MAINZ, Germany, Feb. 7, 2006 (PRIMEZONE) -- Coattec Industries, Inc. (Pink Sheets:CTCK) announces that the Company has signed an exclusive agreement with Meinecke Dachtechnologies, based in Wiesbaden, Germany, to be their exclusive exporter of roofing technologies from Germany to the United States.
The agreement covers all of Meinecke Dachtechnologies' product lines, however Coattec will initially focus on exporting ridge vents for tile roofs that are becoming increasingly popular in the U.S. Meinecke is currently preparing samples of specific types of ridge vents that both companies believe will have the most marketability in the United States.
Bernd Meinecke, President and CEO of Coattec Industries, commented, "We are very excited to officially begin our overseas import/export operations with this agreement. Meinecke Dachtecnologies produces top quality roofing products and its ridge vents have achieved great success in the European market. With these ridge vents quickly gaining popularity in the United States single housing markets, we see great potential to generate significant revenues in this venture."
For further information, please visit www.coattecindustries.com.
About Coattec Industries, Inc.
Coattec Industries owns the exclusive license to technology to create a proprietary coating that has applications in various industries, primarily the residential housing market. The main use of the Company's coating will be for roofing foils and housewraps that provide insulation and a humidity barrier while inhibiting the growth of mold in new homes. The coating's antibacterial properties make it useful in other industries including the home improvement industry as filters for air conditioning units, the automotive industry as a potential replacement for PVC, and the glass industry for abrasion control.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.