INTERNATIONAL AMERICAN TECHNOLOGIES, INC.
601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077Tel: (281) 334-9479 Fax: (281) 334-9508
www.americanii.com
- email: amin@americanii.comFOR IMMEDIATE RELEASE
INTERNATIONAL AMERICAN TECHNOLOGIES INC. ("IMTG"), AN AMERICAN INTERNATIONAL INDUSTRIES INC. ("AMIN") SUBSIDIARY, ANNOUNCESDISTRIBUTION AGREEMENTS AND ORDERS FOR ITS ODV PRODUCTS
Kemah, Texas – February 21, 2006 International American Technologies, Inc. (Symbol: "IMTG")
Gary Woerz, President and Chief Financial Officer of IMTG, stated that its subsidiary Hammonds Technical Services, Inc. through Hammonds President Mr. Carl Hammonds, announced the appointment of the Mark C. Pope Associates, Inc., as a distributor for the Omni Directional Vehicle (ODV). The Pope Company will represent Hammonds as an Aviation Ground Support Distributor in Georgia, Mississippi, Tennessee, North Carolina, South Carolina, Alabama, Florida and Nevada. The Pope Company founded in 1950, has its headquarters in Smyrna, Georgia with branch offices in Tampa and Las Vegas. Specializing in all phases of ground power generation and management, Pope is one of the oldest and largest servicing distributors for ITW Hobart® equipment, a world leader in industrial power systems. ITW Hobart® battery chargers, generators and related equipment are found in virtually every phase of aviation, industrial material handling and utility equipment.In addition to stocking vehicles in their Georgia and Florida offices, Pope has ordered 4 ODV mobile demonstration units to initially cover Pope’s 8 state territory. Pope employs a total of 61 employees with 14 full time sales personnel. Pope stocks inventories in ground power units, industrial battery chargers and power generation services including diagnostics, rebuilding and total refurbishment of a wide range of industrial and aviation ground support equipment.
Pope has entered a blanket ODV order for $504,000 for the balance of 2006. The Pope Company’s Vice President of Marketing, Mr. Scott O’Connell is projecting ODV sales of approximately $650,000 for 2006, in addition to, an initial stocking order for $175,000. Pope is one of several established marketing partners currently finalizing territory agreements with Hammonds.
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 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 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: rruthstrom@americanii.com