INTERNATIONAL AMERICAN TECHNOLOGIES, INC.
601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077
Tel: (281) 334-9479 Fax: (281) 334-9508
www.americanii.com email: firstname.lastname@example.org
FOR IMMEDIATE RELEASE
INTERNATIONAL AMERICAN TECHNOLOGIES ANNOUNCES HAMMONDS’ APPROVAL AND INITIAL ORDERS FOR TRUCK MOUNTED INJECTION SYSTEMS IN CANADA
Houston, Texas – May 8, 2007 International American Technologies, Inc. (OTCBB: IMTG), announces that the Hammonds companies, its wholly-owned subsidiaries, have received approvals and initial orders for Hammonds’ transport mounted injection systems.
Carl Hammonds, President of the Hammonds companies stated that "after, over a year of extensive field testing, the Canadian government and major oil companies have approved Hammonds’ design for installation into additional bulk transports. Hammonds’ unique injection system is capable of selectively injecting dye into multiple fuels as the product is delivered to retail and industrial user locations. This eliminates the need for bulk suppliers to have two separate fleets of trucks, one for dyed and one for non-dyed product. In the past, some marketers have had to load trucks alternately with dyed or non-dyed product in order to make deliveries, since the use of fuel for on-road and off-road applications carry different tax liabilities to the end-user. The initial group of Hammonds’ injection systems will be installed within the next ten weeks. We expect that future orders for this technology in the United States and Canada will be from $4,000,000 to $5,000,000. An additional order is pending from a major truck manufacturer that would bring the total for this first round of equipment to $345,000".
Mr. Hammonds further stated that "this represents a significant new area of business for Hammonds and its exclusive Canadian representative, National Energy Equipment, Inc. Hammonds’ new injection system saves its fuel distributor customers the costs of additional trucks and delays, reducing operating expenses. Our initial injection systems are being delivered for service in western Canada and we believe that they will be adopted throughout Canada in the future. Hammonds’ new technology is based on a proprietary system design that is unique because it is capable of accurately dispensing and measuring extremely small quantities of fuel dye, an essential feature in serving the motor and aviation fuel industries. Hammonds specializes in accurately dispensing all kinds of motor and aviation fuel additives as well as disinfectants for every phase of the water treatment industry". Hammonds had previously installed over $1,000,000 in terminal equipment also used for fuel dye injection in Canada.
"These latest approvals and orders for Hammonds’ products and systems evidences the ability of the Hammonds companies to offer diverse lines of products receiving market acceptance, thereby assuring the long term growth potential of our company", said Mr. Hammonds.
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International American Technologies, Inc. (OTCBB: "IMTG"), is a 40.7% owned subsidiary of American International Industries, Inc. (OTCB: AMIN). IMTG owns 100% of Hammonds Technical Services, Inc., Hammonds Fuel Additives, Inc., and Hammonds Water Treatment Systems, Inc. (collectively "Hammonds"). Hammonds Technical Services is a business engaged in fuel handling equipment for the military and industrial customers, a provider of fuel injection services for the aviation industry, and the designer of a new omni directional vehicle for a wide variety of uses. Hammonds Fuel Additives produces and markets motor and aviation fuel additives. Hammonds Water Treatment manufactures calcium hypochlorite tablet and granular systems which provide water disinfection for a wide range of potable and waste water applications.
Private Securities Litigation Reform Act Safe Harbor Statement:
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued value of our real estate portfolio, the strength of the real estate market in Houston, Texas as a whole, continued acceptance of the Company's products and services, increased levels of competition, new products and technology changes, the dependence upon financing, third party suppliers and intellectual property rights, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.
Investor Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: email@example.com