BABYLON, NY, Nov. 27, 2006 (PRIME NEWSWIRE) -- Stuart Leviton, President and CEO of Integrated Camera Optics, Corp. has stated that IGCO has completed its acquisition of 20% of Cold Fire Forestry Division, Inc. for 10 million common shares of IGCO stock.
Cold Fire Forestry Division, Inc. (CFD) is the exclusive distributor of Cold Fire for the U.S. Federal and State Governments. Cold fire is manufactured by FireFreeze Worldwide, Inc. of Rockaway, NJ (http://www.coldfireforestry.com/).
Cold Fire has been tested and approved by Underwriters Laboratories in the United States and Canada. The U.S. Environmental Protection Program has listed Cold Fire on their S.N.A.P. (Significantly New Alternative Policy) Program Vendor List. This list contains products that are considered acceptable alternatives to toxic products on the market today. Through the efforts of CFD the U.S. Forest Service Fire Laboratory conducted an 18-month test program of Cold Fire. As a result Cold Fire is now listed on their Qualified Product List (QPL) as an approved agent for wild fire applications.
Cold Fire surpasses other products on the QPL in terms of health and safety hazards and use restrictions.
CFD has successfully sold Cold Fire to government Forestry authorities.
The Forest Service is an agency of the U.S. Department of Agriculture. The Forest Service manages public lands in national forests and grasslands, which encompass 193 million acres.
The FY 2007 President's Budget request for the Forest Service totals $4.1 billion in discretionary appropriations and an estimated $769 million in mandatory appropriations (permanent appropriations and trust funds).
IGCO in conjunction with CFD is developing a marketing plan which will be implemented in the first quarter of 2007.
For more information, please visit our corporate site at: http://integratedcameraoptics.com/.
Statements contained in this release which is not historical facts may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not a guarantee of future performance. Unknown risks, uncertainties, as well as other uncontrollable or unknown factors could cause results to materially differ from the results, performance, or expectations expected or implied by such forward-looking statements.