CTC CROWN COMPLETES PRELIMINARY DUE DILIGENCE ON MARATHON.

EDMONTON, Alberta--(BUSINESS WIRE)--Aug. 8, 1995--CTC CROWN TECHNOLOGIES (Alberta Stock Exchange: CCT ) CTC Crown Technologies Corporation ("CTC" or "the Corporation") is pleased to announce further to its Press Releases of June 28 and July 6, it has now completed preliminary due diligence on Marathon Coatings Technology Ltd. ("Marathon"). The Corporation's Board of Directors have agreed to complete negotiations to prepare and finalize contracts for the acquisition of Marathon, and to seek regulatory and shareholder acceptance of Marathon as a Major Transaction.

Marathon is a five year old, Alberta based company which is the developer and supplier of a number of innovative and unique, tested and proven fire retardant chemicals, paints, varnishes and coatings. The coatings can be applied to cloth, wood, steel, styrofoam and many other materials during manufacture, or to finished goods or facilities "after market". The products will appeal to industrial, commercial and consumer buyers. Marathon's products have been tested and approved by the Canadian Standards Association ("CSA") and the Underwriters Laboratories of Canada ("ULC"), and have just received Underwriter Labs International ("ULI") listings and approvals in the United States. These approvals open the U.S. and other international markets and will dramatically affect sales. The industry has no Canadian competitor and only one major U.S. supplier. Discussions have just begun with a major international paint company concerning U.S. distribution.

Industry Canada estimates the Canadian paint and coating market exceeds $1.6 Billion annually (1990), and the U.S. market is significantly larger. Marathon's Business Plan has been reviewed and approved by CTC and demonstrates exceptional growth potential. When Marathon is acquired, CTC will implement an aggressive marketing program, considering Marathon's products provide significantly improved fire protection over the competition for approximately half the cost.

CTC has chosen as its mandate, to source, acquire, support and develop emerging companies which have innovative market-ready products.

John Tansowny, CTC's President said:

"I am delighted to be able to move forward and propose Marathon as CTC's first acquisition. It is profitable today, has enormous future potential, and very positive revenue implications for CTC. Our objective is to successfully grow CTC as quickly as possible, but with sound businesses that have strong products, established sales and high growth potential. We would like to make at least two other acquisitions in 1995 and have been aggressively prospecting targets. Several potential opportunities have been identified, and of these, discussions have been opened with: - a B.C. based developer of hardware and software to monitor performance and emissions of large industrial and marine engines, - an Ontario company which has developed a portable low intensity radar with a myriad of industrial applications, - an Alberta company with a new low energy metal luminescent sign system, and - an Alberta company with a stand alone emergency cellular road side telephone. While waiting as we guide Marathon through the Major Transaction process, we will be evaluating these and other opportunities."

CTC is a Junior Capital Pool company, listed and trading on the Alberta Stock Exchange, trading symbol "CCT".

THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

CONTACT: John Tansowny

403/423-1331

403/423-2508 (FAX)