:
Beluga Composites Corporation is a manufacturer of UST, related accessories and oil/water separators. Member of the Petroleum Equipment Institute, Beluga has the technology and holds the Underwriters Laboratories UL 1316 and ULC-615-S certifications for fiber glass reinforced plastic (FRP) underground storage tanks for petroleum products. We are the only company in the world which presently holds both the UL 1316 and the ULC-615-S.
These two certifications were obtained after having produced a number of tank samples and undergone a series of exacting tests supervised by the Underwriters Laboratories.
Beluga manufactures single wall and double wall FRP UST that are of higher quality and environmentally safer than steel tanks, being 100% corrosion resistant. Moreover, Beluga's tanks are produced using the next generation FRP UST technology, FILAMENT WINDING, and as such, they are mechanically and structurally superior to FRP tanks produced by the competition which still uses the first generation FRP UST technology, SPRAY UP, which depend on a structural type of back fill during installation. Beluga's technology which produces a structurally autonomous UST with fully integrated, physical characteristics independent of any consideration for the type of backfill to be used.
The key advantages of the Beluga manufacturing process are: efficient and computerized filament wound technology, consistent high quality controlled modularly designed products and competitive pricing.
The Beluga Composites Corporation logo can be found at http://www.primezone.com/newsroom/prs/?pkgid=1604