CTC Crown Technologies To Proceed With Marathon Acquisition.

EDMONTON, Alberta--(BUSINESS WIRE)--Sept. 11, 1995--CTC Crown Technologies (Alberta Stock Exchange: CCT) ("CTC" or "the Corporation") is pleased to announce that it has finalized negotiations with Marathon Coatings Technology Ltd. ("Marathon") and will be proceeding to acquire Marathon as CTC's Major Transaction.

Subject to the fulfillment of certain conditions, CTC will acquire Marathon as a wholly owned operating subsidiary. As consideration for the acquisition, the Corporation will allot 1.3M Common Shares in exchange for all of the issued and outstanding shares of Marathon. Release of the Common Shares will be subject to an Earn Out test based upon the issuance of one Common Share for every $0.50 in annual cash flow generated by the operations of Marathon as determined from audited financial statements.

CTC will also provide no less than $500,000.00 in Business Development Capital over the next two years based upon the cash flow needs specified in a mutually agreed Financing Plan,and certain Marathon principals will be given guaranteed two year employment contracts to achieve specified goals and objectives described in a mutually agreed Business Plan.

Marathon is the developer and supplier of fire retardant paints, chemicals and coatings which can be applied to a variety of fabrics and construction materials as an after market add-on, or directly to raw materials prior to assembly. The products provide superior fire retardant properties compared to existing products for approximately half the cost. The products are CSA approved and have recently received UIL certification which will dramatically impact U.S. and International sales. Fire safe standards and regulations for materials, furnishing and fixtures in public buildings are ever increasing globally. Marathon is in the right position at the right time to offer cost effective solutions for an expensive problem.

Completion of the transaction will be subject to CTC receiving regulatory and shareholder approval of Marathon as a Major Transaction.

The Corporation is also pleased to announce that it has entered into a conditional "Offer to Finance" and a "Due Diligence Agreement" with Maintenance Management Institute Inc. ("MMI"). These agreements will allow CTC to evaluate MMI as a potential future acquisition after completing the Major Transaction.

MMI is a six-year old company based in Surrey, B.C. It has developed, owns and is ready to market, proprietary software and hardware which can be used to monitor the performance and emissions of large million dollar industrial engines. The equipment measures several internal engine functions from data obtained by strategically placed sensors. This information is electronically captured by a hand-held computer for transfer to a desktop PC for analysis. Sensors can also be networked from many engines to an "on-line" central control point. Purchasers will save hundreds of thousands of dollars in emergency down time costs, unnecessary maintenance costs, labor costs and emission violation fines by having the ability to identify and predict problems before they occur and to proactively schedule tuning, repairs and maintenance. There is no fully integrated competitive product.

MMI has a commercial scale Beta test site in Sumas, Washington at a pipeline pumping station owned by Northwest Pipeline Corporation, one of the largest pipeline companies in the United States and a subsidiary of the Williams Companies conglomerate. MMI has been at this site since September, 1994 with Northwest's full cooperation, for product development and prototyping. There are 100 engines in Northwest's Sumas Region alone, and there are several thousand engines at similar installations throughout North America. Success with the commercially scaled system at this site will dramatically expand sales.

Other global target markets include: Tug boat and other marine engines, diesel electric locomotive engines, gas processing plant engines, electric generating plant engines, materials processing drive systems and other large engine installations.

John Tansowny, CTC's President said:

"MMI fits well into CTC's development plan. Our objective is to grow CTC as quickly as possible, but with sound businesses that have strong products, established markets and high grow potential. In the highly competitive and environmentally sensitive world, companies are searching for ways to protect their investment in large scale engines, prevent unnecessary down times and most importantly, avoid the negative cost and publicity associated with pollution violations. MMI is the only available integrated solution to all these problems."

CTC is a junior capital pool company trading on the Alberta Stock Exchange, Symbol "CCT" and has chosen as its mandate, to source, acquire, support and develop emerging companies which have innovative, market-ready products. -0-

Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.

CONTACT: CTC Crown Technologies

John Tansowny, 403/423-1331 or 403/423-2508 (FAX)