Airtech Expands Franchise & Hires New VP.Business Editors DALLAS--(BUSINESS WIRE)--Aug. 8, 2000 Airtech International Group, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AIRG AIRG Association pour l'Information et la Recherche sur les maladies rénales Génétiques AIRG Asociación Independiente de Radiodifusoras Guatemaltecas (Independent Association of Guatemalan Broadcasters) ) announced today the Company is scheduled to open ten new Airsopure locations this August 2000. Airsopure V.P. Franchising, Scott White, stated, "The demand for the Airsopure franchise is overwhelming. We are scheduled to open new Airsopure franchises in the following cities: Chicago; Detroit; Jersey City, N.J.; Tampa, Fla.; Lafayette, La.; Baton Rouge Baton Rouge (băt`ən r zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.; Midland/Odessa, Texas; Tyler, Texas; Cookeville, Tenn.; Tuscaloosa, Ala." White added, "Our goal is to open and support 100 new locations, and based on market reception, we are definitely on track." Many types of people that have been attracted to the Airsopure franchise opportunity, to include professionals and a large number of people from the Direct Sales Industry. The target franchisees are people in America that have sold vacuums, water purification products, and home improvements -- that are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a success story. White adds, "The most unique part of our franchise program is that it is based on a proven and documented format and that almost anyone can learn." Airsopure Franchises start at $15,000 per populous. This projected stair step growth of the franchise network is forecasted for 100 new franchises this year. Individual franchise projected revenue is estimated to be in excess of $500,000 per year, per location from date of opening. These sales projections are exclusive of other revenue streams such as: Commercial Sales, Government Sales and other National Accounts. Airtech also hired new VP of Franchise Administration, Todd Jones. Mr. Jones is a franchising professional with over 10 years of hands-on experience. He is proficient in all phases of administration of domestic and international franchise agreements as well as franchise relations. Mr. Jones was the former Director of Franchise revenue for Metromedia Restaurant Group Metromedia Restaurant Group is a United States casual dining company that operates and franchises more than 800 restaurants under the names Bennigan's, Bonanza, Ponderosa, Steak and Ale, The Plano Tavern, The Southlake Tavern and the 29 Degree Tavern. , the franchisor of Bennigan's, Steak & Ale, Ponderosa and Bonanza Restaurants. Airtech first achieved market recognition with its air purification technology by providing a simple solution using advanced technology and engineering allowing smokers and non-smokers to co-exist in restaurants and bars. Some of its growing corporate customer list include: TGI TGI Tribunal de Grande Instance TGI Target Group Index TGI Thank God It's Friday (US restaurant chain) TGI Tracheal Gas Insufflation TGI Tumor Growth Inhibition TGI Trato Gastrointestinal (Portugese) Friday's, Alphagraphics, El Chico's, Bennigan's, Del Frisco's Double Eagle Steakhouses, Sullivan's, Oklahoma State Capital and numerous others. Airtech's primary focus is on hospitality, prints shops, schools, hotels, office buildings, casinos, medical facilities and residences. Airtech International Group, Inc. (www.airtechgroup.com), is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. under the symbol (OTCBB:AIRG). Airsopure, Inc., (www.airsopure.com) is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Airtech, was founded in 1997, and has a large number of franchisees throughout the United States, Canada, Europe, and Asia. Prospective franchisees may obtain more information via Tel: 972/960-9400, or Fax: 972/960-9395. Investor Inquiries may be obtained from Stock Enterprises at stockenter@aol.com or Tel: 702/614-0003. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward looking statements. The Company is not required to update its forward looking statements. These risks are described in the Company's Form 10-KSB for the fiscal year ending May 31, 1999, and form SB-2A, July 2000, filed with the SEC. |
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