American Insulock Announces Private Placement, US$ Trading.

BURNABY, British Columbia -- American Insulock, Inc. (CNQ:AIKI):

PRIVATE PLACEMENT

American Insulock Inc. (the "Company") announces that it has agreed to offer up to 5,000,000 units of its securities via private placement at a price of $US 0.10 per unit for total proceeds of up to $US 500,000, each unit consisting of one common share and one non-transferable share purchase warrant, with each such warrant entitling the holder to purchase one additional common share of the Company at a price of $US 0.15 per share for one year. The proceeds from the private placement will be used to develop a commercial production system to produce the Company's brand of insulating concrete forms (known as Insulock Blocks) and for general working capital.

US$ TRADING

The Company also announces that commencing August 27, 2004, the Company's shares will be posted for trading in $US funds, instead of $CDN funds. Accordingly, the Company's ticker symbol is being changed to AIKI.U.

CORPORATE UPDATE

At present, the Company is using its prototype moulding equipment to manufacture Insulock Blocks in small quantities and is keeping overhead costs at an absolute minimum. The Company intends to develop a commercial production system that will be enable the Company to produce sufficient Insulock Blocks to meet its current demand as well as its anticipated demand once the Company's products become better known.

Development of the Company's commercial production system is being led by the Company's vice-president of operations, Mr. Robert Jamieson, who has incorporated computer aided design and computer aided manufacturing (CAD/CAM) processes into the development of the Company's moulds. These approaches have reduced project lead times and increase the Company's manufacturing capabilities.

Mr. Jamieson, who is also a Company director, has an extensive background in manufacturing and aerospace tooling. Over the past 20 years Mr. Jamieson has owned and operated a pattern shop, a machine shop, an aluminum foundry, and a powder coating company. Mr. Jamieson, who is president of an Arizona based precision pattern corporation, has consulted for many aerospace companies including Honeywell, Sundstrand Aviation and Hamilton Sundstrand. Currently Mr. Jamieson and his team from the precision pattern corporation are developing components for the Joint Strike Fighter, which is being developed by Lockheed Martin Aeronautics Company. In the recent past Mr. Jamieson has produced tooling for the F-22 fighter jet and components for commercial aircraft.

During the ramp up phase for production of the Company's products, Mr. Jamieson and his team will make themselves available to the Company. At present Mr. Jamieson is running the Company's 100% owned manufacturing subsidiary with virtually no employment overhead and very little physical facility overhead.

The Company's core business is the manufacture and distribution of its brand of insulating concrete forms (known as Insulock Blocks), together with the equipment that is used to manufacture these blocks. Insulock 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 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.

On Behalf of the Board of Directors, American Insulock, Inc.

Enna Keller, President 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.