BURNABY, British Columbia, May 30, 2007 (PRIME NEWSWIRE) -- American Insulock Inc. (Pink Sheets:AILKF) (CNQ:AIKI.U) (the "Company") is pleased to announce that it has signed a contract with Exocore Industries Inc. for the exclusive rights to the Edmonton area of Alberta, Canada. Exocore is purchasing block molding equipment from the Company and will have exclusive rights to sell Insulock Blocks in that area. It is agreed by both parties that Exocore will be permitted to sell the Insulock Blocks anywhere in Alberta and surrounding areas until those territories are sold. The Exocore agreement includes the first right of refusal to purchase additional territories in Canada.
Interest in the Insulock Blocks remains very high in Alberta. Unlike traditional wood framing (or old technology), building with Insulock Block produces a highly insulated structure which is extremely stable. Homes built with Insulock technology in Alberta will see a huge energy savings.
Exocore has had many inquiries about building with Insulock and is currently negotiating several contracts.
The Company's core business is the manufacture and distribution of its brand of insulating concrete forms (known as Insulock(r) Blocks), together with the equipment that is used to manufacture these blocks. Insulock(r) Blocks are made of polyurethane rather than polystyrene (i.e., Styrofoam(r)), which is the material that is used by virtually every other manufacturer of insulating concrete forms. Insulock(r) Blocks are much stronger than polystyrene blocks and can be used to construct soundwalls and buildings that are highly effective at absorbing sound and that have an R-30 or R-38 heat insulating value.
For more information, contact Mrs. Enna Keller, Chief Executive Officer, at Tel. (604) 420-1428 and email info@insulock.com, or visit the Company's website at www.insulock.com.
On Behalf of the Board of Directors, American Insulock Inc. Per: Chief Executive Officer and Director
Canadian Trading and Quotation Systems Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Forward Looking Statements
Certain information set forth in this press release, including a discussion of future plans and operations, contains forward looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources, as well as risks inherent in operating in foreign jurisdictions, including varying judicial or administrative guidance on interpreting rules and regulations and a higher degree of discretion on the part of governmental authorities. Actual results, performance or achievement could differ materially from those expressed in or implied by these forward-looking statements.