PYROCAP INTERNATIONAL CORPORATION ANNOUNCES MARKETING AGREEMENT FOR PERSONAL FIRE PROTECTION LINE
Under the agreement, Colbra has the exclusive right to market the Fire Cap(TM) canisters in certain parts of the world, including the U.S. In addition to purchasing concentrate from Pyrocap, Colbra will pay a licensing royalty to Pyrocap for unit sales. Also under the agreement, Pyrocap has the exclusive right to market the Fire Cap(TM) canisters in the Middle East, Africa and the Caribbean, and as such will pay a per unit royalty to Colbra for sales in these territories. Pyrocap has already initiated test marketing in all three regions.
Colbra Corporation president, Michael Colyott, stated, "PYROCAP B-136(TM) is the most impressive product of its kind. Due to its exceptional fire suppressant characteristics and its uniquely non- toxic properties, we feel the potential market for a personal use version is enormous. PYROCAP B-136(TM) was chosen to replace the product we used during our initial marketing efforts. During the three months ended February 29, 1996, we had already sold $153,000 worth of canisters containing the former extinguishing agent to customers in Thailand. As of March 6, 1996, all Fire Cap(TM) canisters will contain PYROCAP B-136(TM). International marketing efforts will be conducted in Hong Kong, Malaysia, Japan, China and Taiwan during the current fiscal year." The suggested retail price for a 16 ounce Fire Cap(TM) canister is less than $19.95.
PYROCAP B-136(TM) is a non-toxic concentrate made from organic compounds. Use of PYROCAP B-136(TM) has proven effective lessening risk of injury and death among fire victims and emergency personnel. When mixed with plain water, PYROCAP B-136(TM) extinguishes fires faster and reduces associated smoke and heat more effectively than water alone. The concentrate has been approved by the U.S. Department of Agriculture, U.S. Forest Service, U.S. Department of Interior, Bureau of Mines, and the Federal Aviation Administration.
Pyrocap International Corporation is a specialty manufacturer of environmentally friendly chemicals designed to improve the quality of life for growing communities. Pyrocap markets PYROCAP B-136(TM) and ODOR-GO(TM) to over a dozen cities in the U.S. and to civil defense agencies worldwide including the Kingdom of Saudi Arabia where the company currently has an order backlog of over $2 million.
/CONTACT: Investor Relations, Kevin Lichtman of Continental Capital & Equity Corporation, 407-875-1110, e-mail: firstname.lastname@example.org; company, Theodore A. Adams, III, president of Pyrocap International, 703-551-4452, e-mail: email@example.com/
CO: Pyrocap International Corporation; Colbra Corporation ST: Virginia, Mississippi IN: CHM SU:
KS-DC -- DCW024 -- 6553 04/10/96 13:16 EDT
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|Date:||Apr 10, 1996|
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