Ginsite Materials, Inc. Signs Distributor Agreement Worth Over $1 Million in Next 12 Months.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Aug. 20, 1998--Ginsite Materials, Inc. of Ft. Lauderdale, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GSIT) finalized a distribution agreement worth over $1 million in the next 12 months with Advanced Construction Technologies. This marks Ginsite's sixth major agreement since it began marketing its coating/sealant material earlier this year. Advanced Construction Technologies agreed to pay $450,000 for exclusive distribution rights and guaranteed minimum purchases of $648,000 for Ginsite material over the next 12 months. Although Ginsite has proven applications in the marine, roofing and construction industries, Ron Canter, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advanced Construction Technologies, said he plans to focus his initial marketing efforts on its construction applications. Specifically, he likes the way the material performs as a sealant and a coating for wall and roof panels. "We have researched several different coating products," Canter wrote. "None compare to Ginsite, especially in the areas of enhancing insulation, strengthening structural capacities and waterproofing." Advanced Construction Technologies, located in Vancouver, is now the contracted distributor of Ginsite for the Canadian provinces of British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and Alberta. In addition, Advanced Construction Technologies holds distribution rights to Oregon, Washington, Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , Arizona, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Hawaii, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , Ecuador, Australia and Japan. Ginsite Materials has also granted Advanced Construction Technologies first right of refusal for distribution in South and Central America. While the company is under contract to purchase 3,000 gallons of Ginsite per month, Canter expects his orders to be even higher. "Within six months I anticipate doubling our monthly orders to 6,000 gallons or more," he said. "Ron has been testing Ginsite and working with our product for over ten months," said Murray Ginsberg, founder and president of Ginsite Materials, Inc. "His decision to become a contracted distributor and his enthusiasm for the product immediately strengthens Ginsite's recognition and acceptance within the industry." Ginsite Materials, Inc. has created the material formulation to solve a critical worldwide environmental and housing need. Inspired by the goals of ending deforestation deforestation Process of clearing forests. Rates of deforestation are particularly high in the tropics, where the poor quality of the soil has led to the practice of routine clear-cutting to make new soil available for agricultural use. and providing shelter to families in third-world countries, the company has manufactured a high-quality, affordable building and coating material coating material, n a biologically acceptable, usually porous nonmetal applied over the surface of a metallic implant with the expectation that tissue ingrowth will occur in the pores. Often a carbon polymer or ceramic substance. . The Ginsite formulation is four times stronger and four times lighter than concrete blocks and is considered friendly to all environments. Its versatility and adaptability have immediately opened doors to countless lucrative opportunities in the construction, roofing, and marine industries. Specific uses for Ginsite include enhancing concrete and wood products such as driveways, pools, boats and more. No stock exchange has approved or disapproved the information contained herein.
CONTACT: Ginsite Materials, Inc., Fort Lauderdale
Hank Lione, 954/321-9616
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