Antek Awarded Contract; Expands Helsinki Operations.VALENCIA, Calif.--(BUSINESS WIRE)--July 13, 1998--Antek International (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AKIT), a distributor of private-label revolutionary coatings for graffiti graffiti Form of visual communication, usually illegal, involving the unauthorized marking of public space by an individual or group. Technically the term applies to designs scratched through a layer of paint or plaster, but its meaning has been extended to other markings. and corrosion, is pleased to announce that its Finnish subsidiary has been awarded a new contract by one of the largest insurance companies in Finland. ANTEK Finland OY, a subsidiary of Antek International, will also be expanding its operations and facilities in Finland as a result of the overwhelming response the company has received for its high-tech coatings. Antek Finland OY has been awarded the first of many anticipated contracts for the purchase and application of its anti-corrosion product, ANTEK-CORRO. The contract was awarded to Antek by The Tapiola Group, Finland s third largest insurance firm. This first contract calls for Antek Finland OY to coat and treat the metal roof of a large apartment complex in Helsinki. The Tapiola Group will be using this initial project as a means of evaluating the effectiveness of Antek s anti-corrosion products in the Finnish climate. It is expected that the application of ANTEKCORRO will extend the life of the structure. Upon successful completion of this real-life demonstration, The Tapiola Group may direct its insurees to protect their structures with Antek s products, which would be a great source of contracts for Antek. In addition, Antek Finland OY has expanded its facilities. Due to the frigid frig·id adj. 1. Extremely cold. 2. Persistently averse to sexual intercourse. Finnish winters, Antek is limited to applying exterior coatings in the warmer months. But, prior to starting any coating project, the company must do extensive testing of structure samples to determine the amount of corrosion or damage. This new facility will allow the company to do all of the necessary testing and set up in the winter. The warmer months can then be effectively used for exterior application. Antek International, a recent IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , is the distributor of several revolutionary coatings. These environmentally-friendly coatings form a thick, impenetrable im·pen·e·tra·ble adj. 1. Impossible to penetrate or enter: an impenetrable fortress. 2. Impossible to understand; incomprehensible: impenetrable jargon. layer, encapsulate en·cap·su·late v. 1. To form a capsule or sheath around. 2. To become encapsulated. en·cap rust, are pliant and prevent further damage from wind, water, weathering, UV rays and graffiti. The coatings industry is a $50 Billion a year business and Antek is expected to capture its fair share of this market! On the Internet: Visit our website - http://www.antek-international.com 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: The statements which are not historical facts contained in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve certain risks and uncertainties including but not limited to risks associated with uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company s filings with the Securities and Exchange Commission.
CONTACT: Enrique Salinas
727/441-8809
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