Airtech Signs Major International Contract.Business Editors DALLAS--(BUSINESS WIRE)--Nov. 27, 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 signing of a three-year exclusive Distributor Agreement for its Airsopure indoor air filtration and purification products with Grupo Empresarial, S.A., (GESA GESA General Equipment Support Activity GESA General Electric Supervisory Association GESA Grid Economic Services Architecture ) based in the Republic de Panama. The Agreement encompasses distribution rights to GESA for selected South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Central America countries, and includes the countries of Republic de Panama, Columbia, Ecuador, Chile, Brazil, Argentina, Venezuela, Uruguay and Paraguay. The Agreement includes the purchase of a minimum, USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $750,000 of Airsopure products over the three years. GESA is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that has close relationships with governments, and a number of major construction, hospitality, health care and gaming operations throughout Latin America. GESA's Chief of Operations, Adolfo Quelquejeu stated, "There is a tremendous need for Airsopure air filtration products throughout South America and Central America. We view this Agreement with Airtech as a great business opportunity to serve the needs of the hospitality industry, hospitals and other health care operations, schools, office buildings and government buildings. We are already setting up major operations in five of our offices strategically located throughout South America and Central America. We have excellent business relationships with a large number of government operations and private businesses throughout this part of the world, that we feel will result in a large number of sales in this untapped market, and make us the major source of air filtration equipment in this part of the world." Airtech's President, John Harris commented, "The signing of this Agreement with GESA will dramatically expand Airtech's distribution channel, and it supports our objective to aggressively market our industry leading air filtration technology throughout the world. GESA is a very well capitalized company that has excellent management leadership, and the distribution channels to successfully market hundreds of thousands of dollars worth of Airsopure products on an annual basis. They are extremely well positioned in South America to optimize sales in this part of the world for both themselves and the products and services of Airtech." 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 number of franchisees throughout the United States, Canada, Europe, and Asia. Prospective franchisees or distributors may obtain more information by contacting the Company at 972-960-9400, or Fax: 972-960-9395. Investors may obtain more information by contacting Airtech - IR, James Stock, of Stock Enterprises, 702-614-0003 or stockenter@aol.com. Forward looking Statements in this document that are not historical fact are forward-looking statements" as that term is defined in the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends that we anticipate in our industry and our good faith estimate of the effect on these trends of such factors as industry capacity, product demand and product pricing. These statements are also subject to risks of operations to differ materially from those reflected in our forward-looking statements. These risks are described in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , filed September 7, 2000, and Form SB-2 filed September 8, 2000. |
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